Foreigners are actively buying real estate in Italy

In 2012, in Italy, the number of transactions in the secondary real estate, foreign prisoners has increased by 14%, and the total amount committed by foreign property purchases by investors during this period amounted to EUR 2.1 billion, according to the online source of The Move Channel referring to data Scenari Immobiliari research center. The most active buyers in the Italian real estate market among foreigners become Germans, who signed for about 40% of transactions British citizens carried out 18% of transactions, and the Russians - 13%. The average cost of the purchase by foreigners in 2012 was 500 000 euros. According to the source, housing prices in Italy will be reduced by approximately 12% in 2013 compared to 2008, when the country's real estate market was marked peak. HomesOverseas.ru