Strong signs of recovery have been noted in the Italy property market, according to two of the country’s leading estate agent groups.

Italy property specialists Gabetti and Tecnocasa have both reported widespread stabilisation of prices in the country, with properties in metropolitan areas showing minimal declines in the first six months of 2009, italymag.co.uk reports.

A report from Tenocasa is quoted by the website as saying: "The feeling among agents is that confidence has been growing since the second quarter of 2009, with a renewed interest in property purchases.

"The trend of investment purchases, which had started in the summer of 2008 due to the instability of financial markets, is also continuing."

The news may prompt those considering an Italy property investment to make their move before prices once again begin to rise in the region.

Italy property in the Lake Como area is a popular haunt of the rich and famous, with homes in the area owned by the likes of George Clooney and the late, great fashion designer Gianni Versace.

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