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

Calabria Property Market to Benefit from Increasing International Demand

The Italian property market is set for a 2010 recovery according to Italian property portal REPlat. The firm said that the main factor to drive this recovery was the fact that vendor realism finally began to increase in the third quarter.

“This decrease is the basis for market recovery, which we expect to take place towards the end of 2010,” says REplat president Vincenzo Vivo.

The REplat index also said that supply had decreased slightly, while demand increased, two very useful trends if a property market is to recover.

Italian property is also likely to benefit from increasing demand from overseas buyers, especially British, on the back of a recovery in UK consumer confidence triggering increased spending, and increased appetite for overseas property acquisitions.

The Calabria property market will benefit massively from this increase in demand from overseas buyers, especially because they are doing their research a lot more carefully than during the boom years.

This is because everything points to Calabria property prices seeing some very solid growth in the next few years. But more importantly than that, today's buyer is predominantly the holiday home buyer hoping to cover some of the cost by renting the property out. Calabria property is perfect for this:

A coastal region surrounded by sea on three sides, you are never very far from the beach in Calabria, as such it is increasingly popular with tourists from within Italy and around the world. There is a shortage of hotel rooms or commercial entities to house the increasing visitor numbers. This means that rental yields are almost certain to increase from the current 4-6% to 6-8% in the next 5 years.

A look at the Calabria property for sale currently tells you that the number of properties coming onto the market has been kept under control, which will ensure demand will continue to meet or outstrip demand. It will also tell you that the Calabrian property market has remained healthy, and developers have not had to cancel projects.

Calabria Property Market to Benefit from Buyers Returning to Italy

Italy has been named as one of the five most popular countries with the Brits currently buying overseas property.

This is according to new data from UK broker of overseas mortgages Conti.com, which showed that the current overseas property buyers are clearly favouring the established market over any emerging market.

This has been put down to people's risk aversion after so many lost their money when the downturn struck, but you can't ignore the fact that most of the people currently buying overseas property tend to be equity rich lifestyle buyers with substantial down payments.

Lifestyle buyers have always favoured the established markets in short-haul Europe because it is more readily and affordably accessible to make full use of for all the family, i.e. you can book a cheap flight and head over to southern Italy for a long-weekend.

This just wouldn't be practical for long-haul destinations, neither in terms of the price of the flights, and the time spent actually enjoying yourself, not to mention jet-lag.

Thus, the fact that British lifestyle buyers are back out there and buying overseas property is always going to be good news for the Italian property market and those throughout Europe. Calabria, the hot new emerging market will benefit from this.

This is because it offers the cheapest property in Italy -- if not all the established markets -- with beach-front apartments for sale in Calabria being for well under £100k. But the main reason is: the properties that were being sold off plan when Calabria became popular in 2007 are now being sold as key-ready.

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.