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Statistics |
| Unique Visitors: 12 |
| Total Unique Visitors: 127228 |
| Visitors Out: 3163 |
| Total Visitors Out: 3171 |
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| In Umbria it's easier to buy into the high life |
| 2008-05-14 03:59:00 |
At first glance there may not seem to be much difference between the rolling hills of southern Tuscany and their counterparts across the border in Umbria. The medieval villages in each region are remarkably similar, with stunning ancient churches and castles. But differences there are. In Tuscany, those hills roll down to the wonderful coast, and the less than wonderful tourist crowds. Umbria is quieter but the property prices are also much lower.Compared with Chiantishire, Umbria hasn't had anything like the boom in tourism. There are reasons for this: Umbria is land-locked while Tuscany has Florence, Siena and Pisa. Yet among the piazzas and palazzos of Umbria's historic and beautiful capital, Perugia, you'll find all manner of cultural and artistic treasures. And the countryside has all the attractions of peaceful rural living.
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| Italy recommended to property buyers |
| 2008-05-09 19:17:00 |
Foreign property buyers from the UK have been encouraged to look at the Italian market.The European country was flagged up as a possible option by the Independent, in particular Tuscany and Umbria.According to the media outlet, both areas offer attractions such as medieval villages with "stunning" architecture, as well as good scenery and countryside.
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| Anxiety in Italy over family finances |
| 2008-05-03 02:00:00 |
The country's two main warring coalitions both ran in this month's elections on platforms promising to lighten the financial burden of average Italians. Proposals ranged from eliminating unpopular real estate taxes, subsidizing dental care or even giving free books to the poor. Only when the new government takes office next month will Italians see which promises are kept.If the future is a distressing question mark, the Roman couple, like many Italians, blame the rising feeling of precariousness on at least one major event rooted in the recent past: the introduction of the euro as legal tender in 2002.
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| Living La Dolce Vita |
| 2008-04-29 02:23:00 |
The Pirries have been guided in their search for a home by a UK-registered sustainable tourism company called Tricali. Set up in 2005, the company specialises in renovating and selling traditional properties that have fallen into disrepair, acting as a buffer between Italian sellers and overseas buyers. Once a house is legally signed over, it is renovated and furnished with rustic-style furniture, the cost of which is incorporated into the sale price.The initial project was in Calitri in Campania but for the last 18 months the company has been selling properties in the Borghi Nascosti villages - half a dozen medieval settlements in Abruzzo which include Fossa - and the town of Irsina in the region of Basilicata. To make itself accessible to British buyers, Tricali operates through agents i...
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| Property Values rise on Rome's Outskirts |
| 2008-04-24 17:46:00 |
If, on the other hand, you are looking for a real bargain, one option is to look in Rome’s so-called ‘ethnic neighbourhoods’ where prices have been slack recently. A recent report in Italian daily Il Sole 24 Ore points out that Italy’s growing number of foreigners is also one of its fastest growing groups of new home-owners. Yet, despite the growth in demand prices are fairly steady because the areas in question tend to be more depressed neighbourhoods on major city outskirts, or even in the surrounding provinces.
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| Tassido Coda development on Lake Scanno |
| 2008-04-21 03:52:00 |
Buying a second home is almost like choosing a husband or wife. At least, that's according to Lucio Forgione of Overseas Homesearch, the company behind residenza Tassido Coda. It's a new development, which sits next to Lake Scanno in the Abruzzo region of Italy, a 90-minute drive east of Rome -- 120 minutes, if you don't drive like an Italian.Lucio believes that, much like when choosing a partner, a potential buyer looks for specific qualities in an investment property. And he has no doubt whatsoever that the 70 properties for sale in Residenza Tassido Coda, which include studios, one-, two- and three-bedroom duplexes, offer an unique opportunity for those looking for a discerning investment in an unspoilt region of Italy.
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| Hopes that new construction orders would follow Silvio Berlusconi's election as prime minister |
| 2008-04-17 04:55:00 |
Italian real estate - Shares in the largest Italian builder, Impregilo, closed 4.6 percent higher even as the DJ Stoxx index of European construction companies fell.Impregilo had headed a consortium to build the Sicily bridge under Berlusconi's previous government, from 2001 to 2006, but the outgoing center-left government scrapped the plan.Among toll-road operators, Autostrada Torino Milano added 2.7 percent and Atlantia climbed 6.1 percent.
