Investors with a stereotypical view of the Italian property market could be missing out on a good investment opportunity.
Analysts have lamented the traditional view of the market as being risky and dogged with bureaucracy.
Added to this, years of stalled economic growth, a lack of structural reforms and a dysfunctional political system have not helped Italy's reputation as a real estate investment hotspot.
However, the latest property market analysis from Henderson Global Investors claims that despite this the country should not be overlooked by potential buyers.
Analysts point out that Italy is the seventh biggest economy in the world and also benefits from European Union membership.
Furthermore, it has a broad based economy with an export industry almost on par with France and well ahead of that in the UK.
''Italy also has a relatively resilient banking system and economic strength is regionally divided and as a result country level economic figures are heavily diluted and therefore often misleading,'' it adds.