Italy: Supply squeeze 'good news'

Published 06th May 2008

Italy’s housing supply problem is good news for investors, argues one expert…

According to Edward Crompton, Managing Director of Real Point Property, prices in the Italian market are set to experience an increase.

Mr Crompton explained: “Lack of supply is the reason for increasing property prices in Italy, particularly in central Tuscany and Florence.

"The thing is with Italy it is very difficult to find more development land. You can restore or build on the existing plots but there aren't that many. Once you have sold those and restored them, that's your housing stock supply at an end."

"Another positive development on the horizon is the impending opening of Viterbo airport in the south of Tuscany, which will make the region a lot more accessible".

Source: ' Move Channel Ltd '

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