By ForeignPropertyBuyer on Friday, June 26, 2009Filed Under: Italy
Venice is one of the most beautiful of the Italian cities and is unique in that it stretches across 118 small islands in the marshy Veneitan Lagoon. Famed for it’s beauty, many of the property owners in Venice are very wealthy and the best-positioned, most beautiful homes will usually have price tags with eight-figures on them.
However for property investors who wish to invest in property in Venice, Italy, it is possible to buy Venetian property for a lot less money. Read more... (528 words, estimated 2:07 mins reading time)
Elderly Italian property owners are increasingly turning to a form of property sale known as a ‘nude sale’ to help them through the worst recession since 1975.
Nude sales are when an elderly person sells their family home, normally to a stranger and at a significant discount, on the condition that they are permitted to live in the property until they die. The purchaser also normally pays cash for the property. These sorts of property sales are known as ‘nude sales’ because the property owner is totally stripped of ownership of the house. Read more... (414 words, estimated 1:39 mins reading time)