Investing in Southern Italy

Southern Italy represents one of the finest investment opportunities in Europe. It posseses all the benefits without the inflated property prices of the more established northern Italian market. With miles of unspoilt coastline, rich in culture and steeped in history, it has long been a well kept secret by Italians and has a very strong homegrown tourist trade. The Italian government are ploughing €100 million into the area to improve infrastructure and to bring in more foreign investment making this already economically strong country even more attractive. With year on year capital growth predicted at 20-24% the potential of this intoxicating area is enormous.

Peace of mind ....

All off plan developments in Italy are bank guaranteed, giving you added reassurance when investing your money. The developer provides an insuranced backed guarantee to the purchaser for the amount that they are investing prior to the final notary payment, i.e 50% of the asking of the price.

Investment ... 

The government and most importantly the European Union, have to date invested in major infrastructure projects in Southern Italy, upgrading the road and transport links. Over the next few years there is still significant investment planned with €100 million to be spent on improving infrastructure.

Climate ...

Southern Italy due its position has long hot summers and mild winters, with a climate offering good temperatures all year round.

Average Climate Figures

January - Low 8 degrees -  High 16 degrees

April - Low 11 degrees  - High 20 degrees

July - Low 22 degrees - High 32 degrees

October - Low 17 degrees - High 25 degrees 

Accessibility

There are currently several low cost airlines such as Ryanair, Easy Jet Alitalia and Aer Lingus flying from London, Manchester and Dublin with the added benefit of a short 2.5 hour flight.

Tax benefits

No Capital Gains Tax when you hold the property for five years, plus clients can rest assured that there is a double treaty taxation in place between the UK and Italy. No Inheritance Tax. Inheritance tax was abolished in 2001.

Capital growth

In 2007 property prices increased by 20%. According to Media reports and studies prices are expected to increase by 15-20% per year for the next 5 years. The main reason for this, is that property is still half the price of property in the more established areas of Northern Italy, and with increasing International market place, Calabria is expected to make significant growth over the next five years.

Beaches

Southern Itay has some of the best beaches in Italy, with most beaches having the prestigious blue flag award. Tropea was awarded the number one beach holiday location in The Sunday Times Top 20 Beach Holidays.

Tourism

Tourism predicted to rise year on year offering fantastic rental potential on your property if required. With more and more tour operators adding Calabria to their holiday destinations

Activities

There are numerous activities in Southern Italy, from walking in the beautiful mountains, sight seeing the historic buildings, a full array of water sports including diving, sea and lake fishing. There are also excellant cycling possibilities and there are existing and new PGA  golf courses planned. In the winter months Calabria has an established ski resorts in the mountains around Silla, making this region a mekka for activities.

Culture 

Steeped in history, art and culture Calabria has many beautiful beaches, historical sites and places of interest for the more intrepid traveller.

Food

Southern Italy has some of the best food and wine selection in italy. It is where most of the produce is farmed or grown for the use throughout Italy, and supplies the rest of Europe direct with many of its produces. It has exceelant organic foods ready availible and is known for its honest and simple foods which derive from the sea and the land.  

EU member

No restrictions on members of the EU when purchasing a property in Italy.