Population57.68 million persons 
PopulationGrowth0.080 percent 
Land Area294,020 sq km 
Currency & exchange rate1 Euro = 100 cents

(~ 0.664547 GBP)

GDP-PPPMethod1,188,770.0 millions of US dollars 
GDP Growth1.72 percent 
GDP Per Head20,610.0 Thousands of US Dollars Per Person 
FinancialInterest RateInflation Rate 
National BankBanca d’Italia 
PoliticalThe last parliamentary elections were held on the 13th of May 2001 and the last presidential ones on the 13th of May 1999. The election of 2001 was won by Silvio Berlusconi and his centre-right coalition of parties. It has a substantial and strong holding in the senate and the Chamber of deputies. The next due elections for both parliamentary and presidential are due in May 2006.

The centre-right coalition includes Berlusconis party - Forza Italia (FI) (Italian Force), Alleanza Nazionale (AN) (National Alliance), Lega Nord (LN) (Northern League) and Unione dei Democratici Cristiani e dei Democratici di Centro (UDC) (Union of Christian and Centrist Democrats) (elected May 2001).

The centre right coalition was elected with a strongly reformist agenda, including promises to cut taxes, stimulate new jobs and to create a more liberalised labour market

Italy held the Presidency of the EU from July to December 2003 and is playing a prominent role in the fight against international terrorism and reconstruction in Iraq, Afghanistan and the Balkans.

Social SecurityYes 
LanguagesItalian (official), German, French, Slovene 
CustomariesThe handshake is the standard greeting for men and women, upon meeting and again upon departure. Even children are encouraged to shake hands. In social settings, people may kiss on both cheeks. Formality is still appreciated. One should use the formal form of address such as Mr. or Mrs. followed by a surname, unless invited to move to a first name basis. Younger people are more apt to move to less formal forms of address quickly, while children tend to address each other using first names. Body language is quite interesting in Italy, and because much gesticulation tends to take place in this culture, one should be aware of the commonly used gestures 
Ethnic Make-up
TaxIncome TaxCapital Gains Tax 
Non-residents are taxed on income produced within Italy at the same rates as residents:

Taxable income (€)Tax on lower amountRate on excess
Exceeding (€)Not exceeding (€)(€)%
Capital gains not realised from business activities are subject to a specific capital gains tax at a rate of 12.5% 
Description Italy is the fourth-largest economy in Western Europe and is the worlds seventh largest. Policies introduced in the early 1990’s helped prepare the country for a smooth transition to the Eurozone, and it’s decision to join the euro has improved investor confidence significantly. Italys major industries are Tourism, machinery, clothing, engineering, chemicals, textiles and motor vehicles with the major trading partners being the EU (in particular Germany, France and the UK), and the US.

The south of the country, the Mezziogiorni, has a much lower economic output and suffers higher unemployment rates than the more industrialised north. The country’s standard of living is high, particularly in the North, where unemployment is extremely low and per capita income is amongst Europe’s highest













Investor Profile:Cash & Equity Investor

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Climate:Hours of Sunshine Per Day in SummerDays of Rain Per YearJanuaryJulyAverage

Water Temp.

Proximity to:AirportBeachNearest City 
Pisa Airport - and then either connection to Aeroporto La Pila in Marina di Campo, or drive directly from Pisa Airport to Piombino Marittima The only way to go to Elba island from here is to take the boat.

Elba does have an airport nearby, but only caters for a few flights from privileged European cities.

Fetovaia beach, Seccheto beach,

Cavoli beach

Restaurants and bars:The island has some good restaurants, including from Mexican. Many tourists often try some of Elba's best wines in Wine cellars which are located just by the seaside. 
Sports and leisure facilities:Swimming, horseback riding, golf and trekking, hiking, botanical walks, bird watching and tennis. The island is also a nice place to go for fishing activities or for sailing. 
Transport:Public TransportRoads
You can reach the island of Elba by car where on arrival to Piombino, you must take a ferry across to the Island.

The island offers regular bus services around the islands beaches in addition to water taxi’s and minibuses to the beaches

The roads are in good shape and are used by buses, taxis and cars.
Crime rate:Very low 
Main types of employmentTourism and services mainly. 
Future plans:To improve upon its thriving tourism industry and preserve the rich natural history of the island 
Yield range6 – 9% 
Type of propertyEntry Price Rent-



Off Peak

Average Annual Yield 
2 bed apartment£45,000 £400£2508.6% 
3 bed apartment£60,000 £500£3008% 
3 bed townhouse£65,000 £500£3007.3% 
Detached£75,000 £550£3006.4% 

Demand for letting

PeakOff peak 
HighModerately high 
Finance and leisure scores:Total (out of 10)Financial (out of 5)Leisure (out of 5) 
Flights scheduled from:London, Manchester, Birmingham, Liverpool, Coventry, Newcastle, Luton and some other regional airports. 
Typical cost of flights:PeakOff Peak 
70 – 120 GBP40 – 90 GBP 
Operators:Alitalia, British Airways, Ryanair, Britannia, Mytravellite and other low cost airlines 
Description:Elba is rich in memories of her tormented past: archaeological finds, military structures, Napoleon's residences, and then, under the sea along the coastline, the remains of ships that transported Elba's wine in the most important Mediterranean centres. Elba is a rich source of history, archaeology and treasures, providing a testimony to the past. It's hard to find anywhere else in the middle of the sea, which tells of a past enriched with such colour.

Its very cheap to get here as there are many low cost airlines flying to this area.  Yields are okay and entry prices are reasonable compared to other countries such as Spain or Portugal.  Capital gains tax is set at a low rate thus exiting from the investment will not hit the bottom line too hard.

 Estate Agents:NameAddressTelWeb 
 Tuscany Invest Via L.da Vinci, 15


Venturina (Li)

Tuscany, Italy

0039 0565

 Elba Island I Ginepri Rione de Gasperi, 24
57031 Capoliveri (Li), Tuscany, Italy
0039 0565 96 87 75


 Agenzia Immobiliare Meditur Viale Cerboni 2 Marciana Marina (LI), Tuscany, Italy0039 0565

 Immobiliare elba Via Mellini, 26
57031 Capoliveri, Tuscany, Italy
0039 0565

 Letting Agents: NameAddress TelWeb 
 Elba Island I Ginepri Rione de Gasperi, 24
57031 Capoliveri (Li), Tuscany, Italy
0039 0565 96 87 75 
 Agenzia Immobiliare Meditur Viale Cerboni 2 Marciana Marina (LI), Tuscany, Italy0039 0565