Property prices in Italy slid by 0.7 per cent during the year to June 2011, figures from think-tank Nomisma show.

Citing the data in a report about the state of the country's real estate market, Global Property Guide noted that there is a mixed outlook for the sector.

The publication highlighted a Bank of Italy survey from October this year, which found that estate agents in the nation expected sales to increase over the coming months.

However, Nomisma predicted that the downturn in the Italian property market is not yet over, with further falls still to come.

According to the news provider, Italy is a nation of owner-occupiers, with 80 per cent of houses in the country falling into this category.

It also pointed out that restrictions on the rental industry make this unattractive to many property investors, with rental homes typically generating a yield of between three and five per cent.

Linda Travella, of estate agency Casa Travella based in the Italian lakes, recently stated that real estate around Lake Como and Lake Maggiore is becoming more popular among buyers.
 

{loadposition user38} source: http://www.propertyshowrooms.com/italy/property/news/italian-property-prices-fall_311761.html