A luxury homes developer has announced plans to build an exclusive villas development in Calabria dubbed The Seven Wonders of the World.
VFI Overseas Property released details of the plan, in Soverato, Calabria, a region of southern Italy seeing a boom in new homes construction. Because the beautiful region of Calabria has only risen in popularity in a big way in the last few years, the current costs for purchasing property in Calabria are very low, compared to prices for property in most other European regions, and are only a fraction of the cost of buying in other European dream tourist destinations.
VFI Overseas Property was launched just over two years ago and now has a turnover of over euro 100 million having introduced highly successful levels of professionalism to the property development industry in southern Italy, especially in the luxury homes market.
"This project will introduce a standard at the very top end of the luxury homes market to the southern Italian Riviera", said Antonio Velardo, overseas director of VFI. He added that the development is set in beautiful unspoiled countryside overlooking one of the best beaches in the area and it is just 50 minutes from Lamezia International Airport, an airport that has two-hour flights to northern Europe.
The 7 Wonders of the World is an exclusive development in Soverato, Calabria will feature homes with four bedrooms and three bathrooms overlooking a scenic beach. Velardo says the company made the community in honor of the 7 wonders of the world from antiquity. He said that the company is delighted to be at the forefront of this revolution in quality development and they intend to introduce more such exclusive communities in the future.
Aug 23, 2009
Italy will record gradual return to positive growth during 2010
The Italian economy will return to growth next year as external demand begins to offset the effects of the global financial crisis, According to the Arrigo Sadun, executive director for IMF for Italy.
"The country's economy has entered into recession, as the global financial crisis and ensuing slowdown intensified," the IMF report stated. It continued, "The recovery is likely to be slow and weak, reflecting underlying structural rigidities, lack of domestic competition, and the limited scope for a fiscal response."
Speaking to news agency AGI, however, Sadun pointed out that the more positive elements of the Fund’s report that the country's banking system remains solid, and its property market, while gently declining, is holding up.
"Although the global crisis is serious and intensify every day, for Italy, several elements are less dramatic than for other countries," Sadun said. "There is a growth problem, which is in common with other countries, but no financial market implosion, nor a collapse of the property market." Bearing this in mind, Sadun believes that Italy has a good chance of making a quick, if gradual, recovery from the global economic crisis as early as next year.
GDP will shrink 4.9 percent in 2009, employers lobby Confindustria said in a report in Rome, revising its March forecast of a 3.5 percent contraction. They predict that the economy will expand 0.7 percent next year. "The very deep economic fall in the first quarter of 2009 has eased in the second quarter. The recovery in exports and stocks will guide Italy's exit from the crisis in the coming months", Confindustria said in the report.
Meanwhile, the new estimate from Confindustria compares with projection by the Organization for Economic Cooperation and Development (OECD) and it forecasts 0.4 percent growth next year and added that Italy will record "a very slow return to positive growth during 2010," the OECD said.
"The country's economy has entered into recession, as the global financial crisis and ensuing slowdown intensified," the IMF report stated. It continued, "The recovery is likely to be slow and weak, reflecting underlying structural rigidities, lack of domestic competition, and the limited scope for a fiscal response."
Speaking to news agency AGI, however, Sadun pointed out that the more positive elements of the Fund’s report that the country's banking system remains solid, and its property market, while gently declining, is holding up.
"Although the global crisis is serious and intensify every day, for Italy, several elements are less dramatic than for other countries," Sadun said. "There is a growth problem, which is in common with other countries, but no financial market implosion, nor a collapse of the property market." Bearing this in mind, Sadun believes that Italy has a good chance of making a quick, if gradual, recovery from the global economic crisis as early as next year.
GDP will shrink 4.9 percent in 2009, employers lobby Confindustria said in a report in Rome, revising its March forecast of a 3.5 percent contraction. They predict that the economy will expand 0.7 percent next year. "The very deep economic fall in the first quarter of 2009 has eased in the second quarter. The recovery in exports and stocks will guide Italy's exit from the crisis in the coming months", Confindustria said in the report.
Meanwhile, the new estimate from Confindustria compares with projection by the Organization for Economic Cooperation and Development (OECD) and it forecasts 0.4 percent growth next year and added that Italy will record "a very slow return to positive growth during 2010," the OECD said.
Aug 13, 2009
Rural lifestyle attracts British property buyers
The unspoilt countryside of southern Italy is becoming an increasingly popular location for Brits to pack up their bags and escape to, one industry expert has claimed.
Director of Homes in Italy Mark Slaviero said that the Italian "rural lifestyle” has attracted several second home buyers and retirees from the UK. He revealed that the affordable prices and undeveloped countryside of regions such as Puglia and Calabria have created widespread interest among overseas buyers.
Mr Slaviero commented: "It's not as developed as other parts of Italy and I think that does attract people - combined with the prices, it does make it very attractive."
According to VFI overseas property, Calabria in southern Italy offers those purchasing international property a "heavenly" lifestyle. The region offers stunning views of the Coast and attractions such as Tropea, "Italy's answer to St Tropez", with restaurants, bars, narrow old streets and a new marina from which visitors can sail, windsurf or take boat trips. Those buying overseas property as a holiday home or to live in either in retirement or emigration - are back out in force and Italy is becoming one of the biggest benefactors, the portal has revealed.
In related news, Write about Property recently suggested that offshore property buyers are becoming increasingly interested in Calabria, particularly Britons. The portal added that the region is expected to witness a surge in demand since the pound started to strengthen against the euro, with off-plan international property offering good opportunities for purchasers to haggle.
Director of Homes in Italy Mark Slaviero said that the Italian "rural lifestyle” has attracted several second home buyers and retirees from the UK. He revealed that the affordable prices and undeveloped countryside of regions such as Puglia and Calabria have created widespread interest among overseas buyers.
Mr Slaviero commented: "It's not as developed as other parts of Italy and I think that does attract people - combined with the prices, it does make it very attractive."
According to VFI overseas property, Calabria in southern Italy offers those purchasing international property a "heavenly" lifestyle. The region offers stunning views of the Coast and attractions such as Tropea, "Italy's answer to St Tropez", with restaurants, bars, narrow old streets and a new marina from which visitors can sail, windsurf or take boat trips. Those buying overseas property as a holiday home or to live in either in retirement or emigration - are back out in force and Italy is becoming one of the biggest benefactors, the portal has revealed.
In related news, Write about Property recently suggested that offshore property buyers are becoming increasingly interested in Calabria, particularly Britons. The portal added that the region is expected to witness a surge in demand since the pound started to strengthen against the euro, with off-plan international property offering good opportunities for purchasers to haggle.
Subscribe to:
Posts (Atom)