Affording a Home and an Investment Property in Italy

Summary: There’s an Italian region representing the final affordable property location, if you want affordable property in Italy head for Abruzzo

With all that’s being written, reported and said about buying and owning a property abroad at the moment almost everyone’s interest has been at least a little bit raised - but in the midst of very general discussion it’s pretty much left up to the individual to figure out whether they share the dream of a holiday home abroad or whether they want to become a real estate tycoon and invest in overseas property.

So which one are you?  Where does your interest lie at the moment?  Assuming you’re reading this article for a reason you’re at least focused on Italy for your potential property purchase…well, what if I told you that affording a home and an investment property in Italy is actually possible.  Yes both, even in a country as expensive for real estate as Italy…read on to learn how.

There is one region of Italy that we have touched on before where property is still affordable, the weather and scenery are among the best in Italy and where until very recently indeed only local Italian interest was centred mainly because of accessibility problems.  The region in question is called Abruzzo and it truly does offer you the chance to afford both a home that you can reside or holiday in as well as the option to buy an investment property too.

As stated, one of the main reasons that Abruzzo in Southern Italy had remained so cheap in terms of its property prices is that it didn’t have direct or cheap air access.  Now it has cheap and regular international flights into nearby Pescara and it also has fast rail links to Rome and the rest of Europe - and so slowly but surly international interest is rising and so in turn are Abruzzo real estate prices!

If you want to get in on what is possibly the last wave of affordable property in Italy then you really should be booking your cheap flight to Pescara or your rail passage from Rome and heading south to explore the stunning region with its abundance of beaches, mountains, national parks, sun, sea, sand and even winter skiing.

For those searching for an affordable home in Italy Abruzzo has everything from beachfront apartments to rural renovation retreats as well as everything in between! 

Usually those seeking a home overseas fall into one of two distinctive categories – those who want a home within a vibrant setting where they can enjoy life but also where they can have a great holiday - and those who are after a home away from it all, a home that offers them the chance to explore the real Italy and also a chance to explore their inner-selves!

Well, for the former what about new build apartments in a beachfront setting or refurbished homes located within a short drive from Pescara airport and offering the best of all worlds by being accessible to the airport, the beach, mountains and the main nightlife in the Abruzzo region?  And for the latter Abruzzo offers everything from farmhouses inland which are in need of complete rebuilding to village homes that are within the heart of an Italian community and which offer one the chance to explore ‘real’ Italy?

Depending on what you favour and where you buy – beach or sea front apartments start from as little as GBP 60,000, inland homes needing extensive work can be picked up at bargain prices starting from well under GBP 30,000 (remember building work in Italy is expensive though) and a beautiful, ready to move into house in a good location can set you back something in the region of GBP 90,000.  Remember, prices are only correct at time of publishing and are rising fast!

For those searching for an affordable investment property in Italy Abruzzo offers investors the chance to raise rental income immediately from real estate; the most in demand properties are on or close to the beach and are apartments and they can raise a rental income for the owner from April to November.

Alternative investment approaches include renovating character properties and reselling them to incoming international buyers – this approach can be highly lucrative indeed but is only suitable for those with good building skills who have renovated abroad before because costs are high in Italy for such work and planning restrictions can be a nightmare to work with.

A final alternative is just beginning to present itself – what about investing in golf property in Italy?  Golf property is usually associated with Portugal or perhaps Cyprus…but now the Italian region of Abruzzo is getting in on the popular trend with the San Donato Golf Course in Santi around which properties are beginning to spring up.  These golf properties will be in demand as rental properties from the massive international golfing tourist fraternity during the main season which lasts from April to November in Abruzzo and these types of property are also incredibly easy to resell.

At the moment San Donato Golf apartments are selling from as little as GBP 77,000 but these prices will surely not remain so attractive for very much longer?  So if you’re researching your affordability options and exploring the home or investment property alternatives why not take a trip to Abruzzo and possibly buy both?

SHARE: del.icio.us   Digg   Facebook   Google   Mixx   NewsVine   StumbleUpon   Technorati   YahooMyWeb