Overseas property investors should consider buying property in Italy, despite the struggling economies of neighbouring eurozone countries Greece,Portugal and Spain, according to according to Henderson Global Investors.
Stefan Wundrak, European research manager at Henderson Global Investors said: “It becomes obvious that a closer look at the Italian economy reveals a rather more differentiated picture often missed by international observers. As far as the [Italian] property market is concerned, inside and outside views on Italy can be widely divergent. Foreign players mainly see risks, whereas locals praise the achievement of relative market stability.
“Investors who stick to the caricature of the Italian economy and property market are quite likely to miss a trick.”
Italy has the seventh biggest global economy and has been part of the European Union since its foundation, with a broad based economy and an export industry almost on par with France and well ahead of the UK.
Although there are very few distressed property sellers in Italy, there are still some good property deals to be had.
To read our guide on buying property in Italy, click here.