Falling Euro and lowest house prices for years makes buying a home in Piedmont, Italy irresistible
There are several factors that are pushing the value of the Euro down and these are the hard facts. A property selling for €1.4m a month ago would have cost $1.59m or £1.16m. With the current exchange rate the same property now would set you back $1.25m or £1.03m. That’s a saving of approximately $330,000 or £129,000.
Economists are predicting it will fall even further but don’t wait to view! Find a property now and then wait, if you feel it’s worth the risk. Very few properties are coming onto the market as local people are being very shrewd and some non-Italians that live in countries that don’t have the Euro are taking their houses off the market until the Euro picks up value again. It means good houses are hard to find and what is on the market will sell quickly and you’ll miss the chance.
Contact us about properties that have or will be reduced in price.