Property market in Italy stable and increased growth expected end of 2010

[Nicholas Wallwork]

The Italian property market has stabilised but growth will have to wait until the end of 2010 at the earliest, according to the chief executive of one of Italy's leading real estate agents and valuers Beni Stabili.

Aldo Mazzocco said that he expects the real estate market to remain tough in the coming months with the main buyers being families and private property investors. But he believes that international buyers will return next year and overall the market is in a better state than many others in Europe.

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