Italian property – 66% rise for a property investment in Italy.

Close Tresury report that property prices in Italy increased by 30% since 2005. Together with the rise in value of the euro against sterling in the same perio of 27% makes a combined increase in the value of italian property of nearly 66% for UK sterling property investors in Italy.

This 66% rise in value of property in Italy (based on a sterling investment portfolio) only applies if you bought a house in Italy without a sterling mortgage. If you took out a  mortgage in Italy in Euros to finance your italian property investment and managed to pay your monthly italian mortgage installments from your Euro rental  income in Italy then the calculation is still valid.

Mark Taylor, head of foreign exchange with Close Treasury said: ““Even though overseas property prices tend to have fallen in the last year, in many cases the fall in the value of Sterling will have offset this, and many people may still have seen the value of their homes increase in Sterling terms.”

If you are an italian property owner and wish to liquidate your earnings please contact MIPC to sell your property in Italy, we have clients whom wish to buy a house in Italy and we are currently looking for quality italian property.

Salemi Sicily

January 2010: Visit the new site dedicated to Salemi for recent information regarding the 1 euro property regeneration project in Sicily, Italy.

4/17/09 MIPC Discovering Salemi. Visit Salemi with MIPC and Discover Salemi

9th Feb 2009 : To see the latest news and read all the blogs specific to Salemi Sicily click the link to the right called “Salemi, Sicily Italy” >>>>>>>>>>>>>>>>>>…………………………>>>>>>>>>>>>>>

Apply for a FREE house in Sicily, Italy.

The recently appointed mayor, Vittorio Sgarbi, of Salemi under the guidance of his cultural executive, Oliviera Toscani have decided to bring back to life the historic centre of Salemi by giving away the houses.

The historic town centre which locals abandoned after an earthquake in 1968 is in need of drastic restoration. The mayor has decided that giving away the houses under the condition to restore them in accordance with local building regulations is the solution to regenerating the area.

International celebrities including the owner of Inter football club, Massimo Moretti , along with rumours of Peter Gabriel and Lucio Dalla are among some of the interested parties.

You too can become a part of this new celebrity hotspot and innovative regeneration project !!!

We will write a letter of interest on your behalf to the local council administration. It is not yet sure how the houses will be allocated, but the local council say that within a month further news on allocation will be divulged to those who have expressed an interest.

If you are allocated an Italian property the following conditions will apply ;

• Purchase the house from the council for a nominal fee, 1 Euro !!!.
• Restore the house according to local planning & building regulations.
• Use local Italian builders.
• Complete restoration within a 2 year deadline.
• Estimated budget of restoration is 1000 euros per square metre, in Sicily.
• MIPC will project manage the restoration of the Italian house on your behalf.

Salemi is 72km south west of Palermo and 35km south east of Marsala.

British Airways, Ryanair, easyJet and Air Malta all have direct flights to Sicily. Ryanair flies from Stansted to Palermo and less frequently from Luton and Birmingham to Trapani; EasyJet from Gatwick to Palermo.

With 12 months of sun and breathtaking views across the hills to the Mediterranean Sea, this is your chance to own an historic part of Sicily, Southern Italy and enjoy the Italian culture in your Italian holiday home.

To help reassure you that this is not a scam of any sort, I have personally spoke with the council of Salemi and this news has been documented both in The Times and The Guardian.

If you are interested please email David Moss for further details.

d.moss@mipc.co.uk

www.mipc.co.uk