Italy's property market 'set to grow'

Property values across Italy are set to rise as a result of improvements to the transport network, experts have stated.

Authorities in the country are currently rolling out a new high-speed rail network, which should make many areas more easily accessible.

This has prompted those who are working on the upgrades to predict a surge in the property market in several different regions.

Carlo de Vito, spokesperson for state rail road company Trenitalia, commented: ""When we open a new station, there is a 30 to 40 per cent rise in real estate values in just a few years."

Speaking to the International Herald Tribune, he added that a new station near the heart of a major city made it much more appealing to commuters.

The prospect of capital growth could also encourage overseas property investors to consider the Italian market.

According to MyHoliday.com, Italy is one of the countries where tourist accommodation is in particularly strong demand, which means that owners could also benefit from rental income.

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