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| Italy's Pirelli RE delays business plan to H2 |
| 2008-04-14 09:49:00 |
Chief Executive Carlo Puri Neri said turmoil stemming from the financial markets' crisis made forecasting difficult. Release of the 2008-2010 plan had been scheduled for May 8.Shares in Pirelli RE fell after the announcement. They were off 4.19 percent at 22.88 euros at 1113 GMT."We're working on the three-year plan, but we are also trying to understand how the crisis is turning out. We will present it in the second half of the year," he told shareholders.
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| Hit by real estate downturn, Risanamento seeks loan |
| 2008-04-10 16:07:00 |
MILAN (Reuters) - Italian Estate">real estate company Risanamento (RN.MI: Quote, Profile, Research) said its 2007 loss widened more than tenfold as the property market worsened, forcing it to obtain a loan from banks and try to sell assets.The net loss totalled 91.7 million euros ($144.5 million), compared to net loss 8.7 million euros in 2006, the company said in a statement late on Friday."The changed market scenario, in addition to having strongly influenced the results, caused a situation of financial tension," Risanamento said.
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| Italian tax planning benefits for home owners |
| 2008-04-04 16:32:00 |
“There are excellent ways of making your money go further if you invest in Italy”, says Linda Travella of Casa Travella, experts in selling homes in Italy for over 20 years.“When people look to buy abroad they very rarely take into consideration such matters as Capital Gains Tax and Inheritance Tax, but they should, as it can make an enormous difference to the end value of their investment”.Take Capital Gains Tax in Italy; after five years there isn’t any! This is a fact not widely known, yet if you are investing in a property for your future, this can have a radical impact on the monies you receive at the end of your term of property investment.
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| Private buyers reap the rewards in Italy |
| 2008-04-01 15:21:00 |
Non-professional investors who are looking for a holiday home that they will enjoy for at least five years, or a permanent residence, are undoubtedly the winners in the Italian property market. New tax laws now favour this sector of the market with dramatic tax benefits. Purchase costs in Italy used to be as high as 15-17%, but new rulings mean that this figure can decrease to approx 4% - 5%, which is a huge gain in some cases.Furthermore, after five years of property ownership owners, even holiday home owners, are exempt from capital gains tax in Italy. Capital gains tax stood at 12% but under new rulings this has been raised to 20%, so long term investors seeking stability gain considerably. This coupled with inheritance tax only on high value properties and still significantly lower than that of UK death duties, is also a big factor to mature individuals looking to invest here.
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| Italy tipped to attract investors |
| 2008-03-30 03:06:00 |
Property in Italy could be set to see a renewed surge of interest from foreign buyers, experts have suggested.Although the market has remained consistently popular over the years, ShelterOffshore.com believes that has recently been "flagging" as a result of high purchase costs.According to the website, charges have been as much as a fifth of the asking price at times, making the overall cost of buying an Italian property too much for many prospective investors.
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| Hungarian police reveal Italian real-estate scam |
| 2008-03-26 06:10:00 |
Hungarian police have revealed a billion-forint international scam involving two Italians and their companies based in Hungary, a police spokesperson said on Friday.An Italian buyer agreed with a U.S.-based off-shore company in 2006 to pay 27 million euros for an industrial property near Milan and was planning to transfer the purchase price through a Hungarian intermediary company in order to avoid delays resulting from Italian regulations.
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| Need for a real estate authors from italy |
| 2008-03-23 18:59:00 |
Hi guys, its Tam Tree, hope you like the Italy Estate">real estate news blog.I need real estate authors from italy to help me coverage the areas of Sicily, Tuscany and Venice .Please send email if you like to participated in this effort. Thanks a lot !tamtree@gmail.com
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| Assicurazioni Generali SpA said its excess capital at the end of 2007 was 3.2 bln eur. |
| 2008-03-20 17:37:00 |
n slides presenting the group's 2007 results, Generali said it has real estate assets worth 22.93 bln eur, with 40 pct of the portfolio being in Italy.The company said its exposure to structured finance, net of policyholders' participation, is 1.481 bln eur compared to an overall group investment portfolio of 285.9 bln eur.Generali said it has no exposure to US subprime assets and negligible exposure to US monoline insurers.
