Now’s the time to buy luxury property in Italy!

Bloomberg this week (7 May 2013) reports a significant increase in foreign property buyers in Italy. It stated "Foreign investment in Italian holiday properties is rising as Germans, Britons and Russians take advantage of a market where locals are struggling to purchase even a first home."

Holiday home sales to foreign buyers rose 14 percent last year, a total spending of 2.1 billion euros.

And the new government? Well, the signs are very positive. They look likely to scrap the controversial property tax IMU, which is sure to help the property market. Paolo Righi, head of Italy’s FIAIP real estate federation said “Letta (Italy's new PM) has given a very positive signal for the property sector."

A real estate expert from the magazine Case e Ville said “This is a good time for foreigners to buy. Properties that cost 2.5 million euros have come down to 1.5 million euros due to taxes and the economic downturn. Prices can drop by as much as 30 percent during negotiations," she said.

Richard Edwards of Langhe Property (Piemonte Property) Italy
Property consultant

Richard Edwards

+39 346 1214077
richard@langhe.property

I was born in London with a family line from all over the place, including Italy. I've been married to Urszula for 25 years. We met purely by accident at the Berlin wall in 1990, six months after it came down. I established Piemonte Property 11 years ago, then, when Alex joined, we renamed our agency Langhe Property.

I've been working in local real estate since 2006, have a vast experience in the market and the area so can help you with every twist and turn.

We will take you viewing and will help you with whatever you need for your trip and beyond.

It's also my job to update the website, find and photograph houses and find solutions for you.

Interests: Cars and motorcycles and Vespas, visiting wine producers, playing guitar, travelling and walking our white Golden Retriever, George.

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