Italy Property Investment

Investment Property in Italy

Torre San Giovanni Apartments, Puglia, Italy

The apartments are situated 4 km from the beaches on the Ionian coast, and close to the town of Ugento. Gallipoli is 45 minutes away and approximately 90 minutes from Brindisi Airport. (Bari airport is also an alternative but further away). According to many the area boasts some of the finest sandy beaches and crystal blue sea in Italy -- with a shallow shelf benefiting beach sports and children’s water activities.

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Torre San Giovanni Apartments, Puglia, Italy Summary

Price range of: £100,000 - £137,000
Bedrooms: 1 - 2
Development Type: Apartment
Listing Type: Sale

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The Development - Torre San Giovanni Apartments

Province of Lecce in the commune of Torre San Giovanni .

The town is small and still undeveloped -- popular with Italian holidaymakers. The local amenities within 1 kilometre include restaurants, bars, supermarkets, banks, and seaside related activities.

ITALIAN PROPERTY MARKET - WHY ITALY?

Italy in general is an attractive prospect to investors due to the fact that it is accessible from most European capitals and The low cost airlines have opened routes (and continue to open new routes) to many of Italy’s regional airports. This has a knock on effect on property prices in these areas. Countrywide, house prices have risen around 7.2% year on year and in areas where no frills airlines are operating routes, the projected increases are as high as 20%.

For those interested in the buy-to let market, the high tourist numbers coming to Italy are encouraging. In addition there is also a strong domestic market, as Italians take great pleasure in enjoying their own country and make a point of travelling around it.

Last but not least favourable tax legislation makes Italy a hot spot for property investors. There is no wealth, or capital tax gains and if you take out residency it is possible to cut your property costs considerably.

ABOUT PUGLIA / APULIA: ‘An undiscovered corner of Italy’.

Another of Italy’s secrets, sun drenched, brightly coloured flora, pastel painted villas, vineyards and miles and miles of olive groves -- the heel of Southern Italy pointing benevolently at Greece, with Corfu just a few hours away by boat. The closeness of Greece reflects in the ambience and style of the towns, cities and villages. The seas of Puglia: both the Adriatic and the Ionian are renowned for their crystal clear waters and wonderful beaches. One is never more than 30 miles from Puglia’s coastline dotted with its small towns and fishing villages, where fishermen mending their nets at the quayside are still a traditional part of the local way of life.

Travel through the Valle d’Itrea and see the numerous famous ‘trulli’, small conical roofed dwellings, dazzling whitewashed and all under the protection of UNESCO, and now the holiday homes of lucky owners, many from the United Kingdom and Ireland.

Pugliese food and wine is so good, and the area is responsible for the production of 70% of Italy’s olive oil. Puglia also supplies 10% of the EEC’s wine needs and 80% of its pasta! Fish lovers will be in their element with the choice of oysters, mussels, octopus and sardines to name but a few. Local wines concentrate more on quality than quantity; their red wines derive from the ‘Uva di Troia, Bombino Nero, Montepulciano and Sangiovese.

The capital of the region is Bari, but there are many other wonderful historic towns and villages to visit. One of which is Lecce, known as ‘The Florence of the South’, or another is Ostuni, known as the ‘White Town’, brilliant white in the daytime sun situated on the hillside, but softly lit by amber lights after the sun goes down. Gallipoli with its’ narrow medieval streets and fabulous early morning fish market is well worth a visit. Bari, Puglia’s capital with its historic centre is a must see and a walk along the lovely sea front promenade seeing the fishermen at work is a delight.

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