Calabria becomes a property investment hotspot in Southern Italy

A region of Italy is holding its own as an investment hot spot thanks to a number of brand new luxury homes developments.

Calabria, southern Italy, is home to a number of up and coming homes developments including a new scheme called Terrazas Di Pizzo.

The region has a picturesque coastline and is currently benefiting from investment in infrastructure planned by the local authorities.

Annoucning Terrazas di Pizzo, First Property Choice said the “breathtaking” and “ultra-modern” development was surrounded by miles of white beaches and a majestic mountain backdrop.

The firm described the new homes project as “emerging as the most exciting holiday home location in the whole of Europe”.

One and two-bedroom apartment homes are available off plan, including either spacious ground floor gardens or rooftop terraces. In total the scheme involves 163 homes being built in two phases, with one due for completion in December 2010 and the other by June 2011.

Investment in the region has seen an improvement in the road network and the arrival of cheap direct flights to Calabria. Many homes in the region are also currently available for considerably less than comparable locations in established Italian markets, such as Tuscany.

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