Your number 1 partner when buying property abroad
At the heart of the Mediterranean, Italy, the boot shaped peninsula, is the main thoroughfare linking southern Europe to northern and central Europe. Before the country's unification in1861, Italy was divided into independent states, each of which evolved separately, which is why Italy's rich culture is so diverse and versatile. The capital city of Rome is rich in history and has played a significant role in the cultural, business and political importance of the country, hosting headquarters of three of the world's 100 largest companies.
With northern Italy the industrial and commercial centre of the country,
the south has remained largely untouched and has been a key agricultural
zone with beautiful and deserted white sandy beaches, enchanting countryside
and rustic Italian charm. Southern Italy has only now become a property
hotspot, with investors snapping up properties which represent great value
for money in one of the most charming and idyllic places in the world.
Well-known for its high-end luxury-goods sector, Italy is home to many
famous brands like Maserati, Ferrari, Lamborghini and of course Milan,
the major fashion capital of the world attracting international “big spenders”.
TOP 10 REASONS TO INVEST IN ITALY
Italy is without doubt one of the most beautiful and peaceful places in the world, boasting a diverse scenery, with snow-capped mountains, lowlands featuring gentle rolling hills and green forests, to the stunning and sophisticated coastlines with white sandy beaches and turquoise waters. Interspersed with magnificent architecture, wonderful food and wine plus inspirational arts, is it any wonder why tourists flock to this wonderful country.
Already the fourth major destination in the European economy and the seventh largest financial system in the world, the property sector has enormous potential for growth with investment opportunities in areas like Calabria selling some of the cheapest real estate in Europe and upto 70% cheaper than areas like Tuscany.There are tax advantages for property retention of more than 5 years with no capital gains tax on profits and wealth tax has now been abolished.
Although tourism development in the underdeveloped regions is encouraged, strict building controls have been put in, which has led to a noticeable undersupply of quality holiday property. Nationwide property prices are currently rising at around 7%, but prices in the less developed, sought after areas of the south, are increasing at a rate of upto 25% per year, which is set to continue at a rate of about 15-20%.
Italy’s best kept secret of Calabria has 500 miles of stunning beaches, turquoise blue seas and deserted beaches with a mountain back drop, and just 20 minutes from Lamezia Terme International Airport, making it a key area for investors and tourists.
The Calabrian province is now benefiting from €1.2billion in EU and Italian Government funding to improve infrastructure and facilities, which is more great news for investors.
Enjoying a strong and stable domestic market for second homes in Europe, Italy is unaffected by the effects of the financial issues raised by the US sub-prime mortgage downturn. Non-resident mortgages are available with loans of upto 70-80% of the property value.Stable economy, with low inflation and low interest rates, therefore living costs in Italy are considerably less than the UK.
Economic and political security, making it a very safe country to live and holiday in.
With the two major international airports of Rome and Milan handling 50 million passengers between them, there are an additional 20 airports that service major European destinations. Only 2 ¼ hours direct flying time from the UK, with the budget airlines allowing cheap holidays and well timed weekend flight connections you are able to get the maximum use out of your investment.
On the lowlands and beach areas, Italy enjoys a mild Mediterranean climate with balmy warm summers, and in the higher mountainous regions, there are great skiing conditions in the winter. It is proud home to exquisite food, respected wines and chic fashion, and a warm family orientated culture awaits.
Download your FREE Investors Guide Now
