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Investors rush to buy luxury hotels in Rome

02:36

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February 25, 2014

The new Italian prime minister, Matteo Renzi, has pledged to cut taxes and pass broad institutional reforms to bring life back into a moribund economy. Foreign investors seem to trust in his ability to revive Italy's economic fortunes. The country's credit rating has improved signifcantly and investment seems to be paying off again - especially when it comes to high-end property.

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