Why is it worth investing in real estate on the islands of Italy?
- Why is Sardinia the perfect place for investment and living in Europe?
- How do non-residential spaces affect real estate prices in Sardinia and Sicily?
- How to safely buyreal estate in Sicily? Important tips and risks
- How to buyreal estate in Sardinia: tips and opportunities
Unique corners of Europe: The Italian islands
Among the unique places in Europe, the Italian islands hold a special place, attracting the attention of nature lovers and those looking for something more than just a house with a pool in the sun. Sardinia, in particular, is a popular destination for investors and buyers seeking to create a second home on this beautiful island. In recent years, interest in real estate in Sardinia has increased, making it especially appealing to international buyers.
The history of the exploration of Sardinia
The story of the development of the northern coast of Sardinia began to unfold in the 1960s when the Lebanese prince Aga Khan, facing difficulties with his yacht, found himself on this picturesque island. Captivated by the stunning landscapes, he purchased a stretch of land along the coast that extended for 50 kilometers and created a resort that attracted attention rivaling that of the famous French Riviera. His ambitious project turned out to be quite successful and became one of the most sought-after vacation spots.
Resorts and real estate in Sardinia
The resort of Porto Cervo, located in northern Sardinia, has become a symbol of luxury and sophistication. Here, you can find exquisite boutiques as well as top-class yacht marinas. The real estate prices in this area are also impressive:
- Two-bedroom apartmentand with a beautiful view of the waterfront, they cost around 610,000 dollars.
Promising areas for investment
Among the new and promising areas, Santa Teresa di Gallura stands out, where a modern marina has recently been built. It's also worth noting the resort on the Capo Ceraso coast, which is just 12 kilometers from Olbia. This complex offers a variety of amenities:
- Luxurious swimming pool,
- Tennis courts,
- Beach bar and restaurant.
This is a great opportunity for profitable investments. The price of two-bedroom apartments with a stunning sea view is approximately $300,000.
The historical heritage of Sardinia
Sardinia is unique not only for its nature but also for its historical architecture, many features of which are infused with Arab heritage that has remained since the time when the island was controlled by the Moors. However, searching for a countryside house in traditional Arab style on the secondary market can be a real challenge. Moreover, properties in the secondary segment often require a lot of effort and expenses for repairs. This makes new constructions a preferred choice for investors.
Style and quality of new real estate
It is important to note that Italians pay special attention to both the style and the finishing of their homes. Thus, when purchasing new real estate, you can expect a higher level of design and layout compared to countries like France or Spain. However, it is worth remembering that modern new builds often lack kitchens, which can cause some inconvenience if you plan to cook for yourself. In this case, you will need to think about where to install the kitchen equipment.
Conclusions about Sardinia
Thus, Sardinia is a vibrant and attractive place for living and investment. The island draws people in with its natural beauty and numerous opportunities for active leisure, creating a unique environment for living. The distinctive spirit of Italian life, which combines culture and nature, makes Sardinia an excellent option for those dreaming of a new home in Europe.
The impact of non-residential spaces on real estate value
In fact, non-living spaces like terraces and balconies significantly increase the value of your property. Often, it is in these areas that small kitchens are installed, which become a convenient addition to the home. Additionally, the appearance of outdoor showers located in villa gardens looks quite attractive and unusual.
Features of Sardinia
Linda Travella from Casa Travella, a company that has been selling real estate in Sardinia for over twenty years, claims that while on this island, you are more likely to notice new construction projects rather than be interested in restoring historical ruins. She emphasizes that Sardinia is fundamentally different from mainland Italy, so one should not expect picturesque landscapes with lakes and ancient structures.
Although the coast of Sardinia is considered one of the most beautiful in the world, the interior regions of the island face a lack of developed infrastructure. Cozy stone buildings are a distant dream, as most tourists choose Sardinia not for a secluded life next to shepherds.
Real estate rental in Sardinia
By purchasing property in Sardinia, you will have the opportunity to earn a decent income from the rental business from June to September, when Italians are on vacation. During the rest of the year, it makes sense to target tourists from Germany, the UK, and Russia. However, it is important to keep in mind that the tourist season in Sardinia does not last all year round; there is a lull from November to March.
