New Economic Package Could Impact On Property Investment
Italy is preparing to provide its economy with a shot in the arm, which could mean it is a good time to invest in property in the region.
Economy minister Giulio Tremonti has unveiled a €80 billion stimulus package to reverse a trend of economic decline.
In the year's third quarter, Italy's economy regressed by 0.5% to compound the decline of 0.4% recorded in the second quarter of the year.
Crucially, the plan is dependent on European Union funds - meaning it will have a minimal impact on the country's budget deficit.
Of the €80 billion earmarked for investment, €16 billion will be used to improve infrastructures while a further €10 billion will be spent by toll operators to improve transport links.
This could lead to an increase in tourism and make investment in the country's property market more desirable.
Meanwhile, Italy's prime minister Silvio Berlusconi has rejected accusations of ill health, suggesting he is as fit as a "20-year-old man", the Telegraph reports.
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