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| Tax changes will boost Italian property |
| 2008-03-18 15:24:00 |
Recent changes in Italian tax laws will benefit some property investors, it has been claimed.Fly-2let.co.uk reports that non-professional investors who wish to buy a holiday home in Italy and rent it out for a period each year will be able to take advantage of a lower rate of tax.The website explains that duty charged on such property purchases can now be as low as four per cent, whereas previously it could be as high as 17 per cent.
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| Italy emerges as top investment hotspot |
| 2008-03-14 22:57:00 |
Italy has been named as the most sought after overseas investment hotspot for Britons seeking property abroad.According to theMoveChannel.com, the international property portal, the country emerged as the most enquired after location during February, taking 8.5% of all searches.The statistics also reveal that Spain came in second as the prime destination for Britons looking for property abroad, having overtaken France which was toppled from first place.
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| Pirelli Italy real estate may sell non-performing loan business |
| 2008-03-11 17:24:00 |
MILAN (Thomson Financial) - Pirelli & C Italy Estate">Real Estate SpA may sell its non-performing loan business, the daily Il Sole 24 Ore said on Saturday without giving a source.The move could be outlined in a business plan its parent company Pirelli & C SpA is scheduled to present mid-May, it added.Pirelli RE has previously said it will present its three-year 2008-2010 business plan on May 8, along with first-quarter results.The daily said Pirelli is expected to announce next week the buyback for 840-850 mln eur a 38.9 pct stake in its tyre unit from a group of banks.
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| Cushman & Wakefield named best real estate company in Italy |
| 2008-03-10 04:51:00 |
Cushman & Wakefield, one of the world's largest commercial Estate">real estate service firms, won the "Mattone d'oro" award (the Golden Brick) as the best real estate consultancy company. The prize was awarded in Milan during the Gala Dinner for the "Ballo del Mattone", the most important Italian real estate event, organized by the monthly magazine RE Real Estate.Cushman & Wakefield surpassed CB Richard Ellis, Pirelli & Co Real Estate Facility Management SpA and Reag Real Estate Advisory Group SpA, with over thirty per cent of votes from the guests during the event.
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| Campione d’Italia |
| 2008-03-08 03:15:00 |
"Commune di Campione," as the Italians call it, on the shores of beautiful Lake Lugano, is unique; a little plot of Italian soil, completely surrounded by Swiss territory. There are no border controls and complete freedom of travel.Campione is a pleasant place to live, located in the heart of one of the best Swiss and nearby Italian real estate and tourist areas. The region boasts lakes, winter sports, and the cultural activities of Milan, Italy, only a hour away by auto.All that’s needed to become an official resident is to rent or buy property here, although formal registration is required. However living here is very expensive; a very small townhouse may cost US$750,000 or more. Foreigners can buy real estate without restrictions, unlike in Switzerland. But real estate prices are well
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| Italian Real Estate: È Bello! |
| 2008-03-04 05:01:00 |
“Italy's exquisite cultural patrimony, evocative countryside and ‘made in Italy’ craftsmanship all combine to preserve the value of Italian real property,” Donald J. Carroll, Esq.—special counsel to and member of Pirola Pennuto Zei & Associati in Rome and vice co-chair of the ABA Committee on International Investment in Estate">Real Estate—said in an e-mail interview.The flourishing tourist industry in Italy provides a strong potential rental market for investors looking to buy overseas. In 2006, Italy ranked fifth on the World Tourism Organization’s list of top tourist destinations, with 41.1 million international arrivals. Southern Italy, in particular, has been of great interest to vacationers. Homes and apar
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| A Starter House in Italy |
| 2008-03-01 03:12:00 |
The recent trulli boom is partly a continuation of the foreign-fueled real-estate speculation that began in Tuscany several decades ago, where so many British began buying second homes that it was given the nickname Chiantishire. As the values of country homes in Tuscany soared, the more adventurous wandered into nearby regions such as Umbria, and then farther south to the Marche and Abruzzo, buying up abandoned farmhouses or run-down villas. Puglia is the end of the line.In Puglia, at the heel of the Italian boot, a centuries-old architectural peculiarity has turned into an unlikely real-estate boom.
