Italy is becoming all the focus for real estate investments and naturally many of us will love to know the hot spots or locations where you can get the best deals. If you're on a budget, experts advice that you should take a close look at the opportunities in Italy as there are still plenty of properties in Italy for under £80,000!
We have provided below a list of the top 4 locations where you would love to buy your dream Italian property.
CALABRIA
Experts generally assess Italy on the whole as quite a mature market, but emerging regions like Calabria are still deeply undervalued, low risk and offer a real long term possibility of capital appreciation. Calabria is easily accessible via either Reggio Calabria or Lamezia airport, both of which offer direct flights from the UK.
Calabria's southerly latitude makes for warmer winters than the north and a sunny Mediterranean summer in which to enjoy the beaches on both the Tyrrhenian and Ionian seas that border it. The natural beauty of this region seems to have largely escaped the attention of international buyers of property in Italy. The foregoing means prices are lower and Calabria would easily be termed an emerging market within an already matured one.
TUSCANY
Tuscany bears a resemblance with Calabria in that it has until recently remained out of the orbit of international buyers of property in Italy. Tuscany is the top choice for that rural Italian idyll and the increasing popularity and influx of both local and international admirers of Tuscan charms has come at a price, with majority of the properties now off budget.
There are, however, some exceptions like in Lunigiana, in the northern tip of Tuscany. Properties prices here are still relatively low and this unspoilt pocket of Tuscany offers good investment potential. We reckon this opportunity wouldn't be there for long as Lunigiana is now served by three airports nearby at Pisa, Genoa and Parma, all of which are served by low cost airlines.
UMBRIA
Umbria is very similar to Tuscany as it's a neighbouring region, however, Umbria doesn't have the fast growing reputation of Tuscany so property prices are generally cheaper in the area than neighbouring Tuscany. The main city within the region is Perugia and although the city has a major airport, the low cost airlines have yet to introduce flights to Perugia. The introduction of low cost flights to the area is likely to increase property values significantly. Properties in the acclaimed tourist regions of Umbria such as Orvieto and Assisi in the south are relatively more expensive. You are however likely to pick up a bargain investment in the Northern towns such as Umbertide or Citta di Castello.
ITALIAN LAKES
The Italian lakes are one of the most popular holiday and property regions of Italy. They offer some of the finest scenery in the whole Italy and for this reason the property is high in demand is usually sold for a premium. The two most popular lakes are Lake Como and Lake Maggiore.
Rupert Fawcett of Knight Frank says that across the lakes prices have stabilized after strong growth, but that property prices "will continue to rise for those very important and unique properties (especially waterfront and especially on Lake Como), which are for sale in a very limited supply, and often through private 'off-market sales'."
Visit VFI Overseas Property website for a wide selection of villas and apartments in the Calabria Real Estate ; market Permission granted to re-distribute this article granted as long as a link to our website remains.
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