Italian mortgage rates from 2.5 per cent

Clare Nessling, Conti’s Operations Director, said: “The Italian property market has remained remarkably intact, primarily due to the country never being heavily involved in the sub-prime lending market.

“Nor has it suffered the effects of the over-development of property, like Spain for example. These new rates will therefore provide an even greater incentive to buy property there.”

Conti manages the application process through to completion and intermediaries can earn an average of £600 commission for every mortgage they place.