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.
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