In Italy the price of properties is generally quite high 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 affluent Italians.
Calabria on the other hand was undiscovered by overseas visitors and kind of off the beaten track for tourists to Italy and because of this there is quite an inequality in relation to the wealth of the north of Italy and the more traditional destinations as mentioned earlier than the south and especially Calabria which has traditionally relied on farming and agricultural sources of income.
The fact that Calabria is less wealthy and with out the necessary infrastructure to enable good access to the region and because of this the price 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 a good range of top quality real estate properties and resorts are being built in breathtaking settings with awesome views of both the Mountains and picturesque coastline and the quant villages offer a traditional Italian way of life and insight into the culture.
The region has been identified as an ideal destination for tourism growth and has recently received vast sums 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 increased by thirty percent in the last year alone 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 on year for the foreseeable future. Combine the good capital growth with excellent rental potential driven by tourism growth and you can see that Calabria is an exciting a new overseas investment property destination.
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