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Guide to Buying Property in Italy

May 30, 2008
Buying property in Italy is a commonly discussed subject among the European investors, who rightly have substantial reasons to consider the location for overseas property investment purposes. Italy is a traditionally unique flavour, carefully preserved in a modernized shell. The land on one hand offers unmatched simplicity and the colours of culture and at the same time presents the crispest shades of development and definite growth. This distinctive blend, in combination with various economical factors, easily places Italy in a slot where investors wouldn't think much before making a positive move.

Why Italy?

Before deciding on a particular region when buying property in Italy, this section elaborates upon the various lucrative factors, which places Italy as the preferred investment destination, especially for British investors. In fact the popularity is such, surveys are indicating that people facing severe implications of the credit crunch are contemplating emigration to Italy, among various other options.

Italy is a European Union (EU) member and in comparison to other members, the prices are pretty competitive. For UK investors, it is an easily accessible land, with regular flights. Moreover, the Italian government is quite responsive towards tourism and thus making every possible effort to enhance the investment convenience. On the economical front, investors can make optimum profits by buying property in Italy, as there are no capital gain taxes on profit from property. In fact Italy is the land symbolizing property tax reforms, with substantial VAT discounts in store. As an added feature, if the investor could acquire the country's citizenship, the purchase costs can be considerably reduced.

Where in Italy?

There are a host of tempting locations and options in Italy, where as an investor, it would be a pleasure to buy property in Italy. Apulia is one such area. It is a part of the southern region and famous for its wine and olive oil production. Apulia, among other investment options, has the famous white property known as Trulli. The property has several domed roofs and presents an enticing landscape. In addition to this, with two coastlines surrounding the region, there are many properties in close proximity to the sea for selection.

Tuscany is also a region which will shoot up the list of tempting property for sale in Italy. However, buying property in Italy in this region is rather expensive. As an alternate, Calabria could be checked. Calabria is the destination for the curious, and has as yet to be completely discovered. It is largely a mountainous region, with the most tantalizing hidden secrets to confer. In addition to this, the west coast of Italy presents Sardinia, the second largest island in Mediterranean Sea. The obvious fantasies, which would surround an island, accomplish their job beautifully to wrap Sardinia in an attractive package. The region is a natural mystery, with climatic extremes in store. These and additional aspects help Sardinia climb up the tourist and/or investors attractiveness ladder.

Another region, when buying property in Italy, that is popular with tourists and suitably apt for investment, is Le Marche. There are seaside resorts and beach properties for sale, and the region also brings along excellent cuisine and wine to complement. In addition the Italian investment basket also includes villas and mansions in the countryside.

The stated is just an encapsulation of what all is available under the 'buying property in Italy' heading, but there is definitely much more to find out. Therefore before finally deciding upon any particular location, do take a definite effort in exploring the enticing regional specialties and then decide on where you are going to buy property in Italy.
About the Author
Scott Blyth wrote the Article 'Guide to Buying Property in Italy' and recommends you visit http://www.homesoverseas.co.uk/buying-property-in-italy/1086 for more information on buying property Italy.
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