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| Tourist trade could make buying property in Italy worthwhile |
| 2008-02-28 00:23:00 |
“After 10 years of significant run-up in prices in major markets and sought-after country properties, prices now have leveled,†according to Carroll. Properties in both rural and urban areas can prove profitable, though Property-Abroad.com states that properties in rural regions of Italy have been especially popular in recent years.Apartments are a popular choice when purchasing property in one of the larger cities, such as Rome or Milan. Apartments in areas such as Sardinia, Venice, Sicily, Milan and Florence are all popular Italian real estate among foreign investors, according to Property-Abroad.com. For those looking to cash in on the tourist industry, Carroll said that a
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| Almost 80 per cent of households in Italy own their property |
| 2008-02-25 02:37:00 |
While we are on the subject, let's lay to rest a few myths. The first is that Britain has a high level of home-ownership while the majority of our European neighbours are content to rent. Almost 80 per cent of households in Spain and Italy own their property. The shares in France and Germany are hardly low at about 63 per cent and 43 per cent respectively.The second is that buying always makes more sense economically than renting. In many parts of the country, it is cheaper to rent than to buy, certainly over a two- to five-year period. Simply put, it is quite easy to find a property where the monthly rent is less than the mortgage interest.
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| Italy offers to subsidise 30% of direct UAE investments |
| 2008-02-23 09:12:00 |
The Italians offered 15 tourism-related and five logistics investments. They were speaking to representatives of top Abu Dhabi companies Mub-adala Development, Sorouh Real Estate, Aldar Properties, National Bank of Abu Dhabi, Abu Dhabi National Energy and First Gulf Bank.The projects include commercial and cruise ports in the north and south of Italy.
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| Italian real estate company Beni Stabili |
| 2008-02-20 03:43:00 |
"We invested in Beni Stabili to create value, not to lose it," the Italian company's chairman Cristophe Kullmann told an analysts' presentation."We had until April 30 to decide, but we have recognised that we cannot do it in 2008. We'll see what the market conditions are at the end of the year to decide on 2009," Kullmann added.
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| Rural Italy Proves Itself on the Property Investment Market |
| 2008-02-17 16:47:00 |
Bevagna is a largely unrealised rural area of Italy and hosts massive development potential, especially in light of the fact that such opportunities are becoming increasingly popular, particularly for British investors. With its close proximity to the nearest beach, investments in the area are surely going to prove financially rewarding. Italy’s government provide special incentives for potential foreign buyers and reduced restrictions have certainly encouraged investment. Whether its financial or recreational reward you’re looking for, San petro offers an abundance of either for any investor.
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| MORTGAGE DEMAND DROPPED IN LATE 2007 |
| 2008-02-14 17:23:00 |
Mortgage demand from families wanting to buy houses dropped in the fourth quarter of 2007. This was reported by the ECB in its monthly bulletin, referring to a survey on banking credit in the euro zone by the Eurosystem in which a stiffening up of criteria for granting families loans was seen. "Over the past three months banks have signaled that criteria for granting loans to families have become even more rigid (21pct from 12pct in the previous survey)." This situation reflects the "deterioration of conditions on financial markets and the drop, compared with the previous quarter, both in expectations for general economic activity and market prospects for residential real estate."
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| Pirelli acquires 1 pct of shares in Pirelli real estate |
| 2008-02-12 02:41:00 |
Pirelli & C SpA has acquired 10.8 mln eur of shares in its unit Pirelli & C Estate">Real Estate SpA on the market, equivalent to about 1 pct, said Pirelli RE.According to stock market regulator Consob, Pirelli already controls 55.1 pct of Pirelli RE, including Pirelli RE's own share stake of 2.7 pct.
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| Intesa Sanpaolo Plans to List Real Estate Fund |
| 2008-02-08 10:20:00 |
Intesa Sanpaolo, Italy's biggest retail bank with about 6,100 branches, said the Estate">real estate fund held 285 buildings totaling 471,500 square meters. Many of them are used by retail bank branches, most in central Rome and Milan.SIIQs, the Italian version of real estate investment trusts, are an innovation in the country and have tax advantages for investors.
