Classy in Calabria

Overseas Living Magazine:Classy in Calabria
08/05/2008
Overseas Living

With great weather guaranteed almost all year round, the investment potential of Calabria is rapidly heating up


There is an old saying which says 'there are two things in life that are certain, death and taxes'. I would like to add a third thing to that, saying: 'capital appreciation in Italian property'. VFI have been selling property in southern Italy for over two years. In those years we have seen growth in every market from property to tourism. The two main airports Lamezia Terme and Reggio di Calabria have attracted attention from low cost airlines such as Ryanair and Aeroflot, which in turn have had a positive effect on the economy of the area. The Italian government as well as the European Union have also been keeping a close eye on southern Italy with investment into infrastructure, ecological projects such as solar and wind farms and also the protection of Calabria's heritage - increasing the area of the national parks and also putting restrictions on development by the coast.

If you take other developed markets throughout Europe you will find that these ingredients make a viable footing for a sustainable investment. Also when you take into consideration unrivalled capital appreciation, top quality finishes, 10 year structural guarantees, no inheritance tax, high rental yields, 850 km of amazing coastline, golf courses, ski resorts and last but not least, all VFI developments are fully bank bonded, this makes it an ideal choice for your future investment. San Sostene Resort San Sostene Resort is situated near the beautiful Soverato in the Calabrian province of Catanzaro in the southern Italian Rivera.

It is one of the most well known and beautiful tourist resorts on the Ionian coast, having been referred to as 'The Gem of the Ionian Sea'. Catanzaro, the regional capital, is a very wealthy, affluent city. Due to the microclimate which engulfs the area, the region offers warm and pleasant weather all year round. The seas are crystal clear and the region is blessed by 800 kilometers of beautiful sandy beaches and hidden coves that attract various water-sports and diving enthusiasts. The fishing port of Soverato is one of the best known and most active ports in southern Italy, ensuring that great seafood is always on the menu of the many restaurants in the region. Our latest development is built on a fantastic elevated position above the town, offering unparalleled panoramic sea views, some of the best you could ever experience on the Ionian Coast.

The resort consists of 140 one bedroom apartments and three bedroom townhouses, each stylishly designed to take into consideration the needs of the western European. San Sostene Resort is situated 1700m away from the white sandy beaches and local restaurants and is also within close proximity of the nearby Santa Catherina Golf Course. San Sostene Resort is five minutes from Soverato, 15 minutes away from the town of Catanzaro, and just 45 minutes drive from Lamezia airport which offers direct and indirect, inexpensive flights from London.
* Construction has already begun
* Completion 18 months later * High Rental in Summer to Italians,
* Expected Rental Yield nine percent

Useful information

For more information on the featured development please contact us on:
Direct UK: 0044 208 0995761
Direct IRL: 00353 21 2427641
Direct ITL: 0039 699 268317
UK Freephone: 0800 6800704
sales@vfioverseasproperty.com
www.vfioverseasproperty.com

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IN THIS ISSUE

In this edition, we take a look at some of the stunning resorts from around the world, go house hunting in the hills of Italy, and see what it's like starting a business abroad
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