2007-08-23

Great Britain | Opinion Commercial Property Investment Commercial Property Europe

Overseas Property UK Offer: "The Chance to Invest in Europe's Next Property Hotspot"

East Anglia: According to a UK property agent, the Calabria region of Italy sits at the brink of what could be a property-buying frenzy. Developers and UK real estate agencies are already starting to promote the region with the buzz phrase "Spain as it was 20 years ago."

As Europe's property markets develop, property investors are beginning to look elsewhere for opportunities. Calabria, in Southern Italy, could be one such opportunity, according to Debbie Espin of Overseas Property UK.

Surrounded by clear silver-blue sea on three sides, Calabria is one of the warmest and sunniest corners of Europe. Even in mid-October, temperatures remain in the upper 70s. You'll find lemon groves, vineyards, and ancient chestnut woods, fishing villages, stone-built watch-towers, and donkeys carrying firewood. And wine festivals, religious parades, and a wealth of traditions that are deep-rooted rather than something dreamt up by the heritage industry. You'll see men playing centuries-old card games, women doing embroidery, and shepherds tending their flocks just as their fathers did.
Depite the region's charm, it remains underdeveloped as a market for investors. Partly, this is down to the distance between Calabria and the more develop regions of Italy to the North. Now, Ryanair have started serving the region's main airport: Lemazia Terme. For the first time, the region is accessible to legions of UK tourists and investors seeking a quieter location to visit, live and invest in. Historically, towns such as Nykoping in Sweden have shown greater economic growth than elsewhere in the country as a whole when Ryanair starts flights to the area. In the industry, this is known as "the Ryanair effect" as tourists bring extra money to the local economy.

With this combination of factors, Overseas Property UK believe that this area could well be the next growth area in European property. As a result, they are offering a portfolio of stylish new developments along the stunning Calabrian coastline to investors and people seeking a quieter lifestyle. Using their website to offer comprehensive advice about the region and the practicalities of buying in Italy, Overseas Property UK are confident that the future is bright for the region. According to Debbie Espin:

"With it's unique charms and accessibility from the UK, Calabria should become a good opportunity for people looking for something a little different in European property. We think our portfolio of developments offers something ideal for people looking at a more relaxed lifestyle in stylish surroundings."

Debbie Espin Emediawire - 2007-08-23