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Wednesday, 30. July 2008

Italian Properties are proud to announce the launch of five brand new resorts in southern Italy, to be situated in Tropea, Pizzo, Vibo Valentia, Amendolara and Trebisacce.
 
Pre-launch discounts available from between 6-10% off until August! With prices starting from ONLY €115,000 the best has never been so affordable.
Each of our resorts offers a beautiful location, coupled with the opportunity of stunning sea views in most, direct access to facilities and the beach.
 
* 80% LTV mortgage available, rates from as little as 5%
* Management of your properties
* Fully finished with kitchen and white goods
* Payment plans starting from just 35% deposit
<a href="http://www.italianproperties.org/calabria.html"
italianproperties.org/calabria.</a>

Southern Italy represents one of the finest investment opportunities in Europe. It posseses all the benefits without the inflated property prices of the more established northern Italian market. With miles of unspoilt coastline, rich in culture and steeped in history, it has long been a well kept secret by Italians and has a very strong homegrown tourist trade. The Italian government are ploughing 100 million Euros into the area to improve infastructure and to bring in more foreign investment making this already economically strong country even more attractive. With year on year capital growth predicted at 20-24% the potential of this intoxicating area is enormous.

 


Peace of Mind

Developments in Italy are bank guaranteed, giving you added reassurance when investing your money.


Investment 

The government are set to invest €100 billion into the south of the Italy to improve infrastructure.


Climate

Mediterranean climate offering temperatures between 15-31 degrees year round.


Accessibility

There are currently several low cost airlines such as Ryanair, Alitalia and Aer Lingus flying from London, Manchester and Dublin with the added benefit of a short 2.5 hour flight.


Tax benefits 
No Capital Gains Tax, plus clients can rest assured that there is a double treaty taxation in place between the UK and Italy. No Inheritance Tax. Inheritance tax was abolished in 2001.


Capital growth

In 2007 property prices increased by 25%. According to Media reports and studies prices are expected to increase by 20-25% per year for the next 5 years.


Beaches

Tropea was awarded the number 1 beach holiday location in The Sunday Times Top 20 Beach Holiday.


Tourism

Tourism predicted to rise year on year offering fantastic rental potential on your property if required.


Activities

New PGA Golf courses planned. World class diving and expanding ski resorts.


Culture

Steeped in history, art and culture Calabria has many beautiful beaches, historical sites and places of interest for the more intrepid traveller.


EU member

No restrictions on members of the EU when purchasing a property in Italy.

See full details of the Five New Resorts in Calabria <a href="http://www.italianproperties.org/calabria.html"
italianproperties.</a>

Monday, 09. June 2008

It is a cultured crowd (or at least they would like to think so) who make for Tuscany in summer. The region's undulating olive groves, Renaissance towns and stone borghi satisfy their romantic definition of "summer holiday".

But those who dream of owning an Italian farmhouse in Tuscany will find the prices far from romantic. In sought-after parts of the region (so-called Chiantishire, for example) and even in neighbouring Umbria, an average four-bedroom, stone farmhouse can cost about €1.2 million.

The British outpost, however, comprises a relatively small area of Italy. If you venture an hour north into Lunigiana or south into Emilia-Romagna, equivalent properties can cost up to half as much - and there is still plenty for classics scholars to sink their teeth into.

For those prepared to explore, there are many lovely, old houses within easy reach of unspoilt coast and countryside all over Italy. Hardened Tuscanophiles will take some convincing that the countryside in Basilicata, in the far south, could be mistaken for Tuscany, but the €600,000 (£475,860) price tag for a bespoke stone farmhouse, surrounded by olive groves, might get them thinking. Here are 10 of the most enticing areas.

1. Majella, Abruzzo

Getting there: Abruzzo International Airport, Pescara
La cucina: Maccheroni alla Chitarra, black truffles
I vini: Trebianno

Abruzzo has slipped through the net of most British second-home owners. "Abruzzo has everything, yet still only Italians seem to be aware of it," says Lorna Richardson of Properties Around Italy. It is fronted on one side by the Adriatic coastline, with Europe's only blue flag beaches (seven in total). Further inland are some of Italy's best-preserved medieval and Renaissance hill-towns such as Castel del Monte and Santo Stefano di Sessanio, as well as the Roccaraso ski area and national parks.

