Italy Real Estate - Why Investors Are Flocking to Lake Iseo

The better-known Lakes Como, Maggiore, Garda andNorthern Italy's lakes dropped by more than 4% -
Orta draw the international jetset. But growingplunging by nearly 9% in some parts of Lake
numbers of property hunters who come to NorthernMaggiore, a study last year by a leading property in
Italy's Lakes region have instead discovered theItaly conglomerate revealed. But Iseo was the
delights of the peaceful banks of Lake Iseo nearby,best-performing lake, with a fall of under 2%. The
a name that barely registers outside Italy but onelake, also called Sebino, is between Lakes Garda and
that is no less enchanting than Italy's better knownComo and a few miles from Brescia and Bergamo.
waters.Milan is 80km away, or one hour by rail and 1hr
Lake Iseo features just as appealing properties, in30mins driving.
particular if they have breathtaking views lookingIt is Italy's seventh biggest lake, some 24km by
over the shore. But the difference is that they are5km, runs north to south and is overlooked by
far less pricy, often costing barely half of what youmountains. It is a relaxing spot for swimmers, divers,
would face in Lake Garda, just over 30km away.sailors, windsurfers, water-skiers and anglers. Iseo's
Typically, around US$275,000 should get you awaters enclose the scenic Monte Isola, with around
three-bedroom villa near the lake, while from just2,000 inhabitants. The island, one of the lake's chief
$135,000 you can purchase a lake-view apartmentattractions is linked to the shore by short ferry hops.
with a couple of bedrooms.Almost devoid of motor transport, the isle has an
Additionally, a quartet of international airports areoasis-like calm and is perfect to be explored on foot
within a 55-mile radius - one in Brescia, one inor bicycle. The island is also known net-making
Bergamo and two in Milan. One clear signal to theindustry, which started with fishing nets but later
mounting attraction of this secret gem is evident inexpanded to include hammocks and tennis and
the growing number of cars with number plates fromvolleyball nets.
France, Belgium, the Netherlands and Germany onReturning to the lake's shores, the most picturesque
Iseo's charming lanes and roads in high season.towns are on the eastern side, such as Iseo, Marone
Stefania Russo of Italian property finders Theand Sulzano. Iseo has the greatest number of
Property Organiser said: "We're telling our clients whoattractions, including an unfinished 900-year old
are considering buying in bigger lakes such as Comochurch. The surrounding countryside is dotted with
and Maggiore to certainly consider Iseo. It's an areacharming medieval buildings that can be found by
that is relatively unknown, unspoilt by huge numberswalking, cycling or, even more leisurely, by horseriding.
of tourists and within good vicinity of a clutch ofAnd in winter, Montecampione attracts hordes of
airports as well as neighbouring Switzerland. Weamateur skiers. Consider, however, that with the
believe the real estate market here will rise in theAlps close by, a number of trekking and riding paths
coming years."involve steep inclines.
To buttress the point, property prices throughout