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Wanna buy a palace?

The Italian Government has announced plans to sell a range of state-owned properties - including castles, palaces, monasteries and even lighthouses - in a bid to improve the country’s financial position. The move will see private investors granted leases of up to 50 years on the historic buildings. Almost 700 buildings are up for grabs and officials are hoping to raise more than €2 billion with expectations most would be turned into hotels. In a prospectus touting the offering, Australia is cited ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 10 Jun 15

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