"I spent more than six years searching all over Italy to find my ideal property. I now live in Abruzzo. I rest my case," says Ms Richardson. "I can ski in winter, a 15-minute drive from my house, I can be on the beach in the summer, a 30-minute drive, and I live in the national park, with views to die for. Nowhere is like Abruzzo."

  • 2. Le Colline Pisane, Tuscany

    Getting there: Pisa airport
    La cucina: Peposo della Fornacina (beef cooked in a cotta pot with herbs and black pepper)

    I vini: Chianti Colline Pisane

    The hilly countryside south-east of Pisa is less "discovered" than other parts of Tuscany, but is still a viable option for culture vultures, as it is less than an hour away from Castiglioncello, Forte dei Marmi, Florence and Lucca.

     3. Casperia, northern Lazio

  • Getting there: Rome Fiumicino and Rome Ciampino airports
    La cucina: Saltimbocca alla Romana (sliced veal with ham in a Marsala sauce)
    I vini: Cerveteri vineyards, and Est Est Est from Montefiascone

    All eyes are on Viterbo in northern Lazio, as the area has been chosen for Rome's third international airport. Regular flights from the UK will boost the local economy and open up the surrounding countryside. The airport will serve both Rome and northern Lazio, bridging the gap between Rome and southern Umbria and Tuscany.

    Northern Lazio is dotted with medieval villages, such as Bagnaia, Montefiascone and Vitorchiano, and features two picturesque lakes, Vico and Bolsena. Further east towards Umbria, around the medieval town of Casperia, 45 minutes from Rome, there are stone properties and villas for sale at a fraction of what they would cost across the Umbrian border.

  • 4. Corinaldo, Le Marche

    Getting there: Ancona, Rimini, Bologna airports
    La cucina: Vincisgrassi (baked lasagne without tomatoes)
    I vini: Verdicchio wine

    The Italians have claimed the coast of the Le Marche (pronounced Markay) region, and left the rolling inland countryside free for British buyers.

    "Le Marche is perfect for people who are gutted they can't afford to buy in Tuscany," says Dominic Hepplethwaite of Live In Italy.Expect to pay about €200,000 for a stone house with rural views, surrounded by private land, requiring renovation.

    Dermott Sales, of Le Marche Townhouses, recommends Monterubbiano, Corinaldo and Ostra Vetere - medieval and Renaissance towns within easy reach of beautiful walking country and the Adriatic coast. "The best properties for sale in Le Marche tend to be between 5km and 25km inland from the Adriatic coast, as they have the best of both worlds, with the sea less than 25 minutes to the east and the mountains and skiing only 30 to 45 minutes to the west," he says.

     

  • 5. Garfagnana Valley, Tuscany

    Getting there: Pisa airport
    La cucina: Zuppa di farro (Tuscan bean and barley soup)

    I vini: Sangiovese wines and vin santo

    Garfagnana, north of Lucca, does not rival Florence or Siena in terms of culture, but the countryside is brimming with nature and you are offered a lot more property for your money (€400,00 to €600,000 for a property with land, compared with €1.2million to €1.3million in the most popular parts of Tuscany.)

    "You have a Tuscany address, but it is more isolated," says Dominic Hepplethwaite. This did not deter Carducci, Pascali, Shelley and Byron from visiting, and the annual jazz festival at Barga, near Castel Nuovo di Garfagnana, is attracting a larger crowd each year. Try not to let the fact that it is one of Italy's rainiest regions put you off.Garfagnana's proximity to the mountains, forests and coast will compensate for the unpredictable weather.

     

  • 6. Oltrepo Pavese, Lombardy

    Getting there: Milan airports
    La cucina: Salame di Varzi and black truffles
    I vini: Oltrepo Pavese (DOC)

    The region of Oltrepo Pavese is called "Little Tuscany" by those who know it, due to its undulating hills, vineyards and medieval hamlets. Until now, it has attracted mainly Milanese buyers (including Giorgio Armani) in search of a second home less than an hour from Milan. But British buyers are beginning to explore the area, finding properties priced about 50 per cent less that the equivalent in Tuscany. Towns such as Stradella, Broni and Casteggio are within easy reach of the Ligurian coast and Milan. Larger shops can be found in the university city of Pavia. Wine-tasting (wine has been made in Oltrepo for 3,000 years), walking, and riding will appeal to British holidaymakers, but spoken Italian is essential. "No one in Oltrepo Pavese that I have contacted from the property industry has ever attempted to speak English," says Paul Hudson of the Property Finders.

