Jul 27, 2012

House Hunting in Le Marche
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Le Marche offers the same charms and more tranquility than other better known Italian regions because, it has not yet been reached by mass tourism. This region is divided from the west coast by the Apennines mountains and from the sixteenth to the end of the nineteenth century was ruled by the Pope. The region keep beautifully preserved the many medieval towns.
The prices of Italian real estate here are more affordable and the landscape is still unspoiled.
In the past years, many British buyers have restored abandoned Italian farm houses with land but now house hunters are more interested in buying and restoring exquisite but neglected village houses that offer all the advantages of owing a property for Italian vacations but require only a limited amount of work and expenses.
Italian vendors are not normally under any pressure to sell their properties, which have often been in the same family for many generations. So prices often do not reflect what is happening in the real world outside of Italy and Le Marche and vendors will not reduce their asking prices to encourage a sale, and this coupled with a much lower number of client visits is producing a very property moribund market in many of the villages and towns. Prices of old properties in need of major restoration and rebuilding work have in many cases become detached from economic reality and in most cases will never find a buyer. Trying to convey this fact to many vendors is stiil a very time consuming and frustrating experience. One thing the Italian property market does have in common with the UK market is an oversupply of new build apartments, especially in coastal districts and in Le Marche, Pedaso, Marina di Altidona and many more small coastal resorts are suffering from an oversupply in these apartments. Developers are finding it hard to sell speculative new builds to both the local Italian population and also other Italian buyers from the major cities looking for summer holiday homes and who normally purchase the majority of these types of property.

See on www.marchebreaks.com

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Mariano Pallottini

I am what I do: Curation, Social Media Marketing, Triathlon, Travelling, Real Estate.
I am passionate about Le Marche Region in Italy, follow me to discover it.
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Mariano Pallottini

I am what I do: Curation, Social Media Marketing, Triathlon, Travelling, Real Estate. I am passionate about Le Marche Region in Italy, follow me to discover it.

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