Italian Property prices are expected to drop by 7% to 8%

Italian Property prices are expected to drop by 7% to 8% starting the second half of 2009, says Nomisma, an economic think-tank, noting that residential sales dropped by 15% in 2008. Housing sales are also expected to contract a further 8% to 10%. Nomisma expects the property market to stabilize in 2010.

Italy’s housing market has remained resilient, despite falling markets in most other developed countries. House prices in H1 2009 rose by 3% from a year earlier, according to the index published jointly by the Bank of Italy (BoI) and the National Statistical Institute (Istat). When adjusted for inflation, house prices rose by 1.9%.

Italian house price rises peaked in 2002, rising 12% (9.2% in real terms) from a year earlier. House prices rose by an average of 6.5% p.a. (4.1% in real terms) from 2003 to 2006, then by an average 4.6% p.a. (2% in real terms) from 2007 to 2008.

Read the full article at Italy - house price declines expected soon! (Globalpropertyguide.com)

Restored farmhouse for sale in Gualdo, Marche, Central Italy

A really delightful little cottage style farmhouse that has been fully restored retaining lots of features including a traditional outside staircase to the first floor. Everything has been recently refitted including a new kitchen and bathroom. This is the perfect opportunity to purchase a holiday home that you can enjoy straight away. The accommodation comprises two bedrooms, two shower rooms, living room with fireplace, dining room, kitchen. The immediate garden area is very nicely laid out, including a good sized patio with pergola, parking bay and storage shed. Beyond the garden space surrounding the house the land extends into a further field to an extent of c.3.000 sq.m.

More photos of this farmhouse on Affidata.co.uk

New apartments for sale near San Remo and Nice

The building provides 10 apartments of various sizes and design on four floors. Prices start at 149.000 Euros. Every apartment has a kitchen area, and fitted bathroom. All have balconies, and some have additional cloakroom facilities. All have independent gas-fired central heating, telephone point, and electricity, water and drainage connections. The building is approached via remote-controlled gates, which are operated via a video security system installed in each apartment.

More info on the apartments in the old Customs House in Airole, Liguria

Apartments in development near Tropea Calabria

Located near Ricadi in the prestigious "Coast of the Gods" area, a few minutes drive to the stunning coastline, we have a development of 15 exclusive, well apportioned units in various sizes. The development is set among 18 acres of luscious greenery and will feature a communal pool and an organic garden. 6 miles to golf course, 7 miles from Tropea, 40 miles to Lamezia airport

More info on the apartments near Tropea