Property in Calabria
The Italian region of Calabria is unique – those who are familiar with much of the Italian landscape are truly stunned when they visit Calabria because of its dramatic coastlines, rugged peaks and array of castles and ancient ruins that make an inimitably beautiful backdrop to the Ionian Sea and the Tyrrhenian Sea which border the district to the east and west respectively.For some unfathomable reason Calabria was never considered a fashionable or desirable part of Italy until today – possibly because those who lived there and knew about it wanted to keep it a secret? Today the secret is out and Calabria is becoming better known – so much so that all of a sudden Calabria property is receiving intense focus from second home seekers. We take a closed look at the latest Italian property market to emerge.
Calabria is in Southern Italy – it forms the toe part of the Italian peninsula and is only just separated from Sicily by the Messina Channel. To access the region you can fly from across Europe to Lamezia Terme and because Calabria is becoming better known, so more flight operators have launched services to the region’s nearest airport. For Britons wishing to access the delights of Calabria for example they can fly from Stansted, Manchester or Gatwick.
Property in this part of Italy was never really affected by the booming Italian city markets or the intense overseas interest in regions such as Umbria and Tuscany. This means that today Calabria property is affordable – away from the coastal areas apartments and town houses start from as little as EUR 45,000 – 90,000 but don’t even think about taking your time to make a move. Media focus has arrived in Calabria and so have the property hunters and bargain seekers, estate agents and assorted property market professionals, this all means that property prices are on the way up.
The most popular resort by far is currently Tropea – it is highly accessible and has something of a micro climate meaning that it has almost year round tourism appeal. Properties here start from around EUR 90,000 for a small apartment and so those hunting for a bargain should go a little further afield.
Tropea is for “The Times” the most beautiful in Europe
Like a fractured metatarsal on the foot of Italy, the Tropea promontory juts out into the turquoise Tyrrhenian Sea, its superb white-sand beaches shielded by high cliffs. The town of Tropea pulls off a rare trick by managing to be both fashionable and unspoilt, a maze of steep narrow streets, Renaissance churches and yellow-stone palazzi.
Ryanair (0871 246 0000, www.ryanair.com) flies from Stansted to Lamezia, 38 miles away
A cheaper alternative to Tropea is Greek influenced Bianco and those in search of a real bargain area where they will find some of the most beautiful views in the world, a stunning climate and an exceptional quality of life should travel the Cedar Trees Riviera (Riviera dei Cedri) and check out the beautiful villages and property opportunities in this area. This part of Calabria on the west coast is less accessible though which is why prices are currently remaining low. For anyone looking for a holiday home or perfect retirement retreat this won’t matter much – on the other hand, anyone looking for an investment opportunity may find it hard to let out such property.
One of the secrets of tapping into an emerging property market is defining your reason for purchase and then finding the most suitable property to match your market aspirations. This means that those looking for investment properties will have to consider accessibility and infrastructure and finding a property that will be of desire to potential tenants whereas those looking for a private hideaway or a retirement retreat just have to find a property that suits them. Rest assured Calabria has solutions for everyone…
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