Sicily: Opportunities and Challenges
As for Sicily, this island attracts with its atmosphere and diverse climate, and it is home to about five million people. Sicily is known as the home of the largest active volcano in Europe and is considered the birthplace of the famous Italian mafia.
The infrastructure needs modernization, and local administrations can take several years to review construction applications. While many fall in love with Sicily, only a few are able to purchase property here without having reliable connections.
Prospects of the real estate market in Sicily
Bill Thomson, a real estate agent from Knight Frank, comments that the real estate market in Sicily presents an interesting situation. Previously, foreigners avoided this area due to rumors about the mafia, but now this issue has almost lost its relevance, and the market has become more accessible. The cost of housing here is significantly lower than in other parts of Italy.
However, there aren't many modern residential complexes in Sicily, so buyers often find plots with old houses that require major renovations. It's worth noting that while some properties may be available for just a few thousand dollars, overall, housing in Sicily typically starts at around $70,000.
Investing in real estate in Sicily
For an amount between $250,000 and $350,000, you can purchase decent villas. An old house with three or four bedrooms, a small garden, and a pool can be transformed into comfortable living space for just $450,000. Thus, Sicily can be an excellent choice for those looking for housing in southern Italy, as with the right approach, it is possible to find interesting options at reasonable prices.
When purchasing any real estate, it is essential to carefully check its legal status and consider many details that may go unnoticed at first glance. How likely is it that the property has encumbrances? Will you be able to connect water supply for irrigating your delicious fruit garden? It is important to get clear answers to these questions before making a final decision on the property acquisition.
Culinary traditions of Sicily
Sicilians are known for their friendly nature and their ability to enjoy life; they happily live in their small towns. The local cuisine, characterized by rich flavors, is a unique blend of Italian and Arab traditions, creating an unforgettable gastronomic experience.
Historical heritage
The nature of Sicily is stunning in its beauty. The island's historical heritage spans many centuries, and its cultural landmarks, including Roman amphitheaters and Greek theaters, along with the vibrant markets of old Palermo and the majestic temples in Agrigento, are a testament to this.
Risks when buying
Nevertheless, it is worth noting that there are certain risks in Sicily — these are:
- aggressive drivers;
- minor offenses;
- exhausting summer heat;
- confusing bureaucratic processes.
Additionally, it is helpful to have at least a basic knowledge of the Italian language for comfortable communication.
Safe areas
However, not all areas of the island have a criminal background. For example,the city of RagusaIt stands out among others due to its low crime rate both in Sicily and in Italy as a whole. As a result, property prices in the central part of Ragusa have increased by about 40% recently, although they remain quite reasonable compared to other regions of the country.
The appeal of Sicily
“Currently, only a small number of foreigners are buying property in Sicily, which gives the island a unique appeal,” notes Bill Thomson. “I advise not to limit yourself to the coastal areas, as there are too many tourists there. It’s better to explore the interior of the island, where you can find interesting and affordable options.”
The procedure for purchasing real estate
The process of buying real estate in Sicily is similar to the procedures in other regions of Italy. It is completely safe as long as all necessary legal processes and regulations are followed. Today, the real estate market in Sicily is actively developing, and along with this, there is a rise in the number of unreliable companies. Therefore, the most sensible choice would be to seek assistance from an experienced agency or lawyer who has been working in this field for at least five years.
Commissions and expenses
Usually, both the seller and the buyer pay the agency a commission, which amounts to about3%the cost of the deal. One should not forget about state taxes and additional expenses, such as notary services, as this can increase the total purchase price by approximately15%.
Preliminary contract
After the price agreement is reached, the parties sign a preliminary contract, known assales agreement (sales agreement), which is an important step in the process of concluding a real estate purchase deal in Sicily.
The process of buying real estate in Sardinia
At the stage of purchasing real estate in Sardinia, buyers usually need to make a down payment, which ranges from 10 to 30 percent of the total price.
