Italian property prices are stable and, in some cases, on the increase. While this is good news for Italy, prime minister Silvio Berlusconi is actually getting "poorer". The television magnate’s fortune has shrunk from an estimated 9 billion dollars to 7.9 billion. This loss dropped Berlusconi down on the list of world’s richest people, from 79th place last year to his current 118th place.
Sounds like Berlusconi needs to consider taking a break from private distractions and start investing in Italian real estate if he wants to regain his top spot among the world’s richest.