Sincere best wishes to all who follow us at Onestone. We wish you a happy, healthy and prosperous New Year.
2018 should be an interesting year. We have already seen the property market in the major cities, in Italy, bottom this year. However, in the countryside it remains very much a buyers market, at least for now, but we expect this to change next year with properties in prime prime locations being sought after.
Italy, represents great value, at present, as the real estate market has fallen as much as 30% since asset deflation set in, in 2008. Ruins have fallen even further. Construction costs remain the same but materials have increased as suppliers are no longer willing to hold inventory and bear the cost of carry.
For those of you who are looking to create a legacy here, in Italy, we are willing and ready to accept a definitive brief, at no cost. If we fulfill the brief standard commission rates will apply.
We look forward to hearing from you.