Why
Invest in Calabria
Property
Calabria has a young property market and
even though the prices have risen by 30% in the last year alone the
price of
property is still very low compared to Italy's
other regions and most other
European destinations.
Tiny picturesque villages hug
the hills along the coast where a good
range of top quality property investments and resorts are being built
in breathtaking settings with amazing views and surroundings, both
mountain and along the coastline to cater for a wide range of tastes
and
lifestyle requirements.
So why are international property
developers and investors heading to Calabria?
Economical
Factors:
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Inward
Investment |
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The local and regional authorities
have recognised Calabria’s
tourism
potential and are actively encouraging tourism growth and investment in
the
region.
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Italy’s
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.
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| |
The Salerno
Reggio Calabria autostrada has been
improved and developed and The Lamezia Terme airport is improving
connections.
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| Excellent Tourist
Potential |
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The Calabria
region has always been a favourite
holiday destination with Italians looking for sunshine, relaxation and
peace
and quiet as well as active winter sports holidays in the beautiful
Alpine
mountains.
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Many new tourist resorts
are now being built in and around the traditional towns and villages
such as
Tropea, Mareta, and Crotone
for example
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Tropea
was given the number
1 beach holiday spot in The Sunday Times Top 20 Beach Holiday report
published
January 2007.
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The new residential tourist
developments offer
affordable holiday accommodation and second homes that provide
excellent
facilities and superb access to the dramatic scenery, pristine white
sandy
beaches, sparkling turquoise warm waters and historical sites and
attractions.
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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 tour operators and holiday companies’
brochures which inturn is encouraging more
and more people from both Italy
and other European countries to visit Calabria.
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The statistics for tourism
visitor numbers to Calabria
are steadily increasing as the area is gaining exposure, investment and
development. |
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| Property
Market &
Return on Investment |
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Last year property values increased
by more than 30%
according to an article in the Mayo Advertiser.
The value of properties is
predicted to increase by 15 – 20% per year for the next 5
years.
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Tourism is also increasing
year on year meaning good quality residential tourist resort properties
(like
the ones featured on our site) have excellent rental potential.
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Members of the EU have no
restrictions when buying Italian property.
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There are no restrictions
on non-Italian nationals who are members of the EU when buying
property.
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No capital gains tax if you
sell your property after 5 years, however if you sell before 5 years
you are
subject to Italian income tax.
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Inheritance tax was
abolished in 2001 if property is left within a family and there is no
wealth
tax in Italy.
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Non-resident mortgages are
available with 80% loans to value from leading a selection of high
street
financial institutions.
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Click
here to read about Calabria's natural attractions
To
learn more about this exciting new market including country / region
information, lifestyle, tourist attractions, places to see &
things
to do as well as property buying process and legalities; then make sure
you read the essential countrt and proeprty buyers guide....
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