Villas for sale in Italy, property for sale Italy, Italian real estate, farmhouses land for sale Italy

Demand for international property intensifies

A selection of properties to buy in Cilento, Italy

According to latest data, the number of international property searches conducted by UK-based property hunters has leapt by almost seven times in just 12 months. In fact, the number of international property searches reached 1.2 million in May 2007 alone, a 678% annual increase.

Indeed, Britain's love affair with international property shows no signs of abating, with the number of UK residents owning a property abroad doubling within the last ten years. Mintel estimates that around 800,000 British homeowners now own an additional property overseas.

Italian property now financially ''more interesting''

Italian property has become a more attractive financial proposition since the abolition of inheritance tax in the country, one expert has emphasised.

Eddie Crompton, director of RealPoint Property, explained that property in Italy has always had a lot to recommend it.

He pointed out that the country has "always been popular" with Britons - who benefit from a range of factors including the strong sense of community, the healthy Mediterranean diet and the good weather.

Inheritance tax was abolished in Italy in October 2001. Since then, the financial incentives to buy property in Italy have also increased, particularly for the older generation.

Mr Crompton said: "Since the law changed in terms of the inheritance tax, it''s [become] a lot more interesting for people who are looking at the financial angle as well."

He explained that "if you''ve got any money that you want to hand down to your children, it''s not penalised as it is in this country… once you get to a certain age you start planning for these things".

Investing in Italian property, Mr Crompton concluded, means "you get more for your money and you can enjoy a simpler and longer life, really".

Have you considered The Cilento?

The Cilento is a UNESCO designated World Heritage Site and a Man & Biosphere Reserve (MaB)

Opportunity to acquire interesting renovation project

Perdifumo, Near sea
Type Stone building
Area 170 sq.m
Land 1000 sq.m
Aspect hills/mountains
Price € 75,000

Castellabate, Near sea
Type Farmhouse
Area 300 sq.m
Land 10,000 sq.m
Aspect hills/sea view
Price € 220,000

Villas, apartments, land and farmhouses for sale throughout coastal and inland areas of the South of Italy, we are sure you will find your ideal home or retreat

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