Property In Italy

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Property in Italy

Over the past forty years, there has been a steady demand for property in Italy, as people purchased renovation projects for the purposes of holiday or retirement homes. Destinations including Tuscany and Umbria proved to be popular destinations as people sought out their idyllic countryside retreats.

Recent years have seen considerable changes in the Italian property market, as investors and developers have begun to look at the opportunities further south in this beautiful country. Areas such as Calabria, Apulia and Sicily now offer some of the best opportunities for property investment in Italy, as factors such as low property prices and increased accessibility offer good opportunities for long term investment.

Following the growth of this new and emerging market in the southern regions, Italy now offers one of the most complete portfolios of any major European property markets. From the popular skiing resorts and industrialised cities of the northern regions through to the popular summer destinations further south, Italy now has the ability to cater for all requirements.

Whilst the major cities of Milan and Rome and the beautiful countryside of Tuscany and Umbria have retained a consistent demand, it is the emerging markets further south which are beginning to drive the Italian property market. In particular, the demand for property in Calabria and Apulia is rapidly increasing at present with healthy growth forecasts for the foreseeable future. This is a clear contrast to the real estate markets in the major cities of Rome, Milan and Turin, where high property prices have existed for some time, and are likely to prove prohibitive to long term capital growth potential.

Increasing tourism revenues generated by the increasing numbers of cheap flights to the region, coupled with the low cost of property has resulted in a heightened level of interest from international property investors. Bearing in mind that Italy currently hosts over 20 million visitors each year, these increases in tourism revenues should not be underestimated. There is a strong demand for short term and holiday rental accommodation throughout Italy’s major tourist destinations, and it is a key factor in the recent growth in demand for property in Italy.

The process of buying property in Italy is relatively straightforward, and with Italy being a member of the European Union, there are no real restrictions on foreign nationals purchasing property. As a rule, foreign nationals have the same rights Italian citizens, with the exception that foreign nationals are obliged to pay an 11% purchase registration tax, as against the 4% tax paid by an Italian resident.

Overall, Italy is becoming an increasingly popular investment choice amongst investors seeking steady returns over longer periods. Factors such as the lack of capital gains tax, low property prices, increasing tourism and recent capital growth rates in excess of 10-20%, have culminated in an increasing number of new developments being announced throughout Italy in recent times.

Further regional information: Calabria

	Baia Dei Fiori - 1 bed apartment in Calabria€76,195 The resort occupies an envious frontline beach front location and forms part of an existing holiday and residential village which is due to be refurbished as part of the new resort complex. It provides a unique opportunity to purchase a residential property in a frontline position, as existing planning permission pre-dates the new Italian planning rules preventing residential complexes being build within 200m of the sea without special licences. >> view detail
	Villa Del Olivara - 2 bed penthouse in Calabria€187,841 Villa Dell Olivara is an exclusive development of just 308 superior-quality apartments and penthouses, situated on the charming coastline of Calabria known as “The Pearl of Southern Italy”. >> view detail
	Villa Del Olivara - 2 bed apartment in Calabria €183,758 Villa Dell Olivara is an exclusive development of just 308 superior-quality apartments and penthouses, situated on the charming coastline of Calabria known as “The Pearl of Southern Italy”. >> view detail
	Corallo Residence - 2 bed Apartments in Calabria£0 Corallo Residence and Spa offering a range of 1 and 2 bedroom apartments all finished to an exceptional standard. All properties will have fully fitted kitchens and will be pre-installed for air conditioning. The Spa will offer relaxing massages, saunas and beauty treatments with a host of facilities including; an outdoor running track, heated pool and tennis courts. The emphasis here will be on rest and relaxation, with strict planning controls in place the end result will be a green oasis sitting harmoniously in its surroundings. >> view detail
	Corallo Residence - 1 bed Apartments in Calabria£0 Corallo Residence and Spa offering a range of 1 and 2 bedroom apartments all finished to an exceptional standard. All properties will have fully fitted kitchens and will be pre-installed for air conditioning. The Spa will offer relaxing massages, saunas and beauty treatments with a host of facilities including; an outdoor running track, heated pool and tennis courts. The emphasis here will be on rest and relaxation, with strict planning controls in place the end result will be a green oasis sitting harmoniously in its surroundings. >> view detail
	Corallo Residence - Studio Apartments in Calabria£0 Corallo Residence and Spa offering a range of 1 and 2 bedroom apartments all finished to an exceptional standard. All properties will have fully fitted kitchens and will be pre-installed for air conditioning. The Spa will offer relaxing massages, saunas and beauty treatments with a host of facilities including; an outdoor running track, heated pool and tennis courts. The emphasis here will be on rest and relaxation, with strict planning controls in place the end result will be a green oasis sitting harmoniously in its surroundings. >> view detail
	Tropea Resort - 1 bedroom apartments in Calabria£96,635 Consisting of 44 luxury 3 bedroom villas with private pool, garden and rooftop solarium also offering 80 one and two bedroom apartments and penthouses with communal pools, tennis courts, bars, balconies and gardens. These properties will be finished to the highest specification including fully fitted kitchens with all white goods. With demands for rental property regularly outstripping supply we predict excellent rental potential. >> view detail
	Tropea Resort - 2 bedroom apartments in Calabria£111,130 Consisting of 44 luxury 3 bedroom villas with private pool, garden and rooftop solarium also offering 80 one and two bedroom apartments and penthouses with communal pools, tennis courts, bars, balconies and gardens. These properties will be finished to the highest specification including fully fitted kitchens with all white goods. With demands for rental property regularly outstripping supply we predict excellent rental potential. >> view detail
	Le Castella Resort - Two Bedroom Apartments in Calabria€168,950 Prestigious local developer and owner of the nearby Baia Degli Dei 4 star resort is also developing Le Castella Beach Resort and Residence. The first phase of 70 apartments is already under construction and will be part of a 600 strong development and consists of 1 and 2 bedroom apartments. Le Castella will benefit from a whole host of benefits and facilities. >> view detail
	Le Castella Resort - One Bedroom Apartments in Calabria€102,950 Prestigious local developer and owner of the nearby Baia Degli Dei 4 star resort is also developing Le Castella Beach Resort and Residence. The first phase of 70 apartments is already under construction and will be part of a 600 strong development and consists of 1 and 2 bedroom apartments. Le Castella will benefit from a whole host of benefits and facilities. >> view detail