Gate-away: Homes for sale in Italy - The Recovery Seems to Be Starting

Looking at the whole picture the Italian home market doesn’t give the impression to be in great conditions. Of course it is much better off than the majority of the main property markets in Europe, but this time of crisis is tough for all markets.

But if we look at the Italian home market more into detail we discover that signs of a starting  recovery are becoming more visible in local property markets.

Many experts were expecting a recovery as well as they had been expecting a slow down after several years of steady growth and now news of a property market that is coming back to life are spread by home institutions which foresee an upswing of the trend of the market in the second half of 2009, boosted by the cheaper prices of properties and cheaper interest rates of mortgages.

An improvement of the property negotiation’s trends have already been registered in the main Italian cities starting from Milan with a property price increase of 2% in the first three months of the year, followed by the stunning baroque city of Turin, which has seen an increase of 0.3%, a smaller increase than Milan’s but still a promising U-Turn of the last year’s negative trends. Also our wonderful capital is expecting an improvement of its home market. Not only Italian main cities are seeing a recovery of their property market but also whole regions such a Puglia is seeing a light at the end of the tunnel with its cities Lecce, Monopoli, Bari, Modugno e Monopoli, which have registered a positive trend in the first quarter of 2009.

Of course there’s still a long way to go but homes for sale in Italy have always been a great investment as the Italian property market has always been considered one of the most secure as it has always had a steady growth, in fact in 2008 it has registered the first negative trend since 1998 and now experts are optimistic and predict a recovery of the market already in the next months.

All of this to demonstrate that this is a perfect time to buy a property in Italy: property prices are 10% lower than last year, interest rate are at historical lows, looking carefully can be easily found a motivated buyer giving the possibility to buy at a discount higher than average and, last but not least, property in Italy will see a rise of prices in the next months providing to investors a good income yield.