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Jan31
Why is Calabria Property so Attractive
Filed under: Real Estate;Welcome back!
In Italy the price of properties is normally quite expensive especially in the popular cities and locations like Rome & Tuscany for example. This is mainly due to there popularity as tourist locations with numerous attractions and also are home to the more wealthy Italians.
Calabria on the other hand was undiscovered by overseas visitors and kind of off the beaten track for tourists to Italy and as such there is quite an difference with the wealth of the north of Italy and the more traditional destinations as mentioned earlier than that of the southern most regions and especially Calabria which has traditionally relied on farming and agricultural sources of revenue.
It is because of the fact that Calabria is less wealthy and lacked the required infrastructure to make access easy and because of this the cost of Calabria property is currently a lot less expensive than that of the traditional tourist destinations in Italy.
Tiny picturesque villages hug the hills along the coast where a good range of top quality property developments and resorts are being built in breathtaking settings with amazing views of both the Mountains and dramatic coastline and the quant villages offer a traditional Italian culture and way of life.
The region has been identified as an ideal destination for tourism growth and has benefitted from large investments of EU money to improve infrastructure and the region is also receiving a significant amount of private investment as also. Calabria has a young property market and even though the prices have risen by thirty percent in the pervious year the price of property is still very low compared to Italy other regions and most other European destinations.
The price of property in Calabria is said to continue by 15 – 20% per year for the next 5 years. Add this to the excellent rental potential from the growth tourist demand and you can see that Calabria is an exciting a new overseas investment property destination.
