Like many countries, the eurozone
crisis weighs heavy on Italy. With its government divided and debt spiralling
up, the Italian economic outlook is not pretty. But nestled in the Dolomites
Mountains, the small town of Feltre allows residents to escape the doom and
gloom.
Daniela
Boyce has lived there for years. For her, nothing has changed.
ââ¬ÅIââ¬â¢ve been
travelling to Italy to see family and friends since I was a small child,ââ¬Â she
explains as she shows me round her impressive five-bedroom villa.
ââ¬ÅMy family live in and around here. Itââ¬â¢s breathtakingly beautiful.ââ¬Â
Itââ¬â¢s the
truth. The view of the Dolomites from her doorstep whips the air right out of
your lungs. And it hasnââ¬â¢t gotten any less stunning since the recession struck.
The
property itself is situated in a quiet, residential neighbourhood north of the
medieval town centre. Itââ¬â¢s a quaint, traditional community. Once a year,
thereââ¬â¢s even a pageant, she explains, complete with flag throwing. The rest of
the year, the area is peaceful.
“Iââ¬â¢ve spent
many days just sitting outside admiring the view and then wondering down to the
local gelateria to buy a freshly made ice cream,ââ¬Â she confesses with a grin.
Who can
blame her? The shops and amenities are only a quick walk away. In fact, with
the local market twice a week, you barely need to travel anywhere to find food.
Thatââ¬â¢s what the area is known for, she adds: ââ¬ÅPolenta, wild mushroomsââ¬Â¦ and lots
of well-known wines!ââ¬Â
The villa
naturally comes with enough space to store the odd bottle or 20: a large
cellar, made up of three rooms (including laundry) could even be turned into a
taverna, I venture. She doesnââ¬â¢t disagree.
We move
through the spacious ground floor upstairs. If anything, the view gets even
better from the private balconies ââ¬â there are several, I soon discover, one for
each double bedroom on the first floor and another for the double bedrooms on
the upper floor. Itââ¬â¢s a hikerââ¬â¢s holiday home dream.
ââ¬ÅThere are
some great walking routes to be discovered,ââ¬Â Daniela nods. ââ¬ÅI read somewhere
that the Dolomite region is the most ecologically advanced and environmentally
forward-thinking area in Italy.ââ¬Â
But even
when the summer strolls are not an option, the property loses none of its
charm, she points out, with skiing just a short ride away.
That
consistent appeal to overseas visitors is part of what makes Italy such a
reliable destination for property investors. Even during times of financial
uncertainty, people continue to visit the country. Indeed, the World Tourism
Organisation ranked Italy as the fifth most popular destination in the world in
2012.
The size of
the property makes it ideal for families as well as investors. ââ¬ÅThe area is
safe for small children to play in the quiet piazza out front,ââ¬Â she reassures
me as we swap the upstairs parquet floors for the tiled ground floor once more.
I peruse
some of the most recommended walking routes, tempted by thought of a quick
jaunt across the landscape.
ââ¬ÅItââ¬â¢s a
good opportunity to get healthy!ââ¬Â she laughs. Somewhere, politicians are saying
the same thing about the eurozone. The only difference itââ¬â¢s made to Daniela is
that houses in the area are more affordable: sheââ¬â¢s now reduced her asking price
from ã325,000 to ã275,000.
But in 10
yearsââ¬â¢ time, when the economy is back in shape, that mountain view will still
be the same.
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