Italian property market continues to weather the storm

Quite interesting: Raising the Roof » Properties Blog » International Herald Tribune » Blog Archive » Italian market continues to weather the storm, report says: "Overall, the market in Italy is “cooling,” but it continues to show “modest” growth, according to a newly released report from Cluttons Italy, the property firm. In 2007 valuations increased a slim 4 percent in metropolitan areas, compared to 10 percent growth in 2004, data shows. But Italy didn’t experience the huge run-ups of Spain and the U.K., making a steep drop less likely, Cluttons concludes."