The Italian Real Estate market saw an overall drop in prices of 11.98% in 2012 according to a report from FIAIP ( the national Federation of professional estate agents ) who also advised that 39% of clients who purchased bought a 2 bedroom apartment. Linda Travella of Casa Travella Ltd. agrees with this analysis. That is what the majority of my clients are interested in and the link below shows the typical type of property that accounts for that 39% of buyers using an example of a 2 bedroom apartment on Lake Como. However the areas vary of course with Como and Liguria being at the forefront for those interested in apartments.
40% of clients are looking for property in good condition with 25% wanting to purchase the traditional property to restore, and again the link below is an example of a typical restoration project in the Lucca area of Tuscany.
It is an ideal time to buy a second home for personal use or as an investment and whilst prices overall have dropped by just under 12% in some areas it can be as much as 20%. The link below shows a great value three bedroom investment property in Le Marche.
Predictions state that in the first half of 2013 prices will remain static and are not expected to drop any further, they are their lowest for many years, says Linda, who has been selling in Italy for 25 years. Clients are not making the most of the low prices, I have not seen such bargains before so do check out our properties.