VIPs are once again buying houses in Italy, thanks to the weak euro

The number of VIPs, movie, TV and music stars that have recently bought property in Italy is not quite that high. Yet, their purchases ended under media spotlight and have helped advertise the prestige of the unique houses available in Italy.
A weak euro with respect to the dollar is the main help to the Italian real estate market.

The reason is that if on the one hand Russians in search for vacation houses in Italy are less and less, on the other Chinese and Asian interest is on the rise. “The most important element of this game is certainly that of a weakening euro against the dollar,” Alessandro Ghisolfi, director of the research unit, the first Italian portal dedicated to real estate research, said. read more.

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