30 Oct '13, 2am

Been warning for ages…#EuropeBubble #HotAsianMoney #GlobalREBubble 'Foreign Investors Flock To Italy' @SGPropertyGuru

Italy is becoming an increasingly attractive destination to foreign real estate investors, according to latest figures released by Real Capital Analytics Inc. The data shows that foreign investment in Italian commercial real estate totalled €2.75 billion between January and early October this year, representing around 79 percent of all commercial real estate transactions. With the recent news that Italy is planning to sell 50 historic buildings with a view to raising £425 million in revenue for the government, the country is expected to attract even more interest from overseas over the coming months. The sites for sale include a cardinal's palace, a castle near Rome and an island in the Venetian lagoon. Italy expects that many of the historic buildings will be purchased by private businesses and investors, with a view to converting them into museums, restaurants and hotels...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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