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£100,000 to invest in property? Try Italy

"In the past Premium Bonds seemed like a good investment but even with those now, your chances of capital returns are slashed by 50%.

"Historically the Italian banks have come in for a great deal of criticism for being too conservative with their lending, however, I think now many other countries wish they had taken a similar stance!"

At a recent CEI meeting in Lisbon the FIAIP president said that the movement in the Italian market had not been as dramatic as in some countries with a fall of only around 7%.

Similarly, a national newspaper, referring to eight countries where ‘Brits’ traditionally buy overseas property, highlighted Italy as the only country not "in crisis".

Travella said: "In Italy mortgages are still available for periods of 10 to 20 years, and for approximately 60/70% of the purchase price. At around 4% variable, subject to criteria, there is no reason not to top up with a small mortgage if required.

"In addition, there has been a reduction in the number of buyers from around the world and this has resulted in some really good opportunities to buy at competitive prices.

"Italy has a great deal to offer with it being only a short flight from the UK, enjoying wonderful long summers, and offering culture and cuisine hand in hand with a history of friendly people who have a love of life."

For £100,000, or under you can buy a lovely apartment which forms part of a village house on Lake Como, and has been restored by craftsmen. This dramatically beautifully location brings visitors from around the world and you could own a home here. Centrally heated with spacious kitchen, bedroom, bathroom and covered portico this is a particularly good buy.

If you are looking for something a little cheaper then for 68,000 euros there is a stone-built terraced house in Pescaglia, only 30km from Lucca in Tuscany, enjoying beautiful views over the valley. This property has been partially restored and provides a small garden plus kitchen/dining/living room, two double bedrooms and a bathroom estimated cost to complete the work is about 30,000 euros.

Also in Tuscany is a ground floor apartment with patio and garden located in Bagni di Lucca. This is a well presented property with double bedroom and impressive kitchen/dining room/living room with large open fireplace. Outside there is large paved patio with unhindered vistas of countryside, enhanced with the sound of water from a nearby river. The property is also within walking distance of bars, restaurants and shops so it has a lot to offer. 95,000 euros fully furnished.

Casa Travella also has some rather rare opportunities to purchase in Sardinia for under 100,000 euros.

At Valledoria near Castelsardo and less than an hour from Alghero airport, there is a new, furnished apartment, with two bedrooms, balcony and air conditioning plus the benefit of a shared pool for just 95,000 euros.

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0 thoughts on “£100,000 to invest in property? Try Italy

  1. smell the coffee says:

    Self promotion and bad advice in one article!!

    Buying a Euro property when the £Pound is at an all time low is ridiculous, all it takes is an exchange rate correction of 25% and you’ll be paying way over the odds?

    Not to mention that Italy is on the verge of Bankruptcy (Ironic as they invented the word?) and is likely to see property values drop more than most other European countries over the next fewe years, evidenced in that they recorded only a 7% fall last year.

    Linda, you should be embarrassed