Calabria Property - New Emerging Market in Italy

Reasons Why Calabria Property is Popular

In Italy the price of properties is generally quite high 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 wealthy Italians.

The Calabria region up until a few years ago 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 in the past created the economy from farming and agricultural sources of revenue.

It is because of the fact that Calabria is less wealthy and lacked the required infrastructure to enable good access to the region and because of this the cost of Calabria property is currently a lot less expensive than that of the traditional more well known and established places in Italy.

Tiny picturesque villages hug the hills along the coast where a good range of top quality property developments and resorts are being developed] in breathtaking settings with awesome views of both the Mountains and dramatic coastline and the quant villages offer a traditional Italian way of life and insight into the culture.

Calabria is the perfect 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 on to of this. Calabria has a young property market and even though the prices have increased by thirty percent in the pervious year the price of quality real estate and tourist accommodation is still a lot less expensive that the rest of Italy and other similar European holiday spots.

The price of property in Calabria is predicted to continue by 15 – 20% per year for the next 5 years. Combine the good capital growth with excellent rental potential driven by tourism growth and you can see that Calabria is emerging investment property market.

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Calabria is the beautiful region of Italy that stretches right to the bottom of the toe and out into the warm Mediterranean Sea. The region has now emerged as a property investment hot spot for people from the overseas looking for affordable holiday homes and good investment property as at the moment property inCalabria offers good capital growth and rental returns.

Location & accessibility

Improved accessibility is now attracting the attention of investors to Calabria with new roads into this region, good rail network and low cost flights making property in Calabria more attractive to both tourists and investors.

Calabria has several airports two of which are major airports:

Lamezia Terme Airport, another major airport situated 85 miles north of Reggio Calabria). Both airports have excellent flight connections with the rest of Italy and major European cities and are now serviced by low cost flight operators. Lamezia Terme is well-served from the UK by both Ryanair and ThomsonFly, with an average flying time of 2 ½.

Climate:

The climate in Calabria is Mediterranean and summers are hot and dry, reaching around 29oC while winters are mild. The Pollino, the Sila, and Aspromonte mountains generate an isolated climate with virtually no rain from May to September creating the ideal conditions for wine production.

Natural resource

• Imposing mountains
• 500 miles of rugged coasts and beautiful sandy beaches
• Dense beech, chestnut, oak and pine trees forests
• Stunning landscape and national parks
• Imposing mountains
• 500 miles of rugged coasts and beautiful sandy beaches
• Dense beech, chestnut, oak and pine trees forests
• Stunning landscape and national parks

All these natural attractions combined with the increased access to the region are having a very positive effect on Tourism to Calabria.

Tourism:

Calabria has always been a popular holiday destination with Italians looking for active winter sports or a relaxing and peaceful summer holiday, but this long kept Italian secret has been discovered by investors and holiday makers abroad and recently the area has received very positive international press coverage.

According to the Bank of Italy and the Italian Regional Tourist Observatory the number of domestic and foreign tourists has surged dramatically between 2005 and 2007 having increased from 5 to 9 million for domestic tourists and from 1 to 6 million for foreign tourists.

Many airlines and most major tour operators now include Calabria in their operations and according to the Italian Regional Tourist Observatory, Calabria has been holding for seven consecutive years the number one position in Italy for annual tourism growth. As we know high tourism demand and growth is always a driver for overseas property investment markets.

Calabria has many tourist attractions which is include:

Centuries of history: Calabria is rich with Greek, Roman and Byzantine archaeological sites and treasures and has a wealth of magnificent chapels, spectacular castles, glorious cathedrals, churches and museums displaying many artifacts some dating back 2000 years when Calabria was part of ‘Magna Graecia’, the rich and powerful Greek colonies.

In the winter season:

Skiing in the mountains

In the summer season:

• Sunbathing at the beautiful beaches and trekking in the mountains and the region’s national parks.
• Bird watching as the region is home to many rare birds
• Horse riding or biking
• Canoeing
• Golfing
• Stunning coastline and beautiful non-crowded sandy beaches
• Warm and sunny Mediterranean weather

Excellent water sport facilities which include:

• Windsurfing, snorkeling, sailing and deep sea fishing
• Excellent diving with over 50 sunken ships, some dating back to the 4th and 5th centuries

With excellent tourism potential, large amount of historic sites and treasures, superb sunny weather, stunning scenery, sandy beaches, warm crystal blue waters of the Mediterranean sea, tasty low-priced food and an abundance of attractions and sporting activities, Calabria’s tourism activity is set to continue its expansion with positive effects on the region’s economy and of course Calabria property market.