On the Waterfront

The northern Italian region of Lombardy is home to one sixth of the total population of the country and its de facto capital of couture, Milan, home of designer clothing and shoe factories, form the basic elegance of Italian fashion . However, Sydney is not only high fashion, is also home to beautiful lakes of northern Italy, and luxurious villas overlooking.

The Italian lakes are one of the regions most popular holiday and propertyItaly, until the favored Chianti Tuscany and Umbria and Liguria. The most famous lakes of Como, inverted Y-shaped, with villages and towns along the coast substantially against the dramatic backdrop of the Alps with punctured. The lake is the common name of Como is situated at the southern end of one of its forks, and is just 45 minutes north of Milan. Hence the choice of city to the lake extends along the western shore and easternSee, being in the village of Laglio adoptive George Clooney, the beautiful town of Tremezzo and Bellagio, which sits on the lake South Shore. Lake Como popularity as a tourist destination goes back to Roman times, property prices reflect the history, beauty and fame of the region and the limited supply of homes on the lakeside.

Rupert Fawcett of Knight Frank says that prices have stabilized over the lakes for strong growth, but the prices will continue to increasefor this very important and unique properties (especially water and in particular on Lake Como), which are sold in a very limited supply, often through private "sales out of the market." market, however, is a converted period house with two apartments for sale in Faggeto, about 15 minutes from Como. The apartments with two bedrooms cost ¬ 525,000 (£ 415,000) and ¬ 598,000 (£ 472,000 through Knight Frank, and only five minutes walk from the beach, marina andPier. To something a bit 'bigger, the company has five bedrooms, modern villa for sale in Mezzegra, where Benito Mussolini and his mistress Claretta Petacci served its purpose in the hands of Italian resistance. The villa has a view of Bellagio peninsula and a garden of 3,500 square meters is for sale and for ¬ 2.2 million (1.7 million pounds).

Target Real Estate, which owns the experts in Lake Como, agrees that prices have stabilized over the lake, despite the wider marketRecording a significant slowdown. "This is why the nature of the area does not allow the full development of the construction of the house then the big question for the houses along the river can not be met. The area consists mostly of renovated or renovated houses, while the supply of buildings is quite limited. " The company also said that increases in properties with parking, or garages or access, the value of a house: the goal is to sell a family house in Faggeto Lario, northComo, with large terraces with sea views and garage all-important ¬ 610,000 (£ 482,000).

The second largest of the lakes of northern Italy on Lake Maggiore, the regions of Lombardy and Piedmont separates and rises in the Swiss Alps on the northern tip. Destinations, such as the charming town of Stresa, West Piedmont shore of the lake, which is the main station through the mountains, Lausanne and Geneva served, but EastSide, with its proximity to Milan, is still in question.

Frances Petersson stops Jackson & Staff International, said: "It seems Major, if there is a renewed interest in recent press, or simply that people recognize what is a comfortable place. Unlike Como, beaches and many more sports d 'local water, some very prestigious golf club in the winter and close to several ski resorts and commuting distance of Milan. "She adds that pricesare also more economical Lake Como Lake Garda Lake to do with real property, nor for ¬ 500,000 (£ 395,000), with very little. Jackson Stops & Staff an apartment in Isola Bella, one of the picturesque Borromean Islands in the middle of Lake Maggiore, for sale ¬ 320,000 (£ 253,000). The spacious apartment on the first floor of the houses in a traditional Fisherman's has two balconies, one with a lake view.

The LombardySide of the lake is the town of Golfo Gabella Maccagno-site of the new development, up to 90 one-, two-independent apartments with three bedrooms in five blocks with communal pool, gym, restaurant and onsite car rental service . Properties from £ 194,000 through Pure International and there is the possibility of a private dock on the lake.

Pat McCreddie Unicasa markets and property for the development of Golfo Gabella said an owner who rents their apartmentcan expect to receive around ¬ 250 (£ 197) per person per week. "So if you're an apartment with one bedroom that can accommodate four people, would be the income ¬ 1000 [£ 790] per week. This is an average all year, and of course a couple of weeks rent control higher than others would. "(summer rental can command up to € 300 (£ 236) per person per week).

Lake Garda is the largest Italian lake, situated in the western region, but stillwithin an hour drive from Milan-Bergamo, or, depending on which side of the lake you go, Brescia and Verona airports are also options. Like its counterparts in the north, the lake served as a destination for luxury holidays in Rome and remains a driving bank locations, including Sirmione on the southern shore and Riva del Garda in the north. Along the southwestern coast of the lake, is selling a house Travella two bedrooms, two bathrooms with views of the oldPadenghe sul Garda ¬ 330,000 (£ 260,000).

Although the lakes near the northern alpine skiing and winter, high season rental is relatively short, running from May to September. But the Casa Linda Travella Travella says investors can get up to 40 weeks rent, although at lower rates in winter. For example, says Travella three bedrooms, two bathrooms luxury apartment is for £ 900 to £ 1,500 per week in high season, but this drops to£ 500 per week in winter. If you're a regular income, even though, look for a house in Milan for more than five per cent of rental income for smaller objects, and about four per cent gain for a large property more expensive to the Global Property Guide, a leading online property. But are you aware that the Italian laws on rent are highly prescriptive and not always work in the best interests of landlord.

The purchase process is relatively easyand includes a proposed offer that, if accepted, is followed by a deposit of ten percent. The preliminary purchase contract lasts about four minutes, six weeks ago and will be completed when the contract deed transferring ownership of the property. New construction property tax gain of four percent for first homes, and created a resale registration tax of three percent.