/24-7PressRelease/ - NOTTINGHAM, UK, July 01, 2008 - This is because property prices are comparatively cheaper than other similar areas in Europe, similar in the glorious beaches, scenery and climate that is. Another plus for Calabria is the fact that the area will not be overdeveloped due to strict government planning controls - this will ensure that demand remains high for rental accommodation and resale properties.
David Stanley Redfern Ltd announced this week their entry into the Calabrian market, stating that three new Calabrian developments would be added to their website in the coming days.
Jason Killingback, operations manager for the overseas property investment specialists gave journalists a verbal sneak peek at the new developments:
"All three of our new developments are only a few minutes' walk from one of Calabria's gorgeous beaches, and most units will have spectacular views out over the Ionian sea. Of the three developments we are taking on, the lowest priced units start at 71,000 for a 2 bedroom apartment in an off-plan development just 5 minutes walk from the beach, and with the aforementioned views of the sparkling Ionian Sea.
"That is a prime example of why Calabria is going to be so huge in the coming months and years; prices like that for a 2 bedroom apartment on the southern Italian coast offer superb value for money. A property like that for such a low price will give its owners at least an 8% yield, even after taking out their own usage of the property."
Jason went on to give very brief details of the other two new developments: stating that both are apartment complexes, both are close to the beach, and both have unit prices of below 80,000 for 2 bedroom apartments. When an area like Calabria begins to attract increasing international attention, with strict building controls ensuring constantly high levels of demand, it is all but a foregone conclusion that property prices will see sustained and rapid growth of at least 10-15 percent per year.
Find out more about Italian property.
About David Stanley Redfern
David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
DSR have just branched out into the _a href="http://www.overseaspropertyrentals.com"_Overseas Property Rentals_/a_ industry.
Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com
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