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 destinations with numerous attractions and also are home to the more wealthy Italians.
Calabria on the other hand was relatively unknown and unexplored by foreign visitors and kind of off the beaten track for tourists to Italy and because of this 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 in the past created the economy from farming and agricultural sources of revenue.
The fact that Calabria is less affluent and lacked the required infrastructure to make access easy and because of this the cost of Calabria property is at the moment a lot less expensive than that of the traditional tourist destinations in Italy.
Tiny picturesque villages hug the hills along the coast where an excellent selection 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 recently received vast sums of EU funding to improve infrastructure and the region is also receiving a considerable 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 quality real estate and tourist accommodation is still very low compared to Italy other regions and most other European destinations.
The price of property in Calabria is predicted to continue by 15 – 20% per year on year for the foreseeable future. Add this to the excellent rental potential driven by tourism growth and you can see that Calabria is an exciting a new overseas investment property destination.

{ 0 comments… add one now }
Leave a Comment