ROME, Italy -- What do people around-the-world most want for this 2014? Apparently, Italian real estate is at the top of many wish lists.
In particular, comparing the two weeks before Christmas (from December 9th-22nd, 2013) with those between Christmas and the turn of the New Year (from December 23rd, 2013 to January 5th, 2014), the Italian property portal Gate-Away.com has observed a +93.48% in the number of inquiries received from worldwide investors interested in Italian properties for sale. In the same period at the end of 2011 and the beginning of 2012 the percentage grew by 58.33%, whereas between 2012 and 2013 it rose by 78.4%.
In effect the Italian real estate market is beckoning to smart foreign investors and home-buyers with a range of historically low prices, an impressive residential inventory, and the potential for significant financial returns. The difficulties of the Italian economy have not been lost upon investors from other countries. An uncertain employment picture has kept many Italians out of the real estate market, but these same conditions provide investment opportunities for non-Italian buyers who are looking for relief from high prices at home, and who want to provide themselves a cushion against possible domestic inflation. More and more, citizens of Russia, Germany, the United Kingdom and elsewhere are flocking to Italy to buy vacation properties.
Why are people looking at property for sale in Italy when other countries are witnessing similar economic conditions? What is it about Italy that “makes the difference”. Certainly, the salubrious climate, friendly people and scenic beauty of Italy are a powerful draw for second-home shoppers, but there are also some strong economic points that stand in support of Italy's romantic and emotional appeal. Numbers compiled by ISTAT (the National Institute for Statistics) show that housing prices declined by 5.3% in 2013, and further indicate that prices will drop another 3.5% in 2014. In addition to attractive price-points and traditionally inexpensive closing costs, mortgage rates are at all-time lows. The Italian government, seeking an influx of capital, is courting foreign investment, and has laid the groundwork for tax incentives for non-native buyers. Additionally, certain credits may come into play for properties that require renovation and/or restoration. There are leading Italian real estate agencies that cater to a largely foreign clientele, and these companies utilize the Gate-Away.com site. The portal is a proven tool involved with bringing potential buyers and available real estate together.
Gate-away.com
Founded in 2007, Gate-Away.com is Italy's number one property portal for worldwide buyers who are looking for their perfect Italian property. It is now available in ten languages, and in more than 150 countries. The site is designed specifically for use by non-natives. Fast and easy to use, the portal is the best way to view comprehensive listings for every type of property anywhere in the country. The Gate-Away.com portal has multiple features to help people find property for sale in Italy, and to provide guidance in navigating the sales or rental process.
Contact
Gate-away
+39 0735 655001
info@gate-away.com
