As you might expect the cost of purchasing a property in Italy is normally quite expensive especially in the popular cities and destinations like Rome & Tuscany for example. This is mainly due to there popularity as tourist locations with many 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 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 the south and especially Calabria which has in the past created the economy from farming and agricultural sources of income.

The fact that Calabria is less affluent and with out the required 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 tourist destinations in Italy.

In Calabria you will find quant little towns scattered along the rolling 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 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 benefitted from large investments of EU money to improve infrastructure and Calabria is also receiving a significant amount of private investment as also. Calabria has an emerging property market and even though the prices have risen by 30% 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 value of property in Calabria is said to continue by 15 – 20% per year on year for the foreseeable future. Add this to the excellent rental potential from the growth tourist demand and you can see that Calabria is emerging investment property market.

This entry was posted on Thursday, February 26th, 2009 at 7:59 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.