We have just completed the eleventh year of renting out our house for the summer. As I think I said before in previous posts, in all this time we have only had two vacant weeks.
Capo Boi's activity
Questions Asked
Despite the bailouts of Greece, Ireland and Portugal the euro has been very strong of late. There is currently a growing view that if "weaker" nations are forced out of the euro zone then the euro will strengthen further. (Italy is probably the mi
Wed, 04/20/2011 - 14:48
Just been billed for Tassa rifuiti. Wait for it................... Wait for it................... Wait for it................... Wait for it................... Year 2004.
Fri, 03/11/2011 - 14:55
What have the EU (and David C) ever done for us? The aqueduct, sanitation, roads, irrigation, medicine, education, health.... Hearing the BBC iplayer is shortly to be made available overseas at a subscription of around £7.50 per month.
Thu, 03/03/2011 - 17:34
I know pv has been covered extensively in the past, but I thought that it may be helpful to post the current numbers and maths that are being advertised here. (Sardinia). This is for a carport installation roofed by 3kw of pv panels.
Thu, 02/17/2011 - 14:46
First of all, I would like to say that other than the odd bottle of wine or meal, I have no financial interest whatsoever, in any property or estate agency business. That said, just speaking around, there does seem to be a general feeling that th
Sun, 02/06/2011 - 17:06
For anyone looking to run a bed and breakfast (or already running one) there is an excellent article in this month's "Cose di Case" magazine (August).
Tue, 08/03/2010 - 12:58
Has anyone got a really good method of cooking/recipe? Have loads in the l'orto but never seemed to be able to cook these with satisfactory results. I've only got a frying pan, so cannot deep fry.
Sun, 06/06/2010 - 04:37
It seems that the conventional wisdom that sterling would collapse on a hung parliament is being turned on its head.
Fri, 04/23/2010 - 17:00
Comments posted
Perfect explanation Penny. Very professional. I wish you all the best.
Penny, with the best will in the world, it looks like your price is €2,500 m2. which is closer to what I'd expect. Or am I really missing something here.......
At 570m2.....(I initially took your number of 350m2), its difficult to make your price stack up. I would think agencies would be biting your hand off. Or is this really where as pianopiano says, prices are?
There are obviously many factors that determine a property's value. On the continent the starting point is always price per m2. This is then compared to the price in that area, region etc. Adjusted for condition, closeness to amenities etc. But price per m2 is always the dominant consideration. In the UK this never seems to figure despite all the major UK building companies using cost per metre2 (or at least cost per foot2) as their main construction guideline. (building costs for example are currently around £950 m2 for a "good" build in outer London but land costs will add 5-10 times to this amount). In Europe it is normal to quote an inclusive figure (ie including the land value). For example, in Berlin, it is still possible to buy at around €650m2. In Bulgaria, at the speculative peak, apartments were being sold for upwards of €1,500 m2. Now €550-€650 is often the quoted value if you can find a buyer. Italy is no different. Price per m2 is the main driver. Property prices are probably something like 8% -12% off their peak. Value will always come through but I really believe that the value (and hence buyers), unless sterling recovers significantly, will not be found from the UK. Anyway, here it is, my opinion.
Just seen your second post pianopiano. Not as bearish as you are but clearly in the last few years many people have overpaid for property particularly in the "cheaper" regions. With the global downturn its not surprising that these are the ones that fall out of bed at least in euro terms. All I was saying that despite everything, a price of €540 m2 for a habitable house in Le Marche looks good value to me. I genuinely wish the family well.
What pianopiano says is true, however. UK buyers are very thin on the ground these days because of sterling's fall. Transactions generally are down around 20% from 2007 levels and the buying pattern has very much changed to the eurozone.
On paper from the information you have given, a 350m2 house at €190,000 looks very good value to me. Just over €540 m2. The last time I was in Ancona, maybe 12 years ago, apartments were generally selling at the equivalent of €750 m2.
Ram and steve jackie are correct.
Its important to turn water off as alan h says. Frost is not the only problem. Water pressure is higher in winter putting corresponding extra pressure on pipes, valves etc.
Its gone a bit quiet Alan, I agree.