Tuesday, April 26, 2011

Some Property News

New planning legislation in Cyprus could encourage more unscrupulous developers to break the law, says a local expert, leaving buyers to pick up the bill for planning permission and title deeds after the sale. Not so in Umbria, clean clear and proven titles. See the European Parliament list of Italian trans-national property purchase problems, not one registered in the Upper Tiber Valley of Umbria, the home of Properties Umbria for almost 30 years.

Fractional offerings are becoming more and more popular. Buy, in fractions of a year, a week, a month, etc at a heavily discounted rate for life ownership. The La Preghiera luxury “residenza d’epoca” between Umbertide and Citta’ di Castello is being turned into a fractional ownership property. Now under the same management for more than twelve years, La Preghiera, (on site ref 006) can offer up to 50% financing to prospective buyers. Enjoy the benefits of possibly the most attractive large house in Umbria. You probably deserve it.

Property in Umbria is moving again. Expect price increases after the Easter rush, and, as you look at comparative web-sites you will notice that the vast majority of properties between Perugia, Cortona, Sansepulcro and Gubbio have not had their prices reduced, as many of them are owned by local farmers, and, as they haven’t sold anything in the last 40 years, a couple more years of waiting means very little. What is more, “ neighbour Rossi got € X00.000 for his property three years ago. And I won’t take a Lire less!!!”

Owners of illegal Spanish homes demand audience with MEP. Still endless bad news for Spainish properties. Be safe, buy in Italy. Be safer, buy in Umbria.