In Italy the price of properties is generally quite expensive especially in the well known cities and destinations like Rome & Tuscany for example. This is partly because they are famous and hotspot tourist locations with many attractions and also are home to the more affluent Italians.
The Calabria region up until a few years ago was relatively unknown and unexplored by foreign visitors and kind of off the beaten track for tourists to Italy and as such there is quite an inequality in relation to 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 income.
It is because of the fact that Calabria is less wealthy and lacked the necessary infrastructure to enable good access to the region and because of this the cost of Calabria property is currently much cheaper than that of the traditional more well known and established places in Italy.
Tiny picturesque villages hug the hills along the coast where an excellent selection of top quality property developments and resorts are being developed] 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 Calabria 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 30% in the pervious year the price of property is still very low compared to Italy other regions and most other European destinations.
The value of property in Calabria is said to continue by 15 – 20% per year for the next 5 years. Combine the good capital growth with excellent rental potential from the growth tourist demand and you can see that Calabria is an exciting a new overseas investment property destination.
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