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.
Strengthening Pound Boosts Summer Bounce in Calabria Property Market
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.