Thu, 22 Nov 07
Investors are increasingly opting for established Markets like Italy...
The ‘new’ Eastern European countries have dominated the headlines is recent years, with promises of sustained capital appreciation, however a decidedly chilly front has hit these eastern markets and led shrewd investors to concentrate on established markets, with
Trinidad Passerini, Managing Director of Precious Villas, says, The decline in property investment in Eastern European countries is
With potential profit forecasts considerable readjusted, serious investors have had to wrestle with their conscience as to what else these emerging markets have to offer. The truthful answer is very little, especially when you look at mature markets such as
These stringent new planning laws mean that developers have less freedom and therefore there is less danger of overdevelopment or ‘blots’ on the landscape. No longer are green field sites acceptable for new developments unless special permission is granted.
Developers will have to be able to prove that the said development would be beneficial to the local community, inspiring the economy or capable of attracting more tourists. With the landscape of
One particular point of interest, which perhaps is not common knowledge, is that in 2001 the government abolished inheritance tax. This was a clear signal by the Italian government to encourage more investment and those who are looking for financial incentives without being penalised can bank on
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