Overseas property news - Italy property prices could fall

Italy property prices could fall

Anyone thinking of buying a home in Italy should keep a close eye on the country’s weakening economy which is having a negative impact on consumer confidence and in turn could cause property prices to fall.

The financial markets in Italy have already nosedived on the back of the eurozone debt crisis and property prices could follow suit.

The prospect of potentially cheaper property values would undoubtedly appeal to many Brits thinking of buying a holiday home in Italy.

The Italian parliament rushed through a multi-billion pound austerity late last week to help the country’s mounting debt crisis.

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