In case you are considering making an investment in Italy, this is all you must be aware of.
The Italian real estate market is almost recovered from the financial crisis the country has been suffering from. With both demand and supply on the rise, many real-estate investors from around the world have decided to become involved in residential property sales in Italy. The property development sector has turned into one of the most powerful in the country,even more so because a lot of Italians are becoming more interested in purchasing a second house. The real estate sector is directly linked to Italy’s tourism industry, which is the most profitable domain in the region. With Italy being the fifth most visited country across the world, there has been a growing demand for the construction of holiday residences and the development of luxurious hotels.
Being the third largest economy in the Europena Union, Italy has turned into an attractive place for investors from around the world. Its domestic market offers a large range of investment opportunities spanning across various industries. Today, the Italian economy is driven by a large amount of international companies. Commercial foreign affairs employ 11% of the country's workforce. For that reason, it is not unexpected that some of the biggest investors in Italy are international. The top two shareholders of Telecom Italia, who are committed to improving the region's telecommunication industry, are a good example of how foreign investments can give back to the local economy.
For entrepreneurs, it is wise to invest in Italy real estate. This is one of the quickest growing sectors in the country and is the reason why so many investors are turning their attention towards Italy. The top shareholders in the Excelsior Hotel Gallia are a great case in point of how beneficial an investment into Italy’s hospitality sector can be. The Qatari shareholders have managed to significantly expand their portfolio by acquiring luxury institutions in the heart of Italy’s capital. With the introduction of tax deductions for investments in research and development activities, the Italian government has incentivised foreign investors to take part in in the local economy.
On the subject of foreign direct investment, Italy is preferred over other European states for its powerful industrial field and very skilled workforce. The firms thatare preferred by foreign shareholders, like the managers of the professional services firm EY, are the ones recognised for their innovative technology. International investors are interested in these companies because they want to take part in the local economy and appeal to the Italian consumers. Among the businesses that have drawn in the most investments are the enterprises operating in the industrial machinery and mechanical industries. This is mainly due to the reason that there are numerous tax incentives for startups and innovative companies.