It's official: Italian real estate sales and lending are on the up

TROPEA, Italy - April 30, 2015 - PRLog -- Many sources across the Italian mediascape have reported and commented on the latest ISTAT (Italian government statistical office) conclusions which indicate that in 2014 real estate transactions and lending were on the up.

Nearly 600.000 homes changed owner in 2014, an increase of 1.6% distributed equally nationwide with exception for the islands (Sicily and Sardegna) which saw a slight decline, and large cities which saw a stronger growth of 2.9%. The biggest increase was in the fourth quarter of 2014, 4.9%.

As for mortgages, a clear sign has been given by the banks that they are open to lending and there has been an increase of 9.2% in lending across the country with a peak in the south (+13.6%).

Also the Selective Italy associated lenders are again helping fund property purchases to international buyers from UK, US and the Euro area. These mortgages are offered all over Italy (subject to conditions and acceptance) over 50% of the purchase price for completed property (LTV) or 75% over the value for restoration projects. A typical mortgage would run for up to 30 years with a Euribor 3M tracking interest rate with a 2.3% spread, but many other solutions are possible on request.

The Euribor 3M is now below 0%, the Euro weak compared to other currencies and the market appears to have bottomed out it but prices are still low, it must clearly be a good time to invest in property in Italy.

Selective Italy (https://selectiveitaly.com/) is well placed to be your next point of contact as the company is focused since 2004 on helping international buyers find their their own slice of beauty and help out with all aspects of a property purchase in Italy.

You could be sitting in your semi detached villa in the sun for GBP 115.000 or an apartment in Tropea from GBP 45.000. Take advantage of the weak euro now and explore your options in Italy today.