Investor Insight: The Italian Property Market Tuesday 25 September 2007 PDF Print The Tuscan dream is never far from peoples’ minds when thinking about property investment in Italy, but with no restrictions on non-residents purchasing Italian property, has Tuscany been swamped with interest, are there any renovation projects left and are holidaymakers still being drawn to the hillside to bring in the rental returns? Tuscany, with its hill-towns, reputable vineyards and towns brimming with outstanding examples of art and history, is where holidaylettings.co.uk has the most holiday homes available to let within Italy. The largest concentrations are in Florence, Siena, Lunigiana and their surrounding areas. With over 1,300 holiday homes to rent and 3,050 to purchase in Italy as a whole, Tuscany attracts a holidaymaker enquiry rate 1.5% above the average enquiry rate for Italy and proves that Tuscan holiday homes are still enjoying their widespread popularity. Cortona is an Etruscan town loftily positioned with vistas across Lake Trasimeno and Valdichiana and nestled just inside the Tuscan-Umbrian border; conjuring images of sunflower fields and olive groves. RightmoveOverseas list properties for sale there starting from €165,000; demonstrating how Tuscany and Umbria are the pricier end of Italy’s property market. A week in La Mimosa, a one bedroom apartment just outside of central Cortona, would cost you from £224-£414 per week through holidaylettings.co.uk. Other popular Italian destinations include Lombardy, whose main tourist attraction is Lake Como and, as such, the area benefits from an enquiry rate 3.4% above the site average. Sharing a border with Switzerland there is much potential here for lengthier holiday seasons; mountains have that year round attraction and appeal to skiers, boarders, water sport fanatics, walkers and cyclists alike. Invest in a ski apartment in Gromo, Bergamo from just €90,000 or spend a week at a traditional stone house in the medieval village of Chiavenna that sleeps six guests from just £393 per week. Venice and the South Tyrol draw in the crowds in North East Italy and Lake Garda is one of the main drawing points. A two bedroom apartment in Riva del Garda will set you back €164,959; while a week at Residence San Michele starts from £240 per week for six guests. Autonomous Sicily, despite explosive Etna, remains popular with holidaymakers for its Mediterranean setting and delicious food. There are 109 self catering holiday options to choose from; Casale Mare Monte in Palermo is decorated with typical Sicilian murals and can accommodate eight guests from £152-£434 for a week’s holiday. To buy your own Sicilian pad you will need to budget at least €199,000. Sardinia, however, is the hottest Italian holiday spot. Properties in Sardinia attract on average 12.4 enquiries per month – outshining the site average of 3.4. L’Ea di Lavru is a fine example of a one bedroom apartment with enchanting views across to Tavolara and it’s available to rent from £90-£552 per week. Clearly, with sufficient demand for the holiday home letting market in Sardinia the 233 Sardinian properties for sale on RightmoveOverseas.co.uk are a must see. Prices start from as little as €28,000 for a detached two bedroom old mill and stable in need of renovation in Bonarcado. If a renovation project is not on your list of priorities, prices for a fully finished property here start from €43,000 for a two bedroom house in Sardegno. A 10 minute walk to the beach and just one hour’s drive from Alghero Airport offers homeowners and holidaymakers an insight into the laid back lifestyle and temperate climate Sardinia has to offer. - End - For further information, please contact: Maud Rousseau Head of PR Tel: 0207 087 0603 Email: Maud.Rousseau@Rightmove.co.uk Kate Stinchcombe PR Officer Tel: 01865 204738 Email: Kate@holidaylettings.co.uk Notes to editors: RightmoveOverseas began as a division of Rightmove.co.uk, the UK’s number one property website. It acted as a subdivision of the property site for three years before launching under its own identity in January 2007. RightmoveOverseas operates much the same as its UK equivalent in that it is a portal for overseas agents and developers to advertise their properties, endeavouring to recruit quality agents and developers from around the world in order to showcase the largest cross section of property and destinations possible. The ethos behind RightmoveOverseas is to connect more people with overseas property than any other website and, through its partnership with BuyAssociation, provide buyers with easily accessible guides, fact sheets and articles on their chosen country as well as the opportunity to listen to radio shows and podcasts providing additional information and tools to educate and guide users through the overseas buying process. Holidaylettings.co.uk provides an effective means of online advertising for holiday homeowners and a user-friendly search tool for holidaymakers to book accommodation direct with owners. There are currently more than 17,000 holiday homes to choose from in 105 countries worldwide. Established in 1999, Holidaylettings.co.uk is the UK’s most visited holiday home website attracting in excess of 1 million visitors each month; and is part of FTSE 250 company Rightmove.co.uk. This press release was distributed by ResponseSource Press Release Wire on behalf of Holiday Lettings in the following categories: Construction & Property, for more information visit http://pressreleasewire.responsesource.com/about.