Calabria Property Seeing Increased Activity as Brits Start Buying Again

Things are really looking up for the overseas property industry at the moment, with reports of increased activity throughout Europe, on the back of Sterling's improving exchange rate against the Euro (Brits and Irish are the biggest buyers of overseas property.

Among the biggest benefactors of this increasing activity is the Calabria property market. Calabria property began seeing increased interest from overseas property buyers and investors in the second half of 2007 and into the middle of 2008. However its growth potential was severely stunted by the onset of the international economic misery.

None the less Calabria property developments continued to be built, and you can now get some real bargains on almost completed properties at off plan prices.

What's more all the same draws are still in place; Calabria property is still cheap, it is still underdeveloped and most likely to stay that way, and it is still set to see massive growth in tourism which will grow rental yields from their current 4-6% to 6-8% over the next 5 years from 2010 onwards.

Tam Stanley of Calabrian-Property.com is not surprised to see Calabria property picking back up where it left off now that the Brits are out there and buying again.

"Calabria offers the safety and stability of being in the established market of Italy, with the low property prices and growth potential you'd expect to find only in the more-risky emerging markets, making it a truly unique investment property. With all it has going for it we always knew that Calabria would be among the first to bounce back," he said.

Calabrian-property.com is a good indicator of the rising interest in Calabrian property; the site has climbed rapidly through the Alexa rankings, and is now ranked the 700,000 most visited site in the world -- a very respectable position for an overseas property agency.

Calabria Property Perfect for a New Beach-Loving Family

I am a very luck little blogger today; a young man named Carl Reeves emailed me today asking me what I thought about the Calabria property market. He and his wife have just had a baby, and want to invest now in a property for family holidays, and they have been seriously considering buying in Calabria.

They had read one of my posts about how overseas buyers are looking mostly at off plan opportunities at present, and that now is the time to get in and take advantage of the off plan discount, and reap the rewards in years to come as tourism continues to grow.

I agreed that this makes Calabria property perfect for them, because they can get a property by the beach for far less money than is possible elsewhere in Europe, and the developments will be completed when they are ready to start using it; when baby Jeff is on his feet and toddling.

Their budget of £80,000 is not enough to buy a beach-front property in very many places, and as they are water-sports lovers keen to enjoy the ocean with their family, getting a property within walking distance of the beach is one of their most important stipulations.

"I couldn't believe the prices of Calabria property, when you look at Italy it is quite an expensive country property wise, Calabria is like a new and undiscovered paradise," Carl said.

Calabrian Economy to Benefit from Government Stimulus

The Italian government has earmarked 4million Euros to boost the Sicilian economy, which has been badly affected by the global downturn. The Inter-ministerial Committee for Economic planning (CIPE) has authorised the release of the funds today.

This in itself will be of benefit to the Calabrian economy as well, because of the various links between the two regions, and the likelihood that some of the money flowing round the Sicilian economy will be spent in Calabria.

We can also hope that some of the money will be used to increase tourism to Sicily, again which would indirectly benefit Calabria; possibly people wishing to visit Sicily may stay in Calabrian rental properties, and will almost certainly visit Calabria's sites and beauty.

The 4million is the start of a concentrated campaign to regenerate the various economies of Italy's various regions. The plan is to be unwound after the government's summer recess at which point Calabria will also possibly receive its own stimulus package -- most likely in the form of a bundle of cash.