Hi guys.
Thanks for the input and encouragement!
I'm in one of the more prosperous northern Italian towns, Modena (Ferrari, Pavarotti, balsamic etc...); I'm told locally that my kind of flat should be easier to sell than certain others at the moment- a smallish one bed place.
The exchange rate should help too if it hovers around or dips below today's level.
I can see there could be advantages in the longer term of building higher but I grew up in a bungalow and like the one floor set up. Notwithstanding the fact that since moving to Italy 15 years ago I have (as most town dwellers here do) only ever lived in blocks of flats, at various levels: currently 3rd floor, no lift. Highest without lift was 4th floor; highest with lift 9th floor, though with frequent breakdowns. It's all good exercise but I just prefer the one floor set up...
I had (have) an idea of finding an isolated single plot; countyside maybe with reasonable access to local amenities. My basic research so far suggests my budget won't be able to satisfy my dream location, though. Maybe an infill would be more realistic. However, very, very early stages...
cheers
Mike