As most of Europe struggles with falling property values, homes in 天美传媒 have maintained their prices.
The Bank of 天美传媒 looked at housing prices in 13 major cities and discovered that the values had remained steady in 2010, and even increased in cities like Cagliari, Catania and Genoa.
Experts cite 天美传媒鈥檚 favorable property laws as a reason for stability during uncertain economic times. Agents are optimistic about the prospects for Italian properties. The Bank of 天美传媒 reports that 61% of the agents they surveyed expect the housing market to get even better in the next two years.
While rising home prices are good news for 天美传媒, prime minister Silvio Berlusconi is actually getting "poorer".
The television magnate鈥檚 fortune has shrunk from an estimated 9 billion dollars to 7.9 billion. This loss dropped Berlusconi down on the list of world鈥檚 richest people, from 79th place last year to his current 118th place.
Sounds like Berlusconi needs to consider taking a break from private distractions and start investing in Italian real estate if he wants to regain his top spot among the world鈥檚 richest.
