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ITALY | Country Overview | About | Property | Investment in Italy
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Italy Overview | Property in Italy
Situated in Mediterranean Europe, Italy has land frontiers with France in the north-west, Switzerland and Austria in the north and Slovenia in the north-east. The peninsula is surrounded by the Ligurian Sea, the Sardinian Sea and the Tyrrhenian Sea in the west, the Sicilian Sea and the Ionian Sea in the south and the Adriatic Sea in the east.
Italy has always been considered one of the most desirable and therefore one of the most expensive places to buy a holiday home, or so you might think…
As a long standing member of the EU you might expect property prices to be similar to that of Spain or France, and to a certain extent, if you were looking at some of the established fashionable resorts of Rome, Florence and Milan, you would be right. Traditionally Italy has had a large north/south divide with the south being seen as the poorer cousin of the wealthy north.
This however is set to change, the local and regional authorities recognise the potential that tourism and property investment has in pushing the regions economy forward. Huge sums of government money has been poured into Southern Italy since the War, modernising infra-structure, transport communications, new motorways linking the seaside towns to the national network and airports, industrial grants, irrigation schemes, and modern communications have been put in place. Europe’s largest bridge is to be built, linking Sicily to the mainland. Both Easyjet and Ryanair are already operating direct flights into Italy with other budget airlines sure to follow. Ryanair are already offering direct flights to the southern Italian airport of Lamezia.
With a southern European climate, dramatic coastlines, a relaxed Mediterranean lifestyle, government funded improvements to infrastructure and amenities, a number of planned golf courses, established and growing tourist market, a strong demand for rental property during the holiday season and property prices that have a long way to go before they come close to matching that of their northern neighbours now is the perfect time to buy in southern Italy.
Property in Calabria | For Sale
With prosperity slowly moving south, early investors have already recognised the potential of areas such as Calabria, occupying the toe of Italy, it is an area of extraordinary beauty, rich in a history that dates back to its role at the heart of the Magna Graecia of Classical antiquity, and far further back. Explore its valleys as you search for Italian property for sale and you will discover a culture seemingly untouched by recent centuries. The peninsula, which reaches out to kick Sicily has coast on three sides of course. The coastal regions rise up to rugged mountains, home to ancient villages and abandoned villages and farmhouses.
At the very toe of Italy, and facing Sicily across the Strait of Messina, is Reggio di Calabria, the provincial capital. With a population of 180,000 this is Calabria’s biggest town by some way. Unspoilt, idyllic and the best kept secret in Italy, Calabria is one of the most beautiful areas of the country, with a relaxed Italian way of life and perfect year round weather it is surprising to learn that the area is also home to a number of ski resorts. There is a beautifully restored seafront and promenade that faces Messina and Sicily across the Strait. Its position is certain to make Reggio a holiday hotspot and this is certainly a town to watch for those with an eye on Italian property.
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