Italy 'offers opportunities to investors'
Italy offers significant opportunities to potential investors due to its "flourishing" tourism industry, suggests one sector organisation.
According to NuWire Investor, the steady flow of tourists to the Mediterranean country means that Italian property has plenty of potential for high rental yields.
A recent World Tourism Organisation report highlighted Italy as one of the best performers in 2006 with arrivals up by 12%.
Southern Italy has been identified as one particular area that has generated growing interest among travellers and property investors alike.
The investor media source indicates that apartments along the southern coast are particularly appealing to tourists and can provide a substantial rental income.
In addition, investors should not face too many obstacles with foreigners enjoying similar property rights as Italian citizens.
"Italy's exquisite cultural patrimony, evocative countryside and 'made in Italy' craftsmanship all combine to preserve the value of Italian real property," commented Donald J Carroll, vice co-chair of the ABA Committee on International Investment in Real Estate.
Rightmoveabroad.com has identified southern Italy as an emerging market for property investors, reports the Mirror.
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