'Shrewd' buyers look at southern Italy

Investment opportunities in southern Italy are not being ignored by British property buyers, an expert has revealed. Gabriele Giambrone of Italian legal firm Giambrone & Law stated that "shrewd" investors from the UK were increasingly snapping up houses in areas such as Calabria... 

He described the region as the "new Algarve of the Mediterranean" due to its combination of sound investment conditions and an attractive lifestyle.

Mr Giambrone commented: "Areas such as Calabria, Puglia and Sicily are attracting a mixture of shrewd second home buyers and investors who recognise the opportunities opening up in southern Italy."

A recent poll by A Place in the Sun magazine identified Italy as a particular favourite among British property buyers, with the country listed in fifth place overall.