If the buyer decides to withdraw from the deal before signing the main contract (scrittura private), the amount paid will remain with the seller. In the opposite situation, if for any reason the seller rejects the deal, he is obliged to return the deposit in double the amount.
Additional expenses in Sicily usually amount to around20%from the price of the object.
The appeal of the Sardinian coast
Sardinia, with its picturesque coastal views, attracts foreign clients like a true piece of paradise.
The French company Pierre & Vacances offers a unique opportunity to purchase property on the northwest coast of this magnificent island. The Calarossa residential complex, located on the stunning coastline, has become a true gem of the region.
At first glance, it may seem like just a group of separate buildings scattered among the rocks and lush vegetation, but upon closer inspection, it becomes clear how magnificent it truly is.
Description of the residential complex Calarossa
The complex features over three hundred houses painted in warm shades of ochre, which harmonize with the colors of the surrounding red cliffs.
These buildings blend harmoniously into the picturesque coastal landscape:
- A true Mediterranean idyll has been created with the scents of lavender and bougainvillea.
- Olive trees are growing everywhere.
- The winding paths and decorative landscape elements give this place an atmosphere of seclusion and tranquility.
Active life in the complex area
The common area of the complex is the center of active life. Here you can find:
- Two large swimming pools
- Beaches
- Cozy restaurants, shops, and bars where both locals and tourists love to gather.
The summer months are marked by a multitude of events and entertainment programs for people of all ages.
For those who prefer solitude, a secluded beach is just a few minutes' leisurely walk along a picturesque path. Additionally, for those who enjoy staying active, one of the buildings in the complex features a fitness club with a modern gym and sauna.
Diversity of housing
The complex offers a variety of housing options:
- 11 studios
- 245 one-bedroom apartments
- 72 two-bedroom apartments, which can be located on one or two levels.
Real estate prices start at around115,000 dollarsand can reach320,000 dollarsfor the most spacious apartments with a mesmerizing view of the sea.
Almost all apartments offer a picturesque sea view, and the parking is located away from the residential areas.
Financial guarantees for buyers
Don't forget that the company Pierre & Vacances offers its clients a French program.leasebackwhich provides a stable rental income for all real estate properties.
The interiors of the apartments are usually designed in a traditional country style, and each apartment features spacious terraces.
One of the most appealing aspects of the Calarossa complex is that the construction is fully completed, allowing new owners to immediately start enjoying their homes on this wonderful island.
Italian islands as the perfect place for living and investment
In conclusion, it can be confidently said that the Italian islands are an ideal place for living and investing in real estate. The attractive landscapes, warm climate, and rich culture make them a true paradise for both locals and foreigners.
Sardinia: resorts and modern residential complexes
Sardinia, with its stunning resorts and modern residential complexes, is becoming increasingly popular among foreigners who want not just to buy property, but also to enjoy life surrounded by nature and the sea.
- Areas like Santa Teresa di Gallura offer promising investment opportunities that attract the attention of both tourists and potential renters.
- The new buildings here offer a high level of design and functionality.
- It's important to keep in mind the nuances, such as the lack of kitchens and the need to approach the layout creatively.
Sicily: authenticity and low prices
At the same time, Sicily, with its rich history and unique architecture, attracts with its authenticity and lower real estate prices.
- Despite some difficulties with infrastructure and lengthy building permit processes, many people still decide to make a purchase, seeing potential for the future in it.
- Many properties in Sicily may require restoration, but they offer opportunities for creating unique housing.
Conclusions and recommendations
Thus, anyone who decides to invest in real estate on these magnificent islands should be prepared for the various challenges and opportunities they offer. Despite their differences, both Sardinia and Sicily can become not only a vacation spot but also a source of income and satisfaction.
- Your dream of a house on an Italian island can become a reality if you take the right approach and understand the market.
- Each island has its own unique atmosphere and way of life.
- Here, a lot is possible — from enjoying picturesque landscapes to earning a stable income from rentals.
Ultimately, Italy and its islands are truly capable of offering each of their guests something unique and unforgettable.
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