Le Terraza di Pizzo is a spectacular, ultra-modern development of luxury 1-bedroom and 2-bedroom apartments, either with spacious gardens on the ground floor or with rooftop terraces on the top floor. Each property is perfectly placed to give you spectacular views in a sublime setting, surrounded by miles upon miles of glorious white beaches, clear blue skies and an awe inspiring backdrop of majestic mountains. Known to Italians for years as the real Italian Rivera, this sun-soaked corner of Southern Italy is emerging as the most exciting holiday home location in Europe.
This development is within easy walking distance to Pizzo Marina Beach which has some of the finest soft white sand in the area. Adjacent to this beach you have some fantastic local amenities including a selection of local restaurants, bars, shops and much more. The apartments are elegantly and sympathetically designed to reflect the local architecture, yet feature all modern conveniences and high specification finishes, each facing the crystal clear Tyrenean Sea and on the back overlooked by the evocative grandeur of the mountains. Each has its own private entrance, comes with a fully furnished kitchen with top class appliances, Sky TV, internet connection and pre-installation of air conditioning. Interiors include an American style kitchen with an open-plan living and dining area complemented by the large windows leading to an ample terrace. The gardens are well stocked with plants, trees with an attractive commercial centre forming an eye-catching centre piece. They are built to the highest European specifications, with full government bank bonded guarantees. Everything you need for your comfort and peace of mind.
Development Features:
• 2 swimming pools
• Landscaped gardens
• Unrivalled sea views
• 1km to Pizzo historical town centre
• 1km to beach
• 5 min drive to train station
• 29km to Lamezia International Airport
• 25km to Tropea - Voted Beach Resort in Europe 2007
Southern Italian Riviera
Pizzo is a picturesque little town perched on a hillside overlooking a panoramic view of the sea with the Ionian Islands in the distance. The heart of Pizzo is
La Piazza Repubblica, known fondly as Il Salotto, the living room. A popular meeting spot with locals, from here one can look down over rooftops to the pretty harbour, fine sandy beach, and crystal clear waters below.
Calabria itself, in the southernmost ‘Toe of Italy’, may be considered Italy’s hidden gem to the rest of the world, but to Italians, Calabria is a favoured holiday location. Known to them as Italy’s ‘Real Riviera’ offering a glimpse of authentic Italy. Unspoiled by the vagaries of tourism, replete with that quintessential laid-back Mediterranean atmosphere and bursting with the sights, sounds and culinary flavours of this ancient land and culture. Pizzo’s own contribution to the world of gastronomy is the famous Il Tartufo ice cream which was invented in the town to honour the visit of Prince Umberto I of Savoy in 1943. Fortunately there are about 15 Gelaterias in Pizzo, each with their own secret recipe for Il Tartufo.
For lifestyle buyers, the combination of fantastic weather, stunning scenery, iconic gastronomic delights and centuries of cultural heritage make for a simply unique package. For investors, the stability of the Italian economy, governmental support for restricted development, a healthy domestic ‘second home’ market and higher demand than supply, makes Italian property a sound investment prospect, offering good rental returns and strong capital appreciation.
Why Invest in Property in Calabria?
♦ Italy is a primary tourist destination.
♦ Strong rental potential from both the International tourist market and a strong internal market. Italians take long holidays in regions such as Calabria.
♦ It has wonderful year-round temperatures
♦ 800 kilometres of wonderful beaches
♦ Property prices there are dramatically lower than the rest of Italy
♦ For Investors the rental potential is extremely lucrative!
♦ Skiing in the winter in the nearby mountains
♦ History - Calabria is full of spectacular castles, churches and museums
♦ Low cost airlines have put Italy at the centre of their growth.
♦ The property market is rising steadily up to 20% in “undiscovered” areas such as Calabria.
♦ Still time to pick up a bargain property in Calabria .
♦ No wealth or capital gains tax to be paid in Italy.
♦ Double taxation agreement currently in place between Ireland and Italy.
Low Property Prices:
Property prices in Calabria are currently around 50% to 70% cheaper than comparable properties in Tuscany and Umbria. Investment money is pouring into the region and budget airlines such as Ryanair & Air Berlin making it much more accessible. As a result prices are set to escalate rapidly over the next number of years.
Capital Appreciation:
Calabria has enjoyed a reputation as the “Undiscovered Italy”, but the secret is now out and the region is being heavily promoted to both tourists and property investors. Currently demand for property exceeds supply, thanks to the Italian Government’s controls on development, which makes for a very investor friendly market.
Government Investment:
The south of Italy is booming thanks to Government investment and support, and Calabria is now benefiting from €1.2billion in EU and Italian Government funding to improve infrastructure and facilities in resort towns.
Strategic Location:
If the property is all about location, then Calabria has it all: 800km of stunning beaches, crystal blue seas, towering mountains, verdant forests and lush green valleys. Plus, Pizzo is just 20 minutes from Lamezia Terme International Airport. That means it’s easily accessible to investors, and in a prime location to attract tourists.
Rental Market:
Italy is the world’s fourth most popular tourist destination, and Calabria is carving out an increasing slice of the market. And it’s already extremely popular with Northern Italians, who flock here for their summer holidays. In fact, Calabria is known as the “Real Italian Riviera.” The net result for property owners is a captive market ripe for the plucking.
Low cost of living:
As you can imagine, the cost of living in Italy is well below that of Ireland. Last year Dublin was ranked the 8th most expensive city in the world, while the Italian capital came in at an encouraging 27th. In fact, according to the latest Pricerunner reports, retail goods in Italy are 25% below the EU average. In Calabria the cost of living is even cheaper.
Payment Structure
35% on Preliminary Contract
20% on the 30th April 2009
45% on completion
1-bed / 1-bath apartment from Euro 71,200 (46 sqm incl. terrace)
2-bed / 1-bath apartment from Euro 114,900 (110 sqm incl. terrace & garden)
PLEASE CONTACT US ON 01-6771188 FOR FURTHER DETAILS.
About Italy
Capital: Rome
Population: 58,133,509 (July 2006 est.)
Area: 301,230 SQ KM
Time Zone: 1 hour ahead (UTC/GMT +1 hour)
Languages: Italian
Religion: Roman Catholic 90%, Other 10%
Currency: Euro (€)
Weather: Italy has three distinct geographical regions which help determine the climate.
1. In the North, cold Alpine winters are followed by warm, sometimes wet summers.
2. Areas protected by hills and mountains can enjoy a mild climate all year around.
3. The rest of Italy has a pleasant climate with long, hot summers and mild winters.
Electricity: 220V 50HzHz (European plug with two circular metal pins)
International Codes:
Ireland to Italy 00 + 39 + Area Code+ Tel #
Italy to Ireland 00 + 353 + Area Code+ Tel #
Entry Regulations:
Nationals of Ireland and the EU do not require a visa for stays of up to 90 days. All others are advised to contact the embassy to check their visa entry requirements.
Embassy:
The Embassy of Ireland in Italy | L'Ambasciata d'Irlanda
Piazza di Campitelli 3, 00186 Rome, Italy
Tel: (+39) 06/697-9121 Fax: (+39) 06/679-2354
Exchange Rate
We have done our best to keep the exchange rate conversion as up to date as possible. Please contact the estate agent directly for an exact conversion rate.
Getting There
Rent a Holiday Home Abroad
Overseas Finance Packages
