According to CercaCasa.it, Italy’s luxury real estate market is doing extremely well, especially in the most desirable regions of the country. This counters recent reports on the decline of real estate market in Italy.
Reports indicate that the factor which attracts buyers from outside of Europe, or has provoked interest in the real estate market of the continent is the decline of the Euro in the first half of 2012.
CercaCasa.it shows that real estate searches by non-Europe citizens appears to put Sardinia on top and Venice as second. On average, according to reports from January-August, searches properties in Italy increased by 25%. The most active buyers are from: the US, Belgium, UK, Russia and the Netherlands. The properties these buyers are most interested in are priced at an average of 3.8 million Euros, and more.
Meanwhile, for potential foreign investors, their most sought after regions are Tuscany and Umbria. The website also shows that searches in these areas related to homes pricing from more than five million Euros round up to 84%. Chianti and Val d’Orcia are also locations attracting investors.
Italy's residential market has declined approximately 30% in mid-2012, however its luxury property market is holding strong and appears promising, even though it has fallen in other parts of Europe.
CercaCasa.it's listings are easy to browse, packed with valuable and detailed information about properties which users interested in; proof that the site is a great source for property hunters, is the fact that the site has experienced an increase of 137% website traffic in just 20 days.