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Calabria Property Investment: A Powerful Package

Calabria is an often overlooked part of Italy which offers much better value for money than the northern regions. Property in Calabria is often substantially less expensive than better-known regions and because of this, is likely to give a better return on your investment.

Tourism to this area is increasing and the Italian government has already identified southern Italy as being an area full of natural resources and with great historical interest.

As such this whole area, including Calabria is the subject of €100 billion worth of investment from the EU. This investment plan began in 2007 and will continue until 2013. The result will be a greatly improved infrastructure which is already attracting more tourists.

What’s more the local airport at Lamezia serves direct flights from London Stansted, Heathrow and Gatwick, with Ryanair launching new routes to the airport from the UK last month.

Calabria is ideal for people interested in culture, fine dining, relaxing on the beach or even skiing, and this wide diversity within the region substantially increases the rental opportunities.

Its close proximity to the UK makes it ideal for second home owners wanting to escape for long weekends, while still being able to generate income from tourists. This area has been highlighted as one of the emerging markets in Europe, and anyone can see the potential for property price appreciation in the coming years.

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Improved Picture in Italian Property Market

Commercial property in Italy brought investors an average 5.2% yield in 2011 according to the latest data from the IPD Italy Annual Property Index. This is a massive improvement on the 0.8% yields recorded in the sector in 2009.

It is not all good news though. According to the data the growth was fuelled by increasing occupancy and income returns, capital values continued to fall in 2010. Capital values have fallen 7.8% in the 2 years 2008-2010, although 2010 saw the rate of decline slow greatly, from -4.6% in 2009 to just -0.5% in 2010. This, according to the experts means that we are now looking at a bottom in capital depreciation. However, rental values also fell, according to the index rents were down 0.7% in 2010.

On the bright side vacancy rates fell to 7.3%, the first fall in vacancy rates since 2007, and income returns increased by 10 basis points to 5.7%. This was the highest income return seen for 5 years.

Residential property in Italy is also thought to have bottomed, despite the turmoil in the European economy. According to the latest release of data from the Bank of Italy prices fell just 0.3% in the year to end the first half of 2010. This was echoed by Nomisma, and indepdent think-tank which recorded a 0.6% decline during the same period. Because prices in Italy have not seen a steep decline during the crisis, prices are now thought to be stable at their current level.

Calabria can take its fair share of the credit for this. According to reports from real estate agents sales have recovered well since early 2009, and are currently thought to be returning to pre-crisis levels.

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New flights to Calabria 2013

Sacal  has once again made an agreement with Ryanair  to fly directly from London to Lamezia starting in March 2011.  Flights and now bookable through their website from only €60 return.    Other direct flights in 2011 will be Bergamo, Pisa, Bologna, Trapani, London, Dusseldorf, Brussels, Barcelona and Frankfurt, adding from the already large amount of routes available to access  Lamezia.

This is good news and increases in the ease of access to this region of  southern Italy.

Category : News

Calabrian Property Regaining Popularity

Calabria property is regaining the popularity it lost at the hands of the so-called credit crunch according to a slew of recent reports. Most recently we have the new flights from Ryanair, linking Lemezia Calabria to Brussels, London, Barcelona, Dusseldorf, and Stockholm. This not only shows us that tourism to the region is back on the up, but also increases accessibility and boosts this growth.

Rising tourism is good news for the property market for two main reasons. The first is that it increases the pool of rental occupants for those looking to rent out Calabrian property when not in use. And secondly because Calabria’s unique package means a high proportion of tourists will go on to become property owners in the region.

What unique package I hear you ask. Well, most of you will know its core strength, that it offers property at the prices found in emerging markets, within the safety, stability and security of the established, regulated Italian property market. But more than that, Calabria is a coastal location with two unique and equally beautiful coastlines. To the west you have the Tyrrhenian Sea and to the east the Ionian Sea, both set amidst Calabria’s fantastic climate. Sloping up from the sea, even buyers who buy a little back from the sea still get views in Calabria. As a result when people come they want to stay.

The climate is of course another strength. As  we hear more about Spanish tourism falling, along with rising costs, the seering heat is also being mentioned. Whilst being warm with comparatively low rain levels, Calabria’s temperatures are much cooler, whilst still being warm enough to swim in either of the oceans.

This powerful package is once again gaining the recognition it deserves and Calabrian property is back on the path to becoming one of Europe’s top property choices.

Category : News

Investment to Bring Growth to Calabria

Investment to Bring Growth to Calabria, Strengthening Calabria Property

Calabria is back on the path to becoming one of Europe’s top property choices, regaining the limelight that it, along with all overseas property hotspots lost when the crisis caused desire to buy overseas property to die in all but the super wealthy.

Italy has long been one of the most popular tourist destinations in the world, and the likes of Tuscany and Chianti have been among the most popular destinations for overseas property purchases, though they quickly became too pricey for the majority of buyers.

Here comes Calabria, offering all that is quintessentially Italian. Naples to the north, Sicily to the south, oceans to the east and west and a fantastic climate — what more could you ask for? Low prices? That is arguably Calabria’s main strength. For people priced out of Tuscany, Chianti and even Naples and Sicily can easily afford to buy property in Calabria. Please use the links to find out more about Calabria property.

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Lamezia’s airport set for higher passenger arrivals in 2011 Calabria

Lamezia airport in the Southern Italian region of Calabria has released strong passenger growth figures of 16.2% in 2010, the highest increase anywhere in Italy! With Ryanair increasing its flights to Lamezia airport in 2011, the airport is expecting a further 2 million more travelers in 2011.

This shows the continued strong growth for Calabria.

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About Us

Calabrian property offers the most comprehensive selection of desirable property in Southern Italy.

From our Head office in Calabria we offer 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.

For a personal consultation please call us Tel: (+39) 0964 040376 or email us on info@calabrian-property.com

Testimonials

The Calabrian Property team made the process involved in buying a property in Calabria very simple. I was guided right from the beginning to the very last step of the process. After this good experience, I am considering investing a second time round. Thanks for all your help”

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