What is Driving the Calabria Property Market?

A lot of people are now considering buying Calabria property as either an investment or holiday home or more commonly both.

An emerging market with in an established market, Calabria has massive potential thanks beautiful coastline and nice sandy beaches , warm turquoise waters , magnificent mountain landscapes, affordable cost of living , current low property prices and first-class resorts and holiday properties being developed.

here are a few of the economic & financial points that are pushing the market forward and encouraging people to consider property in Calabria rather than other European holiday property markets.

Investment: The local and regional authorities have identified Calabria’s tourism potential and are actively encouraging tourism growth and investment in the region. the government is pledging 100 billion euros-worth of national and EU investment to the south coast including Calabria as part of a 2007 – 2013 cohesion plan.

Infrastructure improvements: The Salerno Reggio Calabria autostrada has been developed and improved and The Lamezia Terme airport is improving connections.

Excellent Tourist Potential: The Calabria region has always been a popular holiday destination with [the Italian people searching for relaxing piece & quiet seaside holidays | Italians looking for sunshine, relaxation and peace and quiet[/spin] as well as, would you believe it, active winter sports. Yes that’s right Calabria also has superb Alpine mountains ideal for skiing during the winter seasons .

Today dotted around and in-between the towns and villages you will discover a selection of new tourist property and resorts being developed near places such as Tropea, Pizzo, Mareta, and Crotone for example.

Tropea was given the number 1 beach holiday spot in The Sunday Times Top 20 Beach Holiday report published Jan 07 .

These new developments offer affordable holiday properties that provide first-class facilities and superb access to the dramatic scenery, pristine white sandy beaches, sparkling turquoise warm waters and historical sites and attractions.
Add to this the sunny weather, fantastic local cuisines and traditional Italian way of life that Calabria offers then it is no surprise that the region is now appearing on many holiday companies brochures. Meaning that more and more people from both Italy and other European countries are visiting Calabria.

The statistics for tourism visitor numbers to Calabria are steadily increasing as the area is receiving increased exposure, development & investment

Return on Investment: In 2007 Calabria properties increased in value by more than 30% according to an article in the Mayo Advertiser.

As stated earlier the number of tourists is also increasing every year meaning good quality residential tourist resort properties have excellent rental potential.

Published by Travel Buff on June 24th, 2008 | Filed under Travel Secrets |