Property in Calabria

 

Calabria in Southern ItalySituated at the southern tip of Italy’s famous ‘boot,’ and surrounded by the clear blue waters of the Ionian, the Tyrrhenian and the Mediterranean Seas lies Calabria, Italy’s southernmost province. An intoxicating blend of stunning mountainous regions, low lying valleys and picturesque beaches, Calabria is widely acknowledged as being Italy’s undiscovered jewel.

 

Calabria is itself split into five main regions, which range from Cosenza in the north, down to the beautiful region of Reggio Di Calabria at the country’s southernmost tip. Predominantly a mountainous region, the ever present sea is the constant throughout the Calabria region. A focal point throughout the history of the region, Calabria offers over 500 miles of beautiful coastline in the south of Italy.

 

Calabria benefits from a typical Mediterranean climate, allowing residents to back in year round sunshine throughout the region. The unique diversity of the geography of Calabria ensures it is one of the few regions where it is possible to ski in the morning, and bask on the beach in the afternoon.

 

Calabria also offers a wide variety of activies for you to indulge in, as skiing, golf, scuba diving, hiking, fishing and sailing are all widely available throughout the region. More relaxing activies are also available including mountain spa’s and day trips to the beautiful island of Sicily, only 3.2 kms away from Calabria at the closest point. 

 

Recent years have also seen the Calabria region becoming increasingly accessible from the major European hubs including the major markets of the UK and Germany. Investment in the airports in the Calabria region, coupled with the increasing number of cheap flights have seen tourism levels increase by over 20% in 2007.

 

The beautiful scenery, superb climate and wide array of activities throughout the Calabria region make it understandable to see why so many people choose to invest here. However, Calabria also presents a formidable fiscal argument for investing in the region, and these, coupled with the stunning natural beauty of the region ensure there is a good reason to consider investing in Calabria.

 

Whilst southern Italy has historically been considered a poor cousin to the affluent cities of the north of Italy, recent times have seen a considerable increase in investment in the Calabria region. In particular, the Italian government has pledged to invest over €100 billion into the region towards structural and infrastructure improvements. This increased level of investment is already coming to fruition, with improvements to the regional airport and road networks in the region.

 

Calabria also offers a considerable opportunity for capital growth, as the price of property in Calabria is still considerably lower than that of the north of country. A relatively young property market is undoubtedly still in a development phase, and last year saw property prices in Calabria increase by over 20%. Current estimates are for capital growth of around 20-25% per annum for the next five years.

  

Calabria also offers numerous tax incentives designed to increase overseas investment in the region. Inheritance tax was abolished in 2001, and this, coupled with the fact that there is no capital gains tax after a five period ensures property investment in Calabria offers the potential for substantial long term returns.

Villa Del Olivara - exterior

Villa Del Olivara - 2 bed penthouse in Calabria€187,841

Villa Dell Olivara is an exclusive development of just 308 superior-quality apartments and penthouses, situated on the charming coastline of Calabria known as “The Pearl of Southern Italy”.