We Are The Champions – Italy wins the cup! In case you didn’t know!
The four major football teams in Italy, Milan, Juventus, Fiorentina…. are under severe investigate for corruption and match fixing.
The E45 motorway running north to south through Umbria is in a bad state and a regional crisis is looming.
Properties are not selling well in most parts of the US, and in Los Angeles there are tens of thousands of unsold properties, prices are falling and it is currently better to rent rather then to buy.
In the UK although the building societies are talking-up the prices the real situation is that thousands of properties aren’t selling – even though the offer prices are reducing. Sherlock Holmes once said, about a dog that didn’t bark, it is the things didn’t happen that have major significance. So perhaps the prices of the houses that aren’t selling are more important than those that are?
Here in Umbria we are still attracting a year-on-year 10% profit on properties. This has been happening for the last 20 years and our area is now more expensive than the adjacent and very costly part of Tuscany, around Cortona. Obviously bad news if one hasn’t got much money, but very good news if you want your investment to appreciate year–on- year–on year.
We can’t BUILD anything new, we can only RESTORE an existing building and usually enlarge it by 100sq mt.
So, the pressure is on, more desire and less product, market forces, and the only way is upward. Don’t leave it too late!
The four major football teams in Italy, Milan, Juventus, Fiorentina…. are under severe investigate for corruption and match fixing.
The E45 motorway running north to south through Umbria is in a bad state and a regional crisis is looming.
Properties are not selling well in most parts of the US, and in Los Angeles there are tens of thousands of unsold properties, prices are falling and it is currently better to rent rather then to buy.
In the UK although the building societies are talking-up the prices the real situation is that thousands of properties aren’t selling – even though the offer prices are reducing. Sherlock Holmes once said, about a dog that didn’t bark, it is the things didn’t happen that have major significance. So perhaps the prices of the houses that aren’t selling are more important than those that are?
Here in Umbria we are still attracting a year-on-year 10% profit on properties. This has been happening for the last 20 years and our area is now more expensive than the adjacent and very costly part of Tuscany, around Cortona. Obviously bad news if one hasn’t got much money, but very good news if you want your investment to appreciate year–on- year–on year.
We can’t BUILD anything new, we can only RESTORE an existing building and usually enlarge it by 100sq mt.
So, the pressure is on, more desire and less product, market forces, and the only way is upward. Don’t leave it too late!
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