Basilicata region of Italy - the next big thing?

Prospective investors in the Italian market have been pointed towards the Basilicata region of Italy and it has been hailed as the "undiscovered jewels of Italy" by a top website.

E-Blackboard.com says that a visit to the region brings back old memories. Basilicata is a mountainous region in southern Italy, divided into two provinces - Matera and Potenza instep of Italy's boot between Apulia and Calabria. Basilicata has become considerably richer over the past couple of years because of the discovery of oil. Tourists are fascinated by the stunning architecture, medieval castles, the magnificent lakes around Venosa, stone cliffs of matera, the spread of golden wheat near Potenza and the numerous small ancient villages that dot the hillsides.

Basilicata region's newly accessible market has generated new opportunities for investors to make gains; however, it is still in earlier stages and is among those that offer the "good chance" for investors to achieve capital growth. So far, the area has been largely undeveloped as a market for investors but the region has certainly aroused interest among investors, many of whom are looking at either the investment potential of the region or the possibility of snapping up the wonderful holiday home.

Tourism is likely to increase in the region, resulting in further development. Moreover, property prices are still comparatively low and the unblemished nature of the region means investors have their pick of desirable locations to choose from.