
Real estate in southern Italy
Here’s why you can buy beautiful and valuable real estate in Italy at a bargain price.
Southern Italy offers unparalleled beauties for your vacations. The sea is limpid and warm, seafood is delicious, climate is dry and not too hot, the coast presents a variety of beaches and resorts. You prefer an uncontaminated and quite seaside? You’ve got it. You’d rather choose a more glamourous beach? There are places like Amalfi, Positano, Tropea and Gallipoli, to name a few, that feature almost every kind of leisure.
Now, some circumstances made aparments and villas in southern Italy astonishingly inexpensive:
- the Euro is depreciating versus the Dollar and most currencies
- Italian banks suffer a real credit crunch, dampening the mortgage market for real estate acquisitions
- Unemployment is at record highs
- Purchasing power is at record lows
- Many are selling their secondary residences in order to raise cash