Is Calabria property a good investment

Released on: October 23, 2008, 8:52 am

Press Release Author: International Hot Property

Industry: Real Estate

Press Release Summary: Calabria and the long term investment opportunities for the
area

Press Release Body: Is Calabria property a good investment?

Few countries are as diverse as Italy. Whether you are looking for spectacular
landscapes, romantic getaways, renaissance art, medieval architecture, panoramic
beaches or skiing - Italy has it all. While you are indulging in your heart's
desires, you can also get a taste of the marvelous authentic cuisine, the fantastic
Italian culture and, of course, unforgettable shopping at the many designer
boutiques. Italy produces some of the world's finest wines, and the legendary
gastronomic delights of fresh fruit, seafood, pasta and pizza are sure to make your
mouth water. Blessed with stunning scenery, amazing food and drink and an infectious
passion for the good things in life, Italy and Calabria in particular, is truly the
land of La Dolce Vita! Calabria, the southernmost toe of the Italian boot is without
doubt the Mediterranean's best kept secret.

As for the economy of Calabria being in the very south of Italy Calabria's economy
is very poor and relies on Agriculture and in no way matches the rich lifestyle of
Italy's north. Italy's government is keen to close this historic south-north divide
and is pledging 100 billion Euros-worth of national and EU investment in the south
as part of a 2007 - 2013 cohesion plan. Calabria's greatest asset is its wonderful
coastline and the potential for tourism is phenomenal, a potential which is in the
early stages of being realized and will have a positive effect on the local economy
according to Simon Jones market analyst at
http://www.internationalhotproperty.co.uk/

"Obviously the cohesion plan will have a positive impact on property values in the
medium to long term and with incredibly low prices for the location and the stunning
scenery along with the Italian Government's cohesion plan to bring the south in line
with the north Calabria property represents great value to overseas property buyers
and property investors alike. There is no capital gains tax if you sell after 5
years and there is no inheritance tax in Calabria. All these factors make Calabria a
very interesting place indeed" said Simon.
Anyone wanting more information about property in Calabria and Investment property
in Italy should contact www.internationalhotproperty.co.uk




Web Site:
http://www.internationalhotproperty.co.uk/overseas_property/Italy_(Calabria)

Contact Details: INTERNATIONAL HOT PROPERY

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