Property in Italy could be set to see a renewed surge of interest from foreign buyers, experts have suggested.
Although the market has remained consistently popular over the years, ShelterOffshore.com believes that has recently been "flagging" as a result of high purchase costs.
According to the website, charges have been as much as a fifth of the asking price at times, making the overall cost of buying an Italian property too much for many prospective investors.
Sunday, March 30, 2008
Wednesday, March 26, 2008
Hungarian police reveal Italian real-estate scam
Hungarian police have revealed a billion-forint international scam involving two Italians and their companies based in Hungary, a police spokesperson said on Friday.
An Italian buyer agreed with a U.S.-based off-shore company in 2006 to pay 27 million euros for an industrial property near Milan and was planning to transfer the purchase price through a Hungarian intermediary company in order to avoid delays resulting from Italian regulations.
An Italian buyer agreed with a U.S.-based off-shore company in 2006 to pay 27 million euros for an industrial property near Milan and was planning to transfer the purchase price through a Hungarian intermediary company in order to avoid delays resulting from Italian regulations.
Monday, March 24, 2008
Need for a real estate authors from italy
Hi guys, its Tam Tree, hope you like the Italy real estate news blog.
I need real estate authors from italy to help me coverage the areas of Sicily, Tuscany and Venice .
Please send email if you like to participated in this effort. Thanks a lot !
tamtree@gmail.com
I need real estate authors from italy to help me coverage the areas of Sicily, Tuscany and Venice .
Please send email if you like to participated in this effort. Thanks a lot !
tamtree@gmail.com
Friday, March 21, 2008
Assicurazioni Generali SpA said its excess capital at the end of 2007 was 3.2 bln eur.
n slides presenting the group's 2007 results, Generali said it has real estate assets worth 22.93 bln eur, with 40 pct of the portfolio being in Italy.
The company said its exposure to structured finance, net of policyholders' participation, is 1.481 bln eur compared to an overall group investment portfolio of 285.9 bln eur.
Generali said it has no exposure to US subprime assets and negligible exposure to US monoline insurers.
The company said its exposure to structured finance, net of policyholders' participation, is 1.481 bln eur compared to an overall group investment portfolio of 285.9 bln eur.
Generali said it has no exposure to US subprime assets and negligible exposure to US monoline insurers.
Tuesday, March 18, 2008
Tax changes will boost Italian property
Recent changes in Italian tax laws will benefit some property investors, it has been claimed.
Fly-2let.co.uk reports that non-professional investors who wish to buy a holiday home in Italy and rent it out for a period each year will be able to take advantage of a lower rate of tax.
The website explains that duty charged on such property purchases can now be as low as four per cent, whereas previously it could be as high as 17 per cent.
Fly-2let.co.uk reports that non-professional investors who wish to buy a holiday home in Italy and rent it out for a period each year will be able to take advantage of a lower rate of tax.
The website explains that duty charged on such property purchases can now be as low as four per cent, whereas previously it could be as high as 17 per cent.
Saturday, March 15, 2008
Italy emerges as top investment hotspot
Italy has been named as the most sought after overseas investment hotspot for Britons seeking property abroad.
According to theMoveChannel.com, the international property portal, the country emerged as the most enquired after location during February, taking 8.5% of all searches.
The statistics also reveal that Spain came in second as the prime destination for Britons looking for property abroad, having overtaken France which was toppled from first place.
According to theMoveChannel.com, the international property portal, the country emerged as the most enquired after location during February, taking 8.5% of all searches.
The statistics also reveal that Spain came in second as the prime destination for Britons looking for property abroad, having overtaken France which was toppled from first place.
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