Jun 26, 2008

Italy coming up with modern, fresh and low density developments

Apartments in Calabria
Linda Travella, broadcaster and founder of Casa Travella, stated that overseas property investors are returning to established property markets such as Italy. Italy's property market was considered unknown territory few years back and Spain was firm favourite among British holidaymakers. Twenty years ago, Italy's property market offered mostly properties which required great deal of renovation. Italian property market has changed radically, now offering many modern, fresh and low density developments compared to many other tourist destinations.

Ms. Travella also said that Italy's good infrastructure is an attraction and the country has the lifestyle requirements for the overseas investors. Foreign Property Buyer stated that many property investors are looking towards more stable economies with good infrastructures combined with heritage and culture like that of Italy rather than emerging markets because they are not guaranteed to meet these criterion.

The Calabria region is becoming increasingly trendy among foreign property buyers, while remaining affordable. Prices are quoted as being in the region of £25,000 for a furnished medieval village home while a beachfront apartment in Calabria is available from £32,000.

Eddy Crompton, director of Realpoint Property has said that Realpoint is now offering a number of new developments in Calabria which offer the best value for money around. Realpoint Property is presently marketing developments range from studio apartments to three-bedroom villas in six locations in Calabria. Property prices start from £30,000 for a studio apartment and £100,000 for a three-bedroom villa.

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