Property Investment in Calabria - the Emergence of Southern Italy

<h1>Property Investment in Calabria - the Emergence of Southern Italy</h1>Author: <a title="Mark Burns" href="http://www.articlesbase.com/authors/mark-burns/59452.htm">Mark Burns</a> Located at the southernmost tip of Italy's boot, and surrounded by the azure waters of the Tyrrhenian, the Mediterranean and the Ionian Seas lies the beautiful region of Calabria. Widely tipped as being an investment hotspot, the relatively undeveloped and rugged Calabria has seen increasing amounts of investment activity in recent times. Stretching from the Reggio Di Calabria region in the south, through to Cosenza in the north, Calabria is an intoxicating blend of mountainous scenery, beautiful valleys and picturesque coastal regions.   Calabria has seen considerable increases in tourism in recent years, as large number of cheap flights have opened up from major European hubs including the major markets of Germany and the UK. Attracted by the superb climate and stunning natural beauty of the region, Calabria experienced an increase of over 23% in tourism in 2007, a figure which is expected to increase in the coming years.   Throughout the Calabria region, a wide variety of activities are available including skiing, scuba diving, hiking, fishing and golf. In fact, the region is one of the few places where it is possible to go skiing in the morning, and still sunbath in the sunshine in the beach later in the day!  Whilst the natural beauty of the region, coupled with the superb climate and wide array of activities may well present a strong argument for people to consider investing in property in Calabria, there are a number of equally compelling monetary arguments for investing it the region.   Traditionally, the south of Italy has been considered a poor relative to the more affluent major cities further north in the country. Recently however, over €100 billion in investment has been pledged to the south of Italy from the EU and Italian government. Already the benefits of this huge investment in the region are coming to fruition, and structural improvements to the local autostrada and regional airports are increasing accessibility and subsequently tourism to the region.   Equally appealing to potential investors is the low prices of property in Calabria, which despite the fact that real estate in the region is beginning to rise, is still considerably cheaper than elsewhere in the country. Last year saw the price of property in Calabria increase by over 20%, and current estimates are suggesting capital growth of around 20-25% per annum over the next five years.   Finally, the legislation in the region affords investors substantial potential long term savings. Inheritance tax was abolished in 2001, and this coupled with the fact that there is no capital gains tax after a five year period, ensures that property investment in Calabria provides the potential for substantial long term returns.About the Author: Mark Burns works for Offplanworld.tv, providing a wide range of off-plan <a target="_new" href="http://www.offplanworld.tv/europe/property_in_italy/property_in_calabria/">property in Calabria</a> as well as comprehensive guides for investors considering purchasing <a target="_new" href=" <a target="_blank" href="http://www.offplanworld.tv/europe/property_in_italy/property_in_calabria/">http://www.offplanworld.tv/europe/property_in_italy/property_in_calabria/</a> ">property in Italy</a>.Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/real-estate-articles/property-investment-in-calabria-the-emergence-of-southern-italy-608419.html" title="Property Investment in Calabria - the Emergence of Southern Italy">Property Investment in Calabria - the Emergence of Southern Italy</a>

Located at the southernmost tip of Italy's boot, and surrounded by the azure waters of the Tyrrhenian, the Mediterranean and the Ionian Seas lies the beautiful region of Calabria. Widely tipped as being an investment hotspot, the relatively undeveloped and rugged Calabria has seen increasing amounts of investment activity in recent times. Stretching from the Reggio Di Calabria region in the south, through to Cosenza in the north, Calabria is an intoxicating blend of mountainous scenery, beautiful valleys and picturesque coastal regions.

Calabria has seen considerable increases in tourism in recent years, as large number of cheap flights have opened up from major European hubs including the major markets of Germany and the UK. Attracted by the superb climate and stunning natural beauty of the region, Calabria experienced an increase of over 23% in tourism in 2007, a figure which is expected to increase in the coming years.

Throughout the Calabria region, a wide variety of activities are available including skiing, scuba diving, hiking, fishing and golf. In fact, the region is one of the few places where it is possible to go skiing in the morning, and still sunbath in the sunshine in the beach later in the day! Whilst the natural beauty of the region, coupled with the superb climate and wide array of activities may well present a strong argument for people to consider investing in property in Calabria, there are a number of equally compelling monetary arguments for investing it the region.

Traditionally, the south of Italy has been considered a poor relative to the more affluent major cities further north in the country. Recently however, over €100 billion in investment has been pledged to the south of Italy from the EU and Italian government. Already the benefits of this huge investment in the region are coming to fruition, and structural improvements to the local autostrada and regional airports are increasing accessibility and subsequently tourism to the region.

Equally appealing to potential investors is the low prices of property in Calabria, which despite the fact that real estate in the region is beginning to rise, is still considerably cheaper than elsewhere in the country. Last year saw the price of property in Calabria increase by over 20%, and current estimates are suggesting capital growth of around 20-25% per annum over the next five years.

Finally, the legislation in the region affords investors substantial potential long term savings. Inheritance tax was abolished in 2001, and this coupled with the fact that there is no capital gains tax after a five year period, ensures that property investment in Calabria provides the potential for substantial long term returns.

Mark Burns works for Offplanworld.tv, providing a wide range of off-plan property in Calabria as well as comprehensive guides for investors considering purchasing http://www.offplanworld.tv/europe/property_in_italy/property_in_calabria/ ">property in Italy.

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Article Tags: Real Estate, Property, Finance, Investment, Italy, Investment Property, Mediterranean, Calabria

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