Calabria has an emerging property market and even though the Calabria property 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

One would expect the cost of property in Italy to be high and they are in the North and traditional destinations like Tuscany. This is because Italy does have a lot of wealth and cultural treasures especially in many of the traditional cities like Rome, Venice, and Milan for example where property prices are quite high .

However there is quite difference with regard to the wealth of the north of Italy and the more traditional destinations than that of the southern most regions and especially Calabria which has traditionally relied on farming and agricultural sources of income.

And because of the lack of wealth and lacking infrastructure in Calabria the price of properties is currently much lower. This of course is changing as the region is gaining more investment and exposure which is leading to Tourism growth and interest from overseas property investors, the market is now growing rapidly.

The region has received vast sums of EU money to improve infrastructure and is also receiving a considerable amount of private investment as well.
Small picturesque villages hug the hills along the coastline where a good range of top quality resorts are being built in fantastic settings with amazing views and surrounding both in the Mountain and along the coastline to cater for most tastes and lifestyle requirements.

Here are a few of the reasons why Calabria property investment is increasing in popularity

- Members of the EU have no restrictions when buying Italian property.

- There are no restrictions on non-Italian nationals who are members of the EU when buying property.

- Inheritance tax was abolished in 2001 if property is left within a family and there is no wealth tax in Italy.

- Non-resident mortgages are available with 80% loans to value from leading a selection of high street financial institutions.

- 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.

- As mentioned Calabria has an 800 km of the richest and most beautiful coastlines that Italy possesses, you will find secluded coves, picturesque seaside towns, and dramatic awe-inspiring cliffs where the mountains plunge into the sea.

- Calabria is an un-spoilt and beautiful part of Italy. You will find an abundance of picturesque coves with white sand beaches, crystal clear warm waters and quaint seaside towns and villages.

- To the north are stunning high mountains and alpine ranges that offer superb skiing and snowboarding locations.

- The value of property in Calabria is predicted to increase by 15 – 20% per year for the next 5 years.

In summary the {spin]fantastic | pristine[/spin] environment, including white sandy beaches, magnificent landscapes, exotic plant life, and clear warm waters

As well as the huge tourism growth and political stability and encouragement Cape Verde property investment really does deserve your attention.

For more information about Calabria property investments then visit www.calabria-property-investment.co.uk and download your guide.

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