Best Italian Investment Property Around
Posted by Rebecca Sale on 10 th in DSR, Investment Property, Italy property news on 10th of November 2010DSR have done it again, I know that is a tacky way to start a release but it ‘ s true and the best way to describe the newest addition to DSR ‘ s range of Italian investment property.
Alongside the amazing deal of a period property in Tuscany for £80,000, DSR is now offering 1-2 bedroom bungalows in Puglia priced from £50,000 to £70,000. For £50,000 you get a 35m2 1 bedroom bungalow with a 6m2 veranda, £66,000 buys you a 55m2 1 bedroom bungalow with a 15m2 veranda and £70,000 buys you a 65m2 two bedroom bungalow with a terrace.
The Manduria development is just half a kilometre away from the beach Puglia’s fantastic coastline, only 2km from Brindisi airport. Prestigious Italy is world renowned for its sports cars, fine wine, relaxed; Mediterranean way of life and climate to match. Puglia in particular is a strong favorite with tourists because it has retained its heritage strongly and has a real Italian culture It being held in such high regard means it will always draw millions of tourists per year.
Puglia is also a particular favorite with shrewd property investors, most notably Amanda Lamb a well known face on property shows has bought there, because you get far more for your money.
I am confident in saying that the Manduria development is one of the best properties on the market because the prices are so low and therefore the value so high — especially when you take into consideration the fact that Bungalows are extremely popular when it comes to holiday rentals, and therefore high prices can be charged. Low property prices and popularity with tourists equals high rental yields.
Buyers will be quids in again if they hold their property for five years before selling for a strong profit, as capital gains tax is not charged on properties sold after five years of ownership, before that the gain is charged as income.
Owners of a Manduria bungalow can expect yields of around 8-10% from holiday makers, and capital appreciation of around 15% per year. Italy is a consistently strong market. Even if capital appreciation isn ‘ t as spectacular as some of the emerging markets, a property investment in Italy, especially one on such a high class property as the Manduria development is as close to risk free as you can get.
