Things to consider before investing in Calabria property
Here are the top 12 tips when purchasing property in Italy by a client who recently invested in a Calabria property.
1. Using an independent solicitor to look after your purchase is recommended.
2. The client said that they spoke with a selection of solicitors and asked exactly what they would receive for the fees.
3. If possible try and engage the services of multilingual speaking solicitor.
4. Check the Law Society register to make sure everything is above board with the solicitor you decide to choose and if possible speak to other people who have used there services to see how well they worked.
5. Always ensure the property is backed by a bank guarantee for the complete term of the build and make sure you are covered with a financial compensation if the building works get delayed.
6. If you agree any additional things with the builder or agent, make sure they are written into your contract and exact details agreed.
7. Agree that your contract is wrote in both languages, English and Italian.
8. When your finalised contract is received, check it to ensure that it is signed in the relevant places by both you, the buyer and also by the vendor of your property in Calabria.
9. Find out the building companies details and if possible check out previous examples of the work.
10. If you can visit the property site to look over the progress of the building works, or engage the services of a Management company who will check the build process for you and provide you with regular updates on the development progression.
11. Always recommended to carry out a snag report on your property before you complete.
12. Make sure you check the situation relating to any condominium charges, what the costs are and what do they cover you for.
Calabria property is an emerging market with massive potential thanks to beautiful coastline and beaches, crystal clear warm waters, spectacular mountain landscapes, low cost of living, current low property prices and world-class resorts and holiday properties being developed.
You might expect the real estate prices in Italy to be expensive and in the North and traditional destinations like Tuscany they are. This is because Italy is full of cultural treasures and very wealthy especially in the main cities like Rome, Venice, and Milan for example where property prices are quite expensive.
However there is quite an inequality with regard to the wealth of northern of Italy than that of the southern most regions like Calabria which has traditionally relied on farming and agricultural sources of income. This is one of the factors why you can still find a good bargain property in Calabria.
Calabria’s dramatic landscapes, beautiful coastlines, superb climate, and traditional Italy with very affordable prime location property it is simple to see why the region is starting to attract now is the time to get involved in this market, property values are increasing constantly as the region
We hope these tips will help you and wish you success with your investment or holiday property purchase and also visit our website for up-to-date Property in Calabria for www.experience-international.com