News that Berlusconi has been appointed as Italy's Prime Minister is an encouraging omen for the property market.Tipped to shake up the nation's growth by slashing debt and cutting taxes, his challenge will be reversing an Italian economy that has underperformed the rest of the Euro zone for years. Despite this, the italian property market has been going from strenght to strenght, continuing to incentivise both domestic and foreing buyers with new mortgage products and tax breaks for long-term lifestyle purchasers.And also, the access to Italy has increased significantly in the last few years, thanks to low-cost flights. (taken from OPP-Overseas Property Professionals, may 2008)
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