Real estate in Calabria. Promising and inexpensive

Calabria is a vast region at the "toe of the Italian boot." Along with Liguria and Tuscany, it is popular among those who plan to buy property in Italy. It is not surprising because the local climate is favorable for recreation, and people are friendly to guests. Since the region is one of the poorest in Italy, the cost of living here is an order of magnitude lower. You can buy real estate in Calabria on very favorable terms. Considering that the sea surrounds the region from almost all sides, the tourism business is actively developing, causing interest among foreign citizens to invest in local real estate.

The cost of real estate in Calabria

As already mentioned, Calabria is not distinguished by high economic performance. It has developed historically, but the natural potential of the territory promises almost unlimited opportunities for economic growth and living standards.

If we talk about the secondary real estate market, you can buy an apartment in Calabria for 1,000 € per square meter. In new buildings, the cost of housing is higher and can reach 2,000 € per sq. M/meter. There are often offers in the price policy from 1,100 € to 1,800 € per sq. m/meter in cities and up to €1200 per sq. meter - in the suburbs.

A house in Calabria with a sea view will cost about 200-250 thousand €. It will be the first line. If you look for a cheaper option, you can find much more acceptable offers, but further from the coast.

The cost of utilities for an apartment of 85 sq. meters will tighten about €118 / month. Furnishing a home with new furniture will cost about 20,000 €.

Real estate business in Calabria

Since the region is developing in tourism, when deciding to make money on renting an apartment, Calabria opens up excellent prospects for a stable income. So, renting a one-room apartment in the city will cost from €170 to €400 / a month. In the suburbs, the cost of a similar transaction will be from €130 to €350. The monthly rent of three-room apartments will drag on average from €617. Considering that rooms in regular hotels will cost €70 per night, most budget tourists choose private accommodation. So, there should not be a shortage of tenants, especially during the high season. The daily rent of apartments in Calabria starts from €25 and more. But on average, they ask for at least €50 per night.

August's hottest month in Italy can be considered the most promising for the housing business. Because of the massive influx of tourists, the cost of renting real estate at this time of the year rises to maximum levels. For example, by renting a two-room apartment in Calabria during this period, you can earn 800-€900 weekly.

So far, this region is associated more with summer holidays, but you can have a good time here in the winter, as there are several suitable ski slopes. Thus, there is every reason to believe that Calabria will become a popular year-round resort over time, expanding the possibilities of doing business related to rental property.

Why purchase a property in the province of Calabria?

If you like Italy, buying a property in this picturesque corner would be the right decision. Low prices for goods, combined with beautiful nature, make Calabria one of the most popular holiday destinations.

The local cuisine deserves attention, elevating gastronomic tourism to the category of natural art. Prices in the local cafes and restaurants are lower than in other areas of Italy, and the professionalism of the chefs is beyond praise.

The region cannot boast of many memorable places, but those sights of Calabria that are there will appeal to everyone:

• Botanical Garden in Reggio di Calabria;
• National Museum of Magna Graecia;
• Aragonese castle;
• Sanctuary Santa Maria dell Isola;
• Seaport of Squillace;
• House of the philosopher Tommaso Campanella;
• Norman castle;
• Ancient Cathedral.

The main reasons to buy an apartment in Calabria are the many beaches and the purest seawater.

Cost of living in Calabria

You can dine in an inexpensive local restaurant for about €12. If you go to an institution of an average price category, you can eat together for an amount from €30 to €40. Fast food in a fast-food chain will cost about €8.

If you eat at home, you can buy food from local supermarkets. Prices for the major products are listed below:

• White bread - 1-€2 / loaf;
• Eggs - from 2 to €3 / dozen;
• Hard cheese - €10 / kg;
• Chicken meat (without bones)–€6 / kg;
• Beef - 10 € / kg;
• Fruits and citrus fruits - 1.€4 / kg;
• Rice (white) – €3 / kg;
• Potato - 0.61 € / kg;
• Tomatoes - 2.3 € / kg;
• Bananas - 1.5 € / kg;
• Milk - 1 € / liter;
• Mineral water - 0.€2 / liter.

Prices for clothes and shoes are also low. The jeans will cost from €50 to €90. A summer dress costs about 15-€40. The price of a pair of sneakers is on average €83—around €97 for men's leather shoes.

Transport costs are also insignificant. Tickets for local buses rarely exceed 1.€3. A monthly subscription will cost €30.

In Calabria, there are many options for meaningful leisure activities. For example, going to the cinema costs €7 per person. An hour of playing on the tennis court - €13. Access to the fitness club - €30 / month. The local botanical garden, a few but interesting museums, and colorful old buildings hospitably welcome visitors.

Having bought property in Calabria, you can safely implement your idea. However, not the wealthiest, most beautiful, and the friendly region offer excellent opportunities for living and doing business. Being the southern region of Italy, Calabria attracts tourists with its warm Mediterranean climate, abundant seafood, and low prices. Of course, if to buy an apartment in Calabria is the choice of everyone, but we boldly recommend this type of investment as one of the most promising in 2018.