With the pound wallowing in the doldrums against the euro it’s not been a good year for Britons who have holidayed on the continent – everywhere has appeared so much more expensive relatively speaking to Brits, but at the same time we are all aware that it could swing the other way any time soon. This is just one of the reasons why the strong euro still hasn’t put Brits off wanting to buy a home overseas!
Other reasons include the fact that Brits still want to escape UK – even if it is now more expensive for them to do so, and money is never a real reason to stop people dreaming. However, money is of course an incredibly useful tool when it comes to buying a property abroad, so because of the weak pound and the fact that Brits still want to live their dream of owning a home abroad, we thought we’d investigate and see whether it is still possible to find cheap property for sale in Italy.
Italy is one of the most idyllic and dreamt about locations overseas where Brits would love to own a home – it is also traditionally expensive! So we thought that if we prove that you can still afford your dream in Italy, then you can probably still afford your dream full stop. See, there is hope in these bleak economic times – there is an escape from the British winter and the British recession. Read on to see our top picks of what’s currently available for under 100,000 Euros in Italy.
Different regions of Italy are of course more or less in demand and more or less expensive – therefore, it goes without saying that you need to look closely at where in Italy you can afford to purchase. What’s more, if you have your heart set on one region over another and it is an expensive part of the nation, you’re going to get less for your money potentially than if you bought in a cheaper part of the country! Obvious isn’t it. What may not be so obvious is that you might well get more for your money the more time you spend looking – because the better you get to know a region, the more people you meet, the more likely you are to find a bargain that has not been widely advertised for sale. It’s the way it works in much of Italy where property is sold by word of mouth rather than ‘for sale’ sign.
If you have a budget of less than EUR 100,000 in today’s market, this is what you can afford in terms of property for sale in Italy: -
A modern two-bedroom penthouse in Scalea, Calabria located on an apartment complex close to the train station and just 600m from the beach. Offering open plan living, this apartment needs no renovation and can be moved into immediately and easily managed if you want to let it out to the growing tourism market in this part of Italy. The nearest airport, Lamezia Terme, is an hour and a half away and served direct by airlines from the UK making this apartment, at EUR 29,000, an incredible bargain and an investment opportunity!
A property ‘ripe for renovation’ that boasts 8 rooms and comes with 2,800 square meters of land and stunning sea and mountain views is also available for those seeking a bargain. Also in the region of Calabria, this property already has electricity and water connections and could be the ideal project for someone wanting to move to Italy and establish a bed and breakfast business for example. Priced in the region of EUR 75,000, the property is well located close to the coastal resort of Diamante, yet it is rural in location offering seclusion and peace.
Both properties are currently for sale with Calabria-Invest.com
In the Emilia-Romagna region of Northern Italy, a small two bedroom family house is for sale for EUR 75,000 and it boasts stunning views of the Tuscan mountains. The property has a cellar allegedly dating back to 500AD and 300-year-old solid chestnut wood floors. The property comes with a garden, stables, outbuildings and is a great potential home for someone wanting to live in Italy full time. A car is included in the sale price, and the location of this property means you can get to Parma and Milan easily, and the nearest town of note is Borgo val di Taro just 6km away. This property is listed by the agent Luigi Ferrari on ItalyHouseHunt.com
Our final two choices for those seeking a bargain for sale in Italy are located in Apulia and Tuscany respectively. The property in Apulia is described as ‘an unusual country house’ and we can see why! It’s a ugly property but one with great potential – it has just one bedroom and one bathroom, but it sits in over 8,000 square meters of land surrounded by beautiful fruit trees, and for someone looking for peace and seclusion as well as a project, this house, priced at EUR 80,000 could be perfect. One thing to bear in mind however is that it doesn’t have mains electricity connected – although the current owner says it’s just a matter of time before it is hooked up. We would seriously recommend you get this ‘promise’ in writing from the electricity company before making a serious offer. Remo Barletta is the agent for this property.
And finally, the real estate for sale in Tuscany at the bargain basement price of just EUR 75,000 is basically an olive grove with a shed! The location is excellent however, it’s in the hamlet of Vicopisano which is in the province of Cascina, less than half an hour from Pisa and its international airport - thus providing accessibility to the UK and elsewhere in Europe. According to the owner who’s selling it there is permission to construct a more permanent log cabin style home on the property and electricity is nearby – naturally enough, we recommend you look closely at local planning laws as well as the electricity company’s promise to hook up any property constructed on the site. The owner is listing this one for sale directly, and can be contacted .(JavaScript must be enabled to view this email address).
So, in conclusion – no matter where you look in Italy, if you look closely enough you will still be able to find relative bargains for sale – despite the strong euro, the weak pound and the fact that Italy is such an idyllic and in demand location for homes for sale. If your wish is to buy a home in Italy, the weak pound doesn’t need to prevent you from realising your dream. Finally, Alison Harris offers a property finder and negotiation service to all Shelter Offshore readers seeking a home for sale in Italy. As a British expatriate, a lawyer and being fluent in Italian and experienced in finding property for sale in Italy for foreign buyers, Alison is a great person to help you with your personal quest to find that perfect piece of real estate anywhere in Italy. Her contact details are: -
Email: .(JavaScript must be enabled to view this email address)
UK Mobile: (0044) 07515 735 656
Italian mobile: (0039) 331 2410110
Skype ID: alison.harris75
