Europe Real Estate News
Written by Stocks Market Review Saturday, 10 April 2010 10:56
The 2003 movie, “Under the Tuscan Sun” was all about a San Francisco writer, Frances Mayes, whose marriage ends, and she decides to tour Tuscany to get out of her writer’s block. She falls in love with Tuscany, and buys a falling-down villa, hiring locals to rehabilitate it to its former glory. It’s a great story, one you should watch if you haven’t already, or if you’re considering doing rehab investing in Italy.
While UK investors have been less involved in the real estate markets of Italy lately, it seems that the Russian investors and vacationers are giving it a thorough look. It seems that Italy’s real estate hasn’t suffered the volatility of real estate in Spain and France, so European investors have gravitated to those areas where deeper discounts can be realized. Those deep discounts aren’t prevalent in Italy’s market, that is unless you have romantic movie notions about rundown property opportunities. Russians have heavily invested in the Black Sea area and Bulgaria. It’s logical that, with Italy just around the corner, that their attention would turn to Italy for fun and investment returns.
With Italy declared one of the top five most visited destinations in the world, it’s clear that this popularity with visitors would translate into real estate investment and a less volatile market during the last few difficult years for real estate worldwide. Many global real estate market analysts are predicting a great 2010 for Italian real estate.
Residential Properties
Buyers of single family residential homes in Italy have been on a buying spree in the rural areas outside major cities. If questioned, they cite the easy going and laid back lifestyle in these areas, with easy access to the hustle and bustle of the cities when they want it. In fact, that movie was mentioned many times as stimulating their interest in rural Italian homes.
Apartments in Italy
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Europe Latest Real Estate News
| Dubai Developers Face Refinancing Risk, Fitch Says 19/07/2010 | Business Week  Dubai’s property companies may face significant refinancing risks as the emirate’s real estate market will likely remain under pressure until at least 2012- 2013, Fitch Ratings said. The property industry “is likely to see a period of stagnant growth at best and a double-dip contraction at worst,” Bashar al-Natoor, director at Fitch’s Europe Middle East Africa corpo [ ... ] |
| How UK Government Cutbacks Could Impact The UK Real Estate Market 29/05/2010 | Property Wire  The prospect for residential UK real estate depends on cutbacks in the upcoming emergency Budget. Eliminating Home Information Packs should boost the volume of homes heading to market, potentially eroding prices — particularly if distressed sales increase. See the following article from Property Wire for more on this. |
| Eastern Europe real estate woes 25/04/2010 | Haaretz The 2004-2007 period will be remembered at the golden age of real estate in Central and Eastern Europe. Israeli developers flocked to invest in Romania, Bulgaria, the Czech Republic and Poland. The EdR Real Estate (Eastern Europe) fund was established in late 2006, with significant involvement from some leading Israeli businesses. The fund is controlled by the French Edmond de Rothschild ban [ ... ] |
| “Under the Tuscan Sun” – The Movie That Spurs Investment 10/04/2010 | Stocks Market Review  The 2003 movie, “Under the Tuscan Sun” was all about a San Francisco writer, Frances Mayes, whose marriage ends, and she decides to tour Tuscany to get out of her writer’s block. She falls in love with Tuscany, and buys a falling-down villa, hiring locals to rehabilitate it to its former glory. It’s a great story, one you should watch if you haven’t already, or if you [ ... ] |
| The Pain in Spain: What it Means for Europe 24/03/2010 | Moringstar  PERSPECTIVES: The bursting of Spain's construction bubble, why it won't exit the euro, and its future role in Europe |
| European property deals seen up 20-30 pct in 2010 21/03/2010 | Reuters * 24.6 bln euros transacted in 2009 4th quarter - report* Report cites credit market thaw, stabilising prices CANNES, France, March 15 (Reuters) - European real estate transaction volumes could rise as much as 30 percent to around 90 billion euros ($124 billion) this year as credit markets thaw and prices stablise, according to a report by broker Jones Lang LaSalle (JLL.N). Appetite for commerc [ ... ] |
| Germany calls for eurozone stability fund 07/03/2010 | Press TV 
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| House Hunting in ... Hungary 23/02/2010 | New York Times  International Real Estate House Hunting in ... Hungary |
| UAE real estate to benefit from UK tax hike 21/02/2010 | Al Bawaba  Real estate professionals in Dubai are waiting for a potential exodus of UK residents desperate to escape UK Prime Minister Gordon Brown’s new 50% tax rate for individuals earning over £150,000 (AED 900,000) which will come in to force in April 2010 affecting tens of thousands of UK professionals. “Under the new UK tax rules, somebody with a personal income in excess of £200 [ ... ] |
| London Leads Office Property Recovery Among Financial Centers 16/02/2010 | Bloomberg  |