by Alessia Pirolo

Foreign investors are showing a growing appetite for Italian commercial real estate, a sign that the gradual improvement of the European economy is being felt in some of the Continent's weaker property markets.

From January through early October, the volume of Italian cross-border transactions totaled €2.75 billion ($3.71 billion), or about 79% of all commercial real-estate transactions in Italy so far this year, according to Real Capital Analytics Inc. That is the largest amount of foreign investment in Italian commercial real estate since 2007, though it still is only half that year's total, says Joseph Kelly, a European analyst at Real Capital Analytics.

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Source: The Wall Street Journal