22 Property price trends

I know a reputable agency in Apulia, their english website is [url]www.trulliforsale.com[/url]. They could give you a hand.
Vera

Thanks Veralynne, I am slightly dubious of companies who actually sell properties advising me of price rises, as they are not independent, I have been assured by many agents they prices are rising steeply but Puglia as most of the world prices fluctuate based on location, I am trying to ascertain if it is worth buying another property in Ceglie Messapica or should look at another area of Puglia.

Wanted to see if there was any area predicted to grow more than any other.

[quote=deanlad]Thanks Veralynne, I am slightly dubious of companies who actually sell properties advising me of price rises, as they are not independent, I have been assured by many agents they prices are rising steeply but Puglia as most of the world prices fluctuate based on location, I am trying to ascertain if it is worth buying another property in Ceglie Messapica or should look at another area of Puglia.

Wanted to see if there was any area predicted to grow more than any other.[/quote]

I would suggest that if there is a tourist board for your region (the whole of Puglia) that you contact them. They tend to have statistics of projected growth for the region, broken down into districts - its how they plan their marketing and development strategies. This information is normally available on request.

I have found very little info on official Tourist Boards for Puglia, but will try again, thanks.

I wish i spoke & read Italian better.

in regards to rises in property values ther was a program on tv here the other day talking about the inflation in these values...high.... and the prblem of first time buyers being able to afford them...ok yes milan...rome...etc etc....

however i was contacted by a web site last year.... they specialise in investment properties...mainly in spain and france.....they are moving now to the adraitic coast....why ....because investment per sq m gives a better return than either spain or france for high qauality residential coastal developments.....

i think you will find all talk of large value increase on any rural property here in the centre south of italy as just talk.... if you add value yes the price will go up but i think costs of renovation will even out and property prices will remain fixed at a steady 2 - 3 %

unless you buy coastal .... then they do rise but the initial investment is always that much more but the rental income is usually almost guaranteed and higher....

the other problem is tax ... like death unavoidable..... if you have one property in italy as your first home then if you buy another the tax rates will change.... here from 3 to 11% plus services supplied are also more expensive....different rates again for second homes.....and when you do sell there is also the tax on any perceived profit.....

i think apart from finding out firm info about price trends it might also be well worth while visiting a local accountant to check out the tax liabilities and the extra costs of being a second home owner in italy....

I thought that capital gains tax had been scrapped on property, or is this only on a first property??

Any property we plan to buy will be a full restoration job, that I then intend to rent out as a holiday let. Bringing in utilities & fully refurbishing, more than likely in the country rather than on the coast though (too expensive for me for what you get)

I thought that the estate agents saying prices are shifting really fast was all talk & never take the word of anyone trying to sell a property, that is why I am looking for some independent advise.

I thank you for your advise & the news about the shift to the Adriatic is both good & bad news, as I would like my house to be worth more from an investment front, but also I don't want the rural parts of Puglia spoilt with mass tourism investment, I like its sleepy atmosphere. But i suppose you can't have things both ways.

hi ,i read yuor intitial posting and successive replies.from which i have the impression that along the way one may be missing the point.The fact is there are internal areas of Puglia which are still de-populating, the country is currently going through what is begining to appear to be it's worst economic crisis since the war, certainly since the seventies.Whilst to some extent some may search for safety in investing in houses the fact is there won't be much investment at all.Predictably house prices will tend to just freeze up probably with the exception of those areas where the price of houses is driven by outside factors like brits buying in the countryside for example.A scenario of static house prices is not new in this country and ,with exceptions,there have been periods where prices have remained static for 5/6 years at a time(which may still be preferable to the british roller coaster on real estate prices.Personally, outside any appraisal from an impartial real estate agent familiar with the area i think it'll be a waste of time for you to look for indexes which do not exist or which are at best very approximate ,as it's not the uk here.

Thanks for your input James, however I haven't missed any point!

My original question was is there any sites i can look at the estimate housing prices for the 'last' 5 years in any given area. & hopefully a prediction of next 5 years. (which I am quite clear that no one has a crystal ball in these matters)

Housing prices per region are readily available in the UK for previous years & I am not looking for any one individuals opinion on house trends, but to look at current trends per region based on figures available.

What you seem to be telling me is that you do not know of any website in Italy do not infact have any companies or societies or organisations that have this information on a searchable website. That is fine.

I am only logging into this forum when flagged to a response & out of courtesy have responded to peoples kind suggestions, but I return you to my original question once more, & thank you for your input.

if anyone does know of a site with figures per region/city or town, then I would appreciate a link.

I was not expecting any site or advice to be my 'buying bible' & as I am aware of the Rental Markets in the area & current costs of purchase & renovation, it is simply for my own benefit & interest, but I don't even have any 'approximate indexes' so approx. is all I was actually hoping for anyway.

Thank you all for the advise & I have had a look at your kind advise. including the links given.

Perhaps the mortgage companies may be able to give you some idea. Both UniCredit (formerly Abbey National Italy) and Banca Woolwich have English speaking staff so they may be able to give you some indication re past house price activity and possibly future. As with UK based companies I am sure they must produce some sort of document re lending and the corresponding cost of properties. But then again, this is Italy!!!!

Good luck
Anne2

Some of the Italian home and style magazines include these kinds of tables as well as costs for building materials and labour. VILLE E CASALE is one, BRAVA CASA sometimes has this at the back too. I don't believe it can be accessed via a website. Local newspapers also run these kinds of articles regularly. Certainly IL SECOLO does for Liguria. It is possible to search and browse archive articles - but you may need to subscribe for this service.

Thanks for the advise, I will take a look next time i am back in Italy at the magazines, however i need to brush up my italian alot more first.

I will definately try the Italian/English banks to see if they have something, thank you.

Really didn't think it would be so tough to find, but i guess it is as has been mentioned, It is Italy & they don't seem to have the 'property fever' of the UK.

You can't move here for more stats & opinions.

[url=http://www.itili.com/images/prices.gif]The Economist[/url] recently reported that property prices in Italy have risen by, on average, 10% in each of the last 7 years, though I have no idea where they got this data from.

The problem is that in Italy, it is common to understate the price of property transactions in order to pay less tax - a practice condoned by the Notarys, who report to the government. There is therefore no empirical data on house prices, as far as I can see.