Calabria Property: A Unique Opportunity

Calabria property truly is a unique opportunity; it offers buyers the chance to buy into the safety of an established market, with the growth potential and at the prices you would expect to find in an emerging market.

This is because it is in the south of Italy, which is an established market, but was only discovered by tourists in the last few years. Tourists looking for new parts of beautiful Italy to explore, who quickly found the virgin beaches and glorious sunshine of Calabria of great appeal.

Calabria Property: The Back Story

Calabria property sprang onto the radar of overseas property investors in a big way in 2008, when it received its first wave of off plan developments on the back of massively rising tourism. Among its strengths were property price growth forecasts of at least 10% per annum, and rental yields of 6%, which would grow in line with the rising tourism.

Though the Calabrian property market has not been directly affected by the international downturn that descended on the world in the final quarter of 2008; like so many other places it has been indirectly affected by the lack of foreign buyers. This meant that it did not reach its property price growth forecasts. But this is a good thing, because it has all that pent up growth potential stored for when the international economy recovers.

Why Choose Calabria Property

Calabria is set to become the next Tuscany in terms of popularity with tourists and overseas property buyers, yet Calabria property can currently be bought for a fraction of the price. This gives way to forecasts that Calabrian property will double in value over the next 5 years and treble within 7 years.

In terms of rental: occupancy of Calabria property is currently around 60-70%, which gives the rental yield of 6% net mentioned above. However, tourism to Calabria is rising and rental yields will rise as occupancy and rental rates increase.

Calabria Property for sale: Best Buys

Indirectly affected means that Calabria property developments that were launched last year and being sold off plan have not been postponed or cancelled. This means you can currently buy Calabrian property off plan, and get the off plan discount on properties that are almost complete.

Calabrian property is currently marketing dozens of Calabria property for sale, prices start from €46,000.