But I feel it is important to point out that the 10% appreciation example works both ways - if a property decreases, it decreases on the full market value.

Not being in the country you want to invest is risky. 100% leverage is risky.Lowering your leverage point is one of the easier ways to decrease your risk and therefore increase your odds at success.

YoY is up 3.5%.Rentals - Availability by MonthThe number of homes for rent decreased MoM, also bucking the seasonal trend.Rentals - Median Time to RentMedian time to rent increased in November to 30 days.

Birth Rate: The birth rate in Italy has been steadily decreasing.

Of course I can increase deductibles or otherwise decrease coverage, but that is only putting off the inevitable expensive insurance claim.

Usually if it’s a revaluation where the whole town goes up in value you see the tax rate decrease and taxes stay the same or go up a little like yours did.

Better to concentrate on decreasing expenses and saving for now. 

Buying in an area with decreasing demand or property values. 

Good renovations done at purchase should decrease repair and vacancy cost. 

Yes  I think the best move here is to asses your total monthly debt and see if a cash out refi will help decrease the total interest and monthly debt obligation.