14-Mar-17 13:15 - By Giulia Lombardo
Italy sinking - literally?
A study by the Laboratory of Climate Modelling and the journal Quaternary Science Reviews revealed that the Italian coasts will change over the next 80 years due to the rising of the see level. However, Italy could be completely submerged by the end of the century with 5,500 square kilometres of coastal plains ending up under water. The Laboratory of Climate Modelling and the journal Quaternary Science Reviews studied four sensitive areas of the Italian peninsula which will feel the impact of rising sea level. They are, the North Adriatic, the Gulf of Taranto, the Gulf of Oristano and the Gulf of Cagliari. Some areas are already close to or below the sea level.
14-Mar-17 13:13 - By Giulia Lombardo
5.5% decline in average price of Italian Houses
It might be the right time to buy a property in Italy. In 2016 the average prices of Italian houses declined by 5.5%. The last 8 years of economical crisis have influenced the real estate market in Italy, causing a significant fall in Real estate property values. Average prices have dropped by 30%, with suburban and less-appealing locations being more affected (down 50%). Therefore, over the last two years, interest in real estate purchases has been renewed, leading to more transactions and mortgage applications.
14-Mar-17 13:11 - By Giulia Lombardo
Palermo to be Italy's Capital of Culture 2018
Palermo, the capital city of Sicily, has been chosen to be the Italian capital of culture 2018. The decision was made by a jury appointed by the Culture Ministry.