Hi all,


I have recently purchased an apartment in Calabria, southern Italy. The agents tout it as the next emerging market with yields of 10%

For less than 100k I was able to buy a penthouse with sea views, moments away from the beach. An article from the Sunday Times in January prompted me to look into Calabria further.

I went through an agent called First step abroad, they offered me a free trip to the area to see a development called The Jewel of the Sea. Has anyone else bought there? The area is beautiful, probably reminds me of the northern Costa Blanca many years ago whilst it was still unspoilt.

Apparently in the peak season rents can achieve 1000 euros per week. Having confirmed this on a number of rental sites, I proceeded with the purchase. However, now I am looking at buying another apartment, possibly to sell before completion and before I do so I want to know if there are any reasons why I shouldn't.

Any comments will be appreciated.

Thanks

The East Coast of Calabria is junk, the West Coast is much more beautiful.

Last August I saw advertisement for 400 Euro/week in Calabria for apartments and that is the most you can get there for August. Besides July and August there is no tourism over there so no renting. Between end October and beggining May there is no direct flight so quasi-nobody goes there.

I've seen some gorgeous properties in the same area.

*BUT*, it's still over-priced for Italy and to echo the previous poster, flights are a problem. The reason there is a glut of holiday property there is that people can't get to the place!

I looked into the area and I beleive it has good investment potential. I would need to do more research but at this point I think it is probably one of the top places to invest.

Rondy as ever sees the negatives without factoring in potential. Rondy Tuscany was alos once a back water......, as I always point out to you CHANGE HAPPENS BUT BY THE TIME IT DOES ITS TOO LATE TO INVEST

What was negative about my post?????

I invested there and I know the area very well. I just said that the West Coast is much better. For you does not probably make any difference as you have no idea about Calabria so better keep quiet on that one.

Rondy, you said "July & August there is no tourism so no renting"

Buyers on a specific Calabria website that have detailed knowledge say there is a shortage of property in summer and rental demand outstrips supply. These are buyers NOT agents saying this.

Sorry for the confusion. July and August are extremely busy and there is a lot of demand for renting.

Between September and May the place is deserted.