Calabrian Property to Benefit from Increasing Private Rentals

Savills have just released data from the largest ever survey of British overseas holiday home owners to the Daily Telegraph.

For us the most important finding is that bookings for privately rented properties increased in 2009 compared to 2008. Because 2009 was still a depressed year for international travel, this can be interpreted as proof that more people are putting together their own package holidays using the internet.

This is great news for the Calabria property market, which has huge potential as a holiday home destination. Calabria is one of the most beautiful coastal regions in the world, but it is relatively undeveloped.

Sloping upwards from the sea almost all properties have sea-views, and with Spain as a clear example of the damage over-development can do, Calabria is set to become one of the world’s top tourism spots for a peaceful break by the sea.

Because the tourism market is developing at the same time as the overseas property market, practically all the tourism accommodation inventory is/will be privately owned. This presents a great opportunity for Calabria property owners.

Want to be one of them? View Calabria property for sale

Coast Avoids Damage from Calabria Landslides – One thing that Didn’t Slide is Property Prices

By now most of you will have heard about the devastating landslides that hit Calabria and Sicily in the last few days. Anyone who had been considering buying Calabria property will be glad to hear that the new developments were mostly on the coasts, which has avoided any damage from the landslides.

One thing that didn’t slide in Calabria is property prices. Incredibly enough, despite demand having fallen since the 3rd quarter of 2008, developers and agents have held firm on prices.

This is thought to have been because, while demand dropped, there was still a constant trickle of lifestyle buyers keeping the market going.

Now, as we move into 2010, and demand for overseas property grows around the world; with agents reporting several sales per week in most tourist hotspots including parts of Spain, there is even a likelihood that Calabria property prices may start to rise before the end of the year.

Calabria Property to See Sales Surge in Coming Weeks

Around the world agents are reporting increased activity from overseas property buyers. Calabria has long been forecast to be among the first to benefit, and now an expert on the market is predicting a sales surge in the coming weeks and months.

“Calabria is a new emerging market within the established market of Italy, so it benefits from the safety of an established market, with the value for money and growth potential of an emerging market. A combination of that reality, and the fact that Italian property has proven resilient to the downturn, will cause a sales surge from today’s researching brand of buyer,” said Robert Davies, a spokesperson for Calabrian-Property.com.

Calabria property started to see new developments springing up and began rising in popularity as an overseas destination in 2006/07. It continued growing in popularity throughout 2008, at which point demand slid badly.

None the less the development’s continued to be built and there are now some fantastic opportunities to buy completed properties at off plan prices.