Tag Archives: buy property lake como

With the strengthening dollar is now the right time to buy on Lake Como?

There is never really a right or wrong time to buy a property – the decision is very personal, but with all things being equal, the strengthening dollar means that it may be worthwhile thinking about buying a property in Europe if your savings or income is in dollars.

We consider a market such as Italy that has yet to fully recover from the financial crisis is ideal for investment and it seems that things may finally be on the turn with the results last week from the Agenzie delle Entrate that the Italian housing sales are positive for the first time in seven years.

For the US dollar investor, as recently as May 2014, the exchange rate was USD 1.39 to the Euro, whereas on Friday 6 March 2015 it was at 1.09.

So what does this mean? Let’s take the average holiday home investor – for example with $300,000 to invest. In May 2014 this could buy an apartment on Lake Como for just under €216,000. Around Lake Como this should have achieved a 2 bedroom apartment. However just 10 months later with the stronger dollar this would be now €275,000 and thus open the door to a greater choice of apartments, and possibly even a small villa! At Lake Como Concepts we have villas starting at €260,000 so every extra euro really counts!

How will it go in the future? Will the dollar continue to strengthen? Who knows – talk to your financial advisor see what they are suggesting.

All we know is that Lake Como has a lot to offer to the investor – prices have held firm compared to other areas of Italy during the crisis and it is well positioned now to take advantage of Milan EXPO 2015! In addition with the news last week that annual Italian housing sales have turned positive, then it may be a perfect moment! So if you are thinking of buying have a look at the real estate we are selling at www.LakeComoConcepts.com

#euro #dollar #buypropertylakecomo

Italian Real Estate Market back in the black!

Yes, it’s official – according to the Agenzia delle Entrate – after seven long years in the red, the Italian real estate market has turned in positive results for 2014.

Property transactions in Italy were up by 1.8% in 2014 on a year by year basis, with the fourth quarter showing a particularly strong 5.5% increase. There were a total of 920 849 property transactions in 2014 with the best result coming from the commercial sector (+ 5.7%), followed by residential and manufacturing (+ 3.6%), whilst the service sector remains negative (-4.6%).

Some of the major cities in Italy saw double-digit growth in 2014, mainly Bologna (+ 18.5%), Genoa (15%), Rome (+ 13.9%) and Florence (+ 13.3%), whilst Milan and Turin both recorded a respectable growth of 5%. Interestingly, there was a 12% increase in transactions supported by a mortgage, with 40% of purchasers obtaining a loan and the average mortgage value was Euro 119,000.

So maybe it’s the time to consider investing in that property of your dreams in Italy, particularly if you put this together with the very favourable exchange rate of the euro against the dollar, sterling and the Swiss franc.

What to do at Christmas in Como

Many people feel that Lake Como is just for Summer vacations – but nothing could be further from the truth. Como town and Lake Como itself make a great getaway at any time of the year.

As autumn, the season of delicious porcini mushrooms – wonderful with pasta, risotto or polenta – gives way to winter, Como gears up to a new challenge. Winter is the time of the Citta’ dei Balocchi, the ice rink in Piazza Cavour, the splendidly lit Duomo, and the street decorations that abound all the pedestrian thoroughfares in the town.

The CITTA’ DEI BALOCCHI – now in its 21st year in Como continues to grow in popularity with more and more visitors each year. Balocchi is an old Italian word for toys – and true to its name, Como dedicates itself to free activities and games for children in this pre-Christmas period, including puppet shows and exhibitions of magic tricks, plus displays of winter cribs and nativity scenes. The whole of Como joins in the fun with dazzling light shows and a spectacular 16 metre high Christmas tree in Piazza Grimoldi, next to the Duomo

CHRISTMAS MARKETS – the place to get those last minute Christmas gifts – stretching up Via Ciao Plinio towards the Duomo are the wooden Christmas market stalls selling the wonderful Christmas fare – gifts, vin brule’, grappas, torroncini, hams and salamis!

OSTERIA CON POLENTA – need some sustenance? Then visit the specially created winter garden restaurant in Piazza Verdi and sample all traditional dishes from around Lake Como in a magical atmosphere of fairy-lit trees. These Como dishes include polenta, Missoltini (sundried small lake fish), i pizzoccheri (a buck wheat pasta from the Valtellina), regional cheese, wines, beers and olive oils.

WHAT ARE YOU WAITING FOR – GET YOUR SKATES ON – The ice rink in Piazza Cavour in the centre of Como is open from 29 November 2014 to 7 January 2015, Monday to Friday 2.30pm to 11pm and weekends 10am to 11pm (closed only on Christmas Day)

JANUARY SALES – Christmas shopping is in full swing with many car-parks in Como already filling up early each day. The eagerly awaited January sales officially begin on Monday 5 January for Lombardy, so if you are planning a Lake Como short break that may be a good time, although remember, 6 January is an Italian bank holiday and not all the shops are open!

THINKING OF BUYING A PROPERTY – if you are looking for a new home it’s a great time for your property search – and at LAKE COMO CONCEPTS we are open during the festive period and you can find some special festive offers at www.lakecomoconcepts.com

#LakeComo #LakeComoConcepts #CittadeiBalocchi #ChristmasonLakeComo #buyingpropertylakecomo

It doesn’t have to cost a fortune to buy a villa on Lake Como

We are always being asked how much it costs to buy property on Lake Como, and potential clients are presently surprised to discover that a small villa can cost a lot less than they think!

Take for example a renovated 2 bedroom villa that we are marketing in Nesso – costing just €260,000, it has the most wonderful lake views! Or if you prefer a new build, we have villas for sale above Varenna with lake views, a shared pool and parking.

If, however, you are prepared to do some work yourself there are some real bargains to be had, especially with rustici towards the top end of Lake Como, and we are marketing properties from €60,000. They all require complete renovation, but the lake views are spectacular and for nature lovers you really cannot get better than this!