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Sunday, March 27, 2005

Italian Vacation Rental Prices Falling

Italian Vacation Rentals announces that for the first time in two decades, prices of Italian vacation rental properties are beginning to level off or decline. In a market that is accustomed to large seasonal increases, this is good news for cost-conscious travelers but not such good new for those looking to make rental yeilds pay for their investment.

Through the past two decades, the selection of fine quality vacation rentals has grown due to the availability of suitable villas and farmhouses throughout the country. But because of the even greater demand through online rental companies, the prices have risen quickly throughout the 1990s and the early part of this decade.

There are signs that this trend is now beginning to change. It may be too soon to declare that the inventory has outgrown the demand, but this choice selection of comfortable accommodations is becoming a bit more of a buyer’s market instead of the other way around.

“There is no question that Americans are now returning to all parts of Europe following the hard times of the past few years,” said Jim Broyles, Vice President of Gira! Italian Vacation Rentals.

“Italy is popular for a multitude of reasons, and we are delighted to see so many Americans planning trips there for anything from honeymoons to family reunions. There are more multi-week trips being planned, and they are booking accommodations in a broad range of prices,” he continued.

However, this alone is not sufficient to affect the prices of villas because there are other trends apart from this that are leaving some vacation properties with significant vacancy rates through the busy seasons.

The most important of these trends has to do with the European economy itself, which has stalled in recent years. French and German summer travelers have traditionally made up a huge segment of Italy’s tourist market, and this client base has shrunk significantly in the past two years.

Because of this softening of demand, most villa owners and rental management companies have announced very moderate price increases for 2005, with some properties actually posting lower weekly rental prices. In Tuscany, where 10-20% year-to-year increases were very common, the average price change for 2005 is about 6%.

“Of course in the very popular areas such as the Cinque Terre, which is still being discovered by so many travelers, prices are moving higher a bit more quickly,” said Broyles. “Some luxury properties in other areas are in short supply and have moved up as well. But the good news is that cost-conscious travelers now have some very good opportunities in the middle price range, especially if they are willing to visit some regions off the beaten track. Umbria remains the best kept secret in Italy, and our Umbria Specialties Catalog is priced about where it was in 2004.”


For rentals in Italy visit Italy Rentals

Thursday, March 24, 2005

Eating your way through Emilia-Romagne

I found this article while browsing on Fodors.com It makes a good read. And for all those gastronomy enthusiasts out there, Emilia-Romange could be just the place to consider for that new holiday home ....

Emilia, Parma, Reggio Emilia, Modena, Bologna

Gourmets the world over claim that Emilia-Romagna's greatest contribution to civilization has been gastronomical. It's hard to disagree after your first bite into the silkiest prosciutto in the world or the most subtly delectable homemade tortellini you've ever tasted.
Emilia (the western half of the region) is better known for its food than Romagna, its Adriatic neighbor. As such, this food tour, which lasts 7-11 days, focuses on Emilia, taking you along the Autostrada del Sole highway (A1). Or, if you prefer, you can take the ancient Roman road, the Via Emilia, a more scenic road that runs parallel to the Autostrada, past flat, foggy plains, giant food factories, and crumbling farmhouses. The tour's capital, so to speak, is its last stop, Bologna, one of the true food capitals of the world......

Read on at this link

Sample Trulli for Sale


A Trulli for sale €90,000 Posted by Hello

For those who are not familiar with the Trulli, I've posted this one for sale with Apulia.co.uk

A Trulli in Puglia?

Puglia really has something different to offer in terms of architecture in the charming Trulli. Trulli are circular, conical-roofed white-washed houses built of stone without any use of mortar and are becoming very popular with buyers looking for affordable holiday homes in Italy. The Trulli really is an architectural anomaly with pinnacle roofs often painted with astrological or religious symbols. There is some uncertainty about thier origins but the concentration of Trulli houses is in and around Alberobello.

Below are links to some agents who have Trulli to offer:

Apulia.co.uk
Athomeinpuglia

Tuesday, March 22, 2005

Free Legal Information on Buying a House in Italy

As promised, though a little late, I'm posting a link to a free publication outlining the best way to approach the legal aspects of buying a property. It's a quality publication that could spare you the fatal mistakes that many foregin buyers in Italy encounter.

You'll can download it here or by going to the propertyauthors website . Enjoy!

Friday, March 18, 2005

Bargain Property in Veneto Region of Italy


Absolute Bargain! Posted by Hello

This has to be one of the best renovation bargain properties on the market in Italy. For €150,000 you get five different rustic houses to restore and 10,000 sq. m. of land. It's set in beutiful Barbona, south of the Euganean Hills. It's a dream property for anybody looking for to a way into the holiday rentals market. Though there's no denying it would take oodles of money to restore! Nevertheless, for those who have the vision, this is one that's well worth taking time out to see! You can view more photos of the property
here at the propertiesinitaly website. Though I expect this one will go quickly!

Tuesday, March 15, 2005

Legal Overview on Buying Property in Italy

Good news! PropertyAuthors has just finished putting together a specialist article overviewing the legal aspects of buying an Italian property. It's a worthwhile read for anybody thinking about buying a home in Italy. You'll find in depth information in it that most estate agents don't like to tell you about. I'll post the link tomorrow for those interested in getting thier hands on a copy.

Until then!

Saturday, March 12, 2005

Don't buy yourself into debt

A person buying an Italian property inherits any unpaid debts associated with that property. Property can be repossessed and sold by a lender or local authority to pay a debt. So it pays to have a good lawyer check out that there are no burdens with property or you may find your home being sold before you've even had a chance to live in it! Doesn't seem very fair but that's how it is. Just something to be aware of!

Finding a new career in the land of Dolce Vita

Falling in love with Italy is not difficult to do. Finding a job there as a newcomer to the country is, especially if you're not accustomed to the peculiarities of the Italian job market. You may have done your research and spent hours on the internet jotting down everything that could lead you that perfect job, but determination is not all you need to find a career in Italy. Many jobs in Italy come through networking, putting the word out that you're looking for employment. This will land you with something far quicker than sending out oodles of CV's to agencies or employers who may not even acknowledge receiving them [an Italian thing!].

Be prepared to take anything that comes along, for a short time anyway, even part-time work and think outside the box. What skills do you have, how can you employ them. Take a look at Joanna Parfitt's website. Her book A Career in Your Suitcase will give you truck loads of information and inspriration on finding a portable career. The most important thing to remember is that you are moving to a new life, in a new country, and you want a new lifestyle. Don't find yourself in the same rat race situation you left. Be inspired to be creative about your career in Italy.

Friday, March 11, 2005

Finding Legal Advice on buying a home in Italy

I stopped by europelaw.com recently, the website of John Howell & Co recently, a specialist overseas law firm. I was more than surprised by the amount of freely available information on the website, especially on topics that are difficult to come by such as making an Italian will! Not a happy thought I know when you're considering a new life abraod, but a very necessary and practical one for anybody thinking of relocating to Italy.

This site is information rich and well worth a visit if you want an overview of the legal aspects of buying a home in Italy.

About the Newsdesk

Hello everyone,
Property Newsdesk Italy is one of many newsdesks maintained by proeprtyauthors.com, a property investment e-publishing company. Here you are guaranteed to find the most up-to-date information on buying and investing in property in Italy. If anything shakes in the Italian propety market, you'll hear about it here. We've teamed with dozens of experts and agents throughout Italy to bring you quality content that will prove invaluable to your search for a dream home in Italy. We'll showcase lots of spectacular properties, bargain homes, renovation projects and feature reputable agents who have are working in Italian real estate finding homes for propety hunters every day!