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| GIC and ING in $593m Italian retail property buy |
| 2008-02-05 17:43:00 |
GIC Real Estate, the property arm of the Government of Singapore, said on Tuesday they bought the Roma Est Shopping Centre for 400 million euros ($592.5 million) in Italy's record single-asset retail property deal.Each party has bought a 50 percent stake in the property from Italian food-retailing leader Gruppo PAM.
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| Pirelli RE to bid for real estate funds |
| 2008-02-02 17:32:00 |
According to the daily, UniCredit's objective is not to sell the funds controlled by Pioneer but to find a partner with whom to develop and grow the Estate">real estate business.UniCredit will retain a minority share in the asset management company that will take over the funds with a stake that will be defined when the closing of the deal is made, the daily said.
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| Gemina's Rome airport's 1.6 bln |
| 2008-01-31 05:06:00 |
A source at the airport said investments are going ahead this year, with works already underway continuing. Previously, AdR has said it is investing 150 mln eur in expansion of Rome airports.The Il Sole report said the plans include divestment of duty free retail by June this year and maintenance operations by end-2008.
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| Period apartments Tuscany |
| 2008-01-28 01:02:00 |
Tuscany is one of the most popular locations in the world for British emigration, this too gives another rental opportunity from family members wanting to go out and spend time with their ex-pat relatives. But it is also testament to the many wonderful sights and charming characteristics that Tuscany is world renowned for:Italy is famous for fine wine and fast cars, but Tuscany's abundance of nothing but period style property gives it a charm all of its own. Its Mediterranean climate and world class beaches are also attractions to tourists and property investors from around the world.
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| History, geography - and value |
| 2008-01-21 02:53:00 |
The coastal hinterland is less well known and less expensive. Venture a few kilometres inland from Pesaro and Fano and you find an astonishingly unspoilt landscape. Forests rise on the slopes of the Appenines looking more akin to Tuscany or Umbria but with the added bonus of the sea a short drive away.And for buyers seeking a classic Italian farmhouse, or casolare , there are still bargains to be had. About €100,000 will buy a 100 sq metre unrenovated stone farmhouse with panoramic views about 20 minutes from the sea. Compare that to Tuscany, where one-bedroom apartments in renovated farm complexes sell for between €150,000 and €160,000.
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| Bank of Italy sees big risks to euro zone growth |
| 2008-01-19 00:49:00 |
"It is possible that new difficulties on financial and real estate markets, particularly in the United States, lead to a steeper than expected slowdown in many economies, which would be reflected in a marked slowdown in world demand," the BOI said.It noted the ECB's staff forecasts in December anticipated that "world demand would even show a slight acceleration".
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| Italy chases Spain as the favourite country for investment |
| 2008-01-16 02:19:00 |
Recent figures from Foreign Currency Direct property portal, show that overall enquiries from November for Italy were 19% of the total market with only Spain more at 27%.Continued Linda,†There has been an initial surge of interest in the emerging markets of Eastern Europe but this tends to lead to speculation buying and with it comes inherent risks. Interestingly, figures show that the market has now turned on its head and reverted back to investors looking for established countries such as Italy where there is a track record of capital growth and rental returns.
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| Bonyan sets up $10m yacht factory in Italy |
| 2008-01-12 17:23:00 |
DUBAI — Bonyan International Investment Group, which mainly develops real-estate projects, will build a Dh36.7-million ($10 million) factory in the Marche region of Italy to manufacture yachts for clients across the Gulf region.Due for construction next month and completion this year, the facility will complement Bonyan's two-year-old yacht-making factory in Egypt, according to Abdulla Atatreh, chairman of Bonyan. Already, Bonyan has book-orders for 10 yachts worth Dh55.1 million ($15 million) due for delivery between the fourth-quarter of this year and the first-quarter of 2009.
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| RREEF pays E100m for Milan office block |
| 2008-01-07 09:29:00 |
he 153,500 sq ft office block in the historic business district of Milan was bought from Patrimonio Uffici, a fund managed by Pirelli & C. Real Estate Opportunities.The building, on Via Meravigli near the city’s historic Duoma and Sforzesco Castle, is currently occupied by offices and seven retail shops.Gianluca Muzzi, co-head of RREEF Italy, said the company had invested because of the strong office market in Italy.
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