With sterling at its strongest for 7 years against the €
it is an ideal time to look at investing
in a property in Italy, instead of leaving your hard earned funds in the bank where interest is at a all time low!
Linda Travella of Casa Travella Ltd, has been selling property in Italy for 25 years and shows some examples of how much you can save compared to 1 year ago.
Property (Right) Puglia, 3 bedroom, 2 bathroom, sea view,
2 acres land - €299.000
March 2014 - £249,000
March 2015 - £213,000!!!
The difference the exchange rate makes to properties is quite amazing and until you actually see figures sometimes you may not take it into consideration sufficiently. See below the difference of buying a property 1 year ago and now, it is over 15% cheaper right now, so don’t wait!
Property 1 below in Sardinia:
March 2014 – Cost €200.000 which was about £166,000 at a rate of 1.20.
March 2015 – Cost €200.000 which is now about £142,000 at a rate of 1.40
Saving of £24,000!!!
Property 2 below on Lake Como:
March 2014 – Cost €395.000 which was about £330,000 at a rate of 1.20.
March 2015 – Cost €395.000 which is now about £282,000 at a rate of 1.40
Saving of £48,000!!!
BUY NOW AND SAVE MONEY!!!!