     

  • 7. Lunigiana, northern Tuscany

    Getting there: Pisa, Parma and Genoa airports
    La cucina: Testaroli with pesto sauce
    I vini: Vermentino Colli di Luni DOC

    Squeezed between Liguria, Tuscany, and Emilia-Romagna, Lunigiana is a region of Roman ruins, medieval castles and baroque palaces. You might have heard of Cinque Terre, on the nearby Ligurian coast - five fishing villages, built on stone spurs, with coloured properties popular with wealthy Italians. But you may not have ventured further into the Lungiana hills, where there are vineyards and hidden villages.

     

     

  • 8. Piacenza, Emilia-Romagna

    La cucina: Parma ham, balsamic vinegar, parmesan.
    I vini: Lambrusco.
    Getting there: Bologna, Milan (Bergamo), Milan airports

    The plains of Emilia-Romagna are dotted with grand towns such as Bologna, Parma and Modena, but if you venture into the mountainous north-west, there are good-value stone farmhouses and villas. Admittedly, it can be isolated, but if you are a nature-lover, it is a more affordable option than Tuscany or Umbria. Rupert Fawcett, of Knight Frank, recommends Val Tidone and Val Trebbia, two valleys popular with the Milanese and Genovese. "The surrounding Piacentini hills offer a similar landscape to Tuscany, but are better priced," he says.

  • 9. Otranto, Puglia


    Getting there: airports at Brindisi and Bari
    La cucina: Taiddha (mussels, potatoes, pecorino)
    I vini: Salento Puglia

    Southern Italy has more Mediterranean and Greek influences than the north, and this is reflected in the architecture and cuisine. Lecce, on the coast, is widely regarded as "Florence of the south", but unlike its northern twin, it is created from pietra leccese, the local stone. Here, there are designer shops, restaurants and a half-buried Roman amphitheatre. There are stunning beaches between Lecce and the town of Otranto - popular with Italy's jetset, with regular ferries to Greece.

    "Puglia is beach-orientated," says Rupert Fawcett of Knight Frank. House prices in the region have risen by 8 per cent in two years; buyers can choose between masserie (traditional courtyard farmhouses) and trulli (conical-shaped, white-washed houses, designed to be cool in summer and warm in winter) that cost as little as €30,000.

     

  • 10. Matera, Basilicata

    Getting there: airports at Brindisi and Bari
    La cucina: calzone di verdura (folded pizza with chard, peppers and raisins)
    I vini: Aglianico del Vulture

    The lesser-known Basilicata forms a triangle between Campania, Puglia and Calabria, and, according to Rupert Fawcett, the landscape could be mistaken for Tuscany. "It is geographically closer to Greece than Milan," says Mr Fawcett. "And this is reflected in the food and culture." There are good beaches and countryside, with stone villages and vineyards.

     

  • Buying property in rural Italy

     

  • Spend time in an area before buying.

     

  • Find an English-speaking agent or use a buying agent, e.g www.italianproperties.org 

     

  • Italians don't go in for glossy brochures. The best properties are often found by word of mouth.

     

  • Be warned: if Italians smell a foreigner, they are prone to double the price.

     

  • Negotiate: prices are flexible by as much as €200,000.

     

  • For rentals, buy in an area with a good infrastructure: airport, station, and motorway.

     

  • Seek financial and legal advice before purchase.

     

  • Both buyer and seller must pay agent's fees, usually 3 per cent.
  • Saturday, 26. April 2008

    Following last week's elections in Italy, the country's government should soon be implementing some reforms, which could spell good news for Italy's housing market. Newly re-elected Prime Minister Silvio Berlusconi has pledged to see his electoral campaign promises through.

