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Coalition Positive or Negative for Italian property Market? - 12 May 2010

Linda Travella of Casa Travella has seen a significant increase in Italian property enquiries in the weeks leading to the election.

Linda says ‘I was not surprised as the £ became stronger and was at a 10 month high against the € until last Thursday, even if now it is weaker, it is still higher than in the first quarter of this year.’

A coalition government does not necessarily mean weakness. Germany has had a coalition in the majority of years since the Second World War and has always been looked upon as having a stable economy. Their current government includes the Liberals.

Entrepreneur James Caan, commented on Election night that he did not see a ‘hung parliament’ as being as negative as is currently being suggested, as long as the leaders form a government in the first few days after the results.

The new agreement, to help Greece, by the EU and IMF will also bring further stability to the markets.

It is an excellent time to buy a property in Italy as prices have ‘bottomed out’. My prediction, after 23 years in the Italian property market, is that it is unlikely that prices will drop further.

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