EU Funding to Calabria – Cohesion Plan

February 4, 2012
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EU funding to Calabria (cohesion plan) has boosted the Italian government to render more improvements to the region. In December 2007, the European Commission approved the Calabria Regional Operational Program for 2007-2013. This program was derived from the Convergence Objective with a total estimated budget of €3 billion. Based on the context of Cohesion Policy for the period of 2007-2013, the program includes investments related directly to sustainable growth as well as jobs in line with the Gothenburg and Lisbon agendas.

It is expected that the program will lead to an added annual increase of 1.6% in the region’s GDP by 2015 as well as added annual increase of 0.3% in employment growth. Thus, it is expected that the program will create 43,500 new jobs by 2015. Female employment rates are also expected to increase to 40.2% as 16,500 net jobs for women are created.

There are nine priorities included in the Operational Program, which is expected to be achieved during the duration of the cohesion plan. These include R&D, innovation, and information society (approximate 10% of total funding); Energy (approximately 7% of total funding); Environment (approximately 12% of total funding); Quality of life and social inclusion (approximately 9% of total funding); Natural and cultural resources and sustainable tourism (approximately 12% of total funding); Networks for mobility (approximately 16% of total funding); Productive systems (approximately 14% of total funding); Cities, urban areas and territorial systems (approximately 17% of total funding); and Technical assistance and interregional cooperation (approximately 3% of total funding).

Strengthening Pound Boosts Summer Bounce in Calabria Property Market

February 3, 2012
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Sales and interest are up on Calabria property on the back of a strengthening Pound. In the last 7 weeks we have noticed a marked increase in enquiries into Calabrian properties, and in the last 3-4 weeks this has began turning into increased sales also.

We knew that the summer months would see the Calabria property market’s revival get a boost if the Pound strengthened, as analysts predicted.

Calabria is a unique place, the people never come to once because they always come back. Thus, Calabria began rising in popularity as a tourism destination last year, not least because of word of mouth from tourists returning happy.

Calabria property is a special opportunity for investors, because there is very little capacity for tourism. That is if tourism rises this year, there will be more tourists than there are hotel rooms and commercial places for them to stay. This means high occupancy levels on privately rented properties.

Last season occupancy on Calabria property was low compared to the likes of Spain, but holiday property owners were still making 6% rental yields because property prices were also comparatively lower. Occupancy will be slightly lower this season, even with the current bounce that we are seeing.

On our advice many of the buyers are therefore opting to buy off plan property in Calabria, property that will be finished and ready for rent in preparation for the growth expected next season.

Relocating or retiring to Calabria

January 30, 2012
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RELOCATING OR RETIRING TO CALABRIA

Many people have dreamt of buying a property in Italy; however, they are instantly discouraged due to high prices. However if you are looking for a cheaper option, relocating to Calabria could be exactly what you are looking for.

Calabria is one of Italy’s new emerging property markets, and is a great area to invest in Calabria property or as an area to relocate to. The property prices here are only a fraction of the cost of a property in the North of Italy (starting at only €46,000). As well as this the Cost of living is also said to be less than a third of the cost of living in the UK. Calabria is located in Southern Italy and enjoys good all year round weather. It is a narrow region, which extends to the Mediterranean, and possesses sandy beaches and bordered pine forests as well as stunning rock formations all along it expanse of coastline.

One of the reasons why Calabria has suddenly grabbed the attention of investors and tourists is that improvements on airports and other means of transportation have been conducted. Apart from offering low-cost airlines, Calabria has established new routes that are accessible from the United Kingdom as well as other areas of Europe and Russia. Direct flights also encourage tourists since it would only take two and a half hours from UK and some areas in Europe. One of the airlines offering direct flights is Ryanair, which flies five times a week from Stansted to Lamezia Terme Airport. ThomsonFly also operates flights once a week from Gatwick and Manchester.

The beauty of Calabria is alluring many people. In fact, many investors and tourists are already relocating to Calabria. The Sunday Times has recognized the region as having the best beach holidays while Amanda Lamb of A Place in the Sun has acknowledged Calabria as highly recommended.

The Italian government continuously encourages improvement on Calabria’s tourism. One of the most significant good news for investors is that the government is investing money in the region. The roads are being improved as well as the international airport with regular flights from Switzerland, Holland, United Kingdom, and Germany.

If you are looking to relocate to Calabria or relocate to Italy click here for further help.

Calabria Named one of Top 5 Sunny Destinations for Bargain Property and Great Beaches

January 29, 2012
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Overseas property portal Property Abroad.com has named Calabria one of the 5 best sunny locations for bargain property and great beaches. The author writes:

“You can’t have a beach-list for me, without including Calabria: Mediterranean beauty comparable to the favourite Tuscany, but property at half the price, and pristine beaches surrounding you on three sides. Most beach property in Calabria comes with sea-views owing to the fact that the land slopes upward away from the beach for the most part.”

Obviously Calabria is our favourite place in the world, and that is because of the great beaches and climate we are always praising, but it is always nice to hear someone else saying it too.

Calabria property is quite simply one of the best places in the world to make a mid-long term investment, be that a holiday-home investment or pure investment.

You have the fact that the area will never be over-developed to put constant upward pressure on prices, on top of the fact that it is in the established market of Italy, which among other benefits means it is comparatively easy for foreigners to get a mortgage to buy Calabria property.

Calabria property will increase in value by at least 100% in the next 5 years, and another 100% in the next 5 years, although this 200% increase could easily happen within 7 years. Once property values are 200% higher than their current level, growth will slow to the established market average of 10% per year.

Calabria Villas Just Euro112,500 New Release – 2 Bedroom 2 Bathroom!!

January 28, 2012
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VILLAS SERNO – Only €112,500

Serno Villas are perfectly positioned and offer views of both the Sea and the Mountains and are extremely well appointed on individual plots of varying size, with excellent interior and exterior finishes.

The Villas are generous in size with the 2 bedroom variety coming with 2 Bathrooms, 2 Balconies and large covered outside Terrace, as well as a well proportioned garden area.

For properties prior to build or at an early stage of construction it is often possible to customize to Clients particular requirements. Additionally, other features may be requested such as a swimming pool, which gives purchasers further options and flexibility.

With their ideal location, facilities and build quality these Villas offer outstanding value and with prices starting from ONLY 112,500 Euros, are proving to be a hot favourite!

For further details click here