Top ten bargain properties in Italy

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This four-storey house in Abruzzo, on the market for €149,000, is one of many attracting interest from foreign buyers. Photo: A Place In The Sun
19:11 CET+01:00
Property prices in Italy fell by almost 12 percent in 2012, triggering a rise in foreign investment as buyers take advantage of a market where locals are struggling to get on the property ladder. With the help of estate agents, The Local has drawn up a list of where the bargain properties are to be found.

Italy has always been popular with foreign buyers but it has traditionally been seen as one of the more expensive destinations for a European holiday home, Sarah Norman, marketing director for A Place in the Sun, a television series broadcast on the UK's Channel 4, tells The Local.  

Not anymore: house prices have been steadily declining since their 2008 peak, while a further fall of 1.3 percent is forecast for 2013, Norman says.

“Your cash is now stretching a lot further than it used to,” she adds. 

A four-bedroom house can be found from as little as €38,000, while more luxurious homes, complete with swimming pools, vineyards and period features, can be found for under €200,000.

Click here for a list of the bargain properties to be found across Italy, from a three-coned Trullo house in Puglia to an eighteenth century country house in Marche. 

John Dillon, an estate agent with RealPoint Property, says Puglia and Emilia-Romagna are among the most sought-after regions, while many foreigners are also flocking to Sicily and Calabria to snap up properties abandoned by locals heading north for work.

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A range of homes in Italy will be on show at the A Place in the Sun exhibition, which is taking place at Olympia London on 28th-30th March next year. Readers of The Local can receive free tickets to the show by clicking here.

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