Reduced-price and cheap Italian property
The idea of buying a home in Italy has long appealed to generations of visitors, thanks to Italys stunning landscapes, world-famous cities such as Rome and Florence and its centuries of rich tradition. Now, with the current economic climate, it has become a lot easier to find reduced and cheap property in Italy.
The Italian real estate sector has traditionally offered better value than say, the US or UK market – and that holds even truer nowadays.
South-central and southern regions of Italy – such as Abruzzo, Basilicata, Calabria, Campania and Molise – may not be as popular as better-known areas such as Tuscany and Umbria, but they have infinitely more affordable property, with prices often up to 50 per cent cheaper.
As an example, as of 2012-13, just €25,000 can buy a one-bedroom apartment just a couple of minutes walk from the beach in parts of Calabria.
In addition, southern regions such as Calabria boast some of Italys most beautiful beaches; they have regular and improving air links to the rest of the world; and, as up-and-coming tourism hotspots, boast excellent rental potential.
That said, even in Tuscany – which as Italys most popular region attracts one in three of the 43 million annual visitors to the country – there are increasingly affordable bargains if one looks in the right areas, chiefly the Maremma, to the south of Tuscany, and hilly Lunigiana, to the north of the region.