MILAN: Italy is, piece by piece, rolling out its high-speed rail network and - much like the oft-publicized Ryanair effect, in which property values rise as budget airlines arrive - many experts are anticipating real estate values to increase as the trains reach new locations.
The high-speed train service, known by the Italian acronym TAV, or treno ad alta velocità, already functions most of the way between Rome and Naples and a portion of the new Turin to Milan route opened two years ago. The rest of that route and the Milan-to-Rome service are scheduled to be operational at the end of 2009.