    During the run-up to the Italian elections, Berlusconi pledged to eliminate the main Italian property tax. At the first meeting of his newly formed government, the Italian PM said that this is a promise he would fulfill, despite the estimated cost to the government. Abolishing the principal property tax in Italy (the ICI) would undoubtedly be a boon for any investor in the Italian property market, but it is reckoned that by doing so, the government would see a loss of roughly € 2 billion in potential revenue.

    The abolition of the ICI would add to Italy's potential for those thinking of investing there, as capital gains tax (CGT) on property is wiped out after five years of ownership. By getting rid of the ICI, home buyers would be presented with another incentive to sink their money into Italy and this in turn could help to push up property prices in the country. Combined with the lack of CGT, this could mean long term investors would see favourable returns upon sale,


    Berlusconi was eager to please during the electoral campaign and sceptics fear that he may have been too enthusiastic, estimating that if he were to act upon all his pre-election promises, he would need to find €63 billion of government cash to fund them,


    It would seem that canny investors have already started to cotton on to the benefits of Italian property; earlier this year a survey carried out by A Place in the Sun Magazine ranked the country fifth in the top ten destinations for overseas buyers. The poll showed how Italy was muscling in on the traditional destinations such as Spain and France (ranked first and second respectively), moving up three positions from the previous survey.

    Thursday, 20. March 2008
    Taxing times for Italy? Italian tax laws have recently changed and it is private buyers looking for holiday homes, supplemented by holiday rentals that are now streets ahead compared to the taxing times of old.

    Considerably lower completion costs and the potential to bypass capital gains tax will certainly benefit the already formidable Italian property market.

    Non-professional investors who are looking for a holiday home that they will enjoy for at least five years, or a permanent residence, are undoubtedly the winners in the Italian property market. New tax laws now favour this sector of the market with dramatic tax benefits. Purchase costs in Italy used to be as high as 15-17%, but new rulings mean that this figure can decrease to approx 4% - 5%, which is a huge gain in some cases.

    Furthermore, after five years of property ownership owners, even holiday home owners, are exempt from capital gains tax in Italy. Capital gains tax stood at 12% but under new rulings this has been raised to 20%, so long term investors seeking stability gain considerably. This coupled with inheritance tax only on high value properties and still significantly lower than that of UK death duties, is also a big factor to mature individuals looking to invest here.

    Sarah Ferrara, Managing Director of Garda Homes, says, “To gain some perspective of just how beneficial the new taxs laws are, if we take the featured two bedroom apartment in Caneto, near the popular Lake Garda town of Salò, as an example, we see that under the old rules taxes on this property would have been £16,500. However, under the new rulings this figure drops dramatically to around just £2,250; the savings are evident for all to see. Furthermore, if the owner becomes an Italian resident within 18 months of purchase this figure drops again to around just £600. Therefore those looking to invest into the Italian property market to enjoy the benefits of this region also gain significantly financially. The new tax laws will undoubtedly bring a resurgence of buyers back to Italian shores which will further strengthen this market which has performed well over the last decade.”

    Sunday, 16. March 2008
    Italian tax laws have recently changed and it is private buyers looking for holiday homes, supplemented by holiday rentals that are now benefiting.

    Non-professional investors who are looking for a holiday home that they will enjoy for at least five years are undoubtedly the winners in the Italian property market. New tax laws now favour this sector of the market.

    Purchase costs in Italy used to be as high as 15-17 percent, but new rulings mean that this figure can decrease to approximately 4 - 5 percent.

    Furthermore, after five years, even holiday home owners, are exempt from capital gains tax in Italy. Capital gains tax stood at 12 percent but under new rulings this has been raised to 20 percent.

    This coupled with inheritance tax only on high value properties and still significantly lower than that of UK death duties, is also a big factor to mature individuals looking to invest in the country.

    Sarah Ferrara, managing director of Garda Homes, said: “To gain some perspective of just how beneficial the new tax laws are, if we take the featured two bedroom apartment in Caneto, near the popular Lake Garda town of Salò, as an example, we see that under the old rules taxes on this property would have been £16,500.

    “However, under the new rulings this figure drops dramatically to around just £2,250; the savings are evident for all to see.

    “The new tax laws will undoubtedly bring a resurgence of buyers back to Italian shores which will further strengthen this market which has performed well over the last decade.”