Property in Italy

INTERNATIONAL PROPERTY INVESTMENTS 2000

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The world’s love affair with Italy stretches over many centuries – from the time when Rome ruled much of Europe to the invasion of modern Tuscany by the British, Tony Blair included, to the extent that it has been labelled Chianti-shire. The ruins of the Roman Empire, Renaissance poets, painters and scientists are the attractions that brought the sons of the landed gentry on the Grand Tour – the forerunner to modern tourism – three centuries ago. The bright and sumptuous landscapes are home to three millennia of history, culture and cuisine and from this boot-shaped protrusion into the Mediterranean have come many of the civilising influences that shape the societies of Europe and America.

It may have begun with the Roman Empire, but Italy has been influencing the rest of the world over many centuries through global movements such as the Catholic Church and it was at the heart of the biggest revolution in thought and art in a millennium – the Renaissance.

From the mountains and lakes of the north and the wonderful countryside, medieval hill towns and great cities of central Italy, to the spectacular coastline and amazing rural spaces of the south, it probably offers more opportunities to enjoy la dolce vita than any other country in the world.

Today, Italy is a highly-developed country – it has the seventh highest GDP in the world, is a member of the G8 and a founding member of the European Union. It has a diversified industrial economy, roughly on a par with France and the UK. It is divided into a developed industrial north and a less-developed, agricultural south. Over the past decade, Italy has pursued a tight fiscal policy in order to meet the requirements of the Economic and Monetary Unions and has benefited from lower interest and inflation rates.

Tourism income was up by a fifth in 2006 while property prices are still low when compared with other Mediterranean countries. As a result, some regions are establishing themselves as promising investment opportunities. Prices may be higher in and around the larger cities of the northern half of the country and in popular hotspots like Tuscany, but they offer good capital returns. Meanwhile southern Italy is now seen as a very promising emerging investment market, especially in areas such as coastal Calabria.

Like so many other parts of Europe, Italy’s tourism is growing faster as the number of regions served by low cost airlines increases, making holiday homes and buy-to-let investments more popular than ever before. Interest in the south as a tourist destination and rural getaway is gathering pace while prices remain lower here than in the rest of the country. In 2005 the average capital growth for property in Italy was a healthy nine per cent and some locations are seeing a 20 per cent growth each year. This is in part due to property tax reform which offers substantial benefits on rural property.

Calabria, tucked away at the toe of Italy is a forgotten corner of Europe. For years the Italians who holiday here each year have had it to themselves. But that's all about to change.

Calabria is widely tipped to be the next investment hot-spot, which is being dubbed the new Italian Riviera. Prices starting from €76,000, investors are snapping up apartments in the region where capital appreciation is expected to reach 15-20% annually for the next 5 years.

Southern Italy…. Live the Dream

Italy has always been one of the most desired destinations in Europe. It is lamed for its wonderful cuisine and culture and in the south of Italy lies the beautiful unspoilt region of Calabria, one of Italy's best kept secrets.

The Italians have holidayed in the region for years and it has some of Italy's best and most beautiful beaches. It is a region of natural beauty, steeped in history, art and culture.

More importantly this undiscovered part of Italy is affordable, both in terms of the cost of the property and day to day living.

Southern Italy has something to offer everyone—beautiful beaches, forests and rivers, spectacular mountains and skiing, a clear blue unspoilt sea, natural spas, magnificent national parks and a fantastically rich culture of opera, classical music and art.

Calabria , the southernmost province of Italy is surrounded by the crystalline waters of three seas, the Mediterranean, Tyrrhenian and Ionian seas. Across the Ionian Sea lies Sicily, and beyond it the East coast of Tunisia on the African mainland, easily accessible by ferry. Around the region is 800 kilometers of the richest most scenic coastlines that Italy possesses.

I.P.I. 2000 has sourced some of the best developments available and we are able to offer our clients a chance to view the area and the projects.

International Property Investments 2000 ( I.P.I. 2000 ) is a trading style of David J.M. Rowe S.L.

Distressed Property Brokers offering Distressed and Off-Plan Property