Residence Permit in Italy and Other EU Countries Based on Financial Independence

Residence Permit in Italy and Other EU Countries Based on Financial Independence

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  • Calabria, Italy
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Property for sale in Calabria

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Today
Meina, Piedmont, Italy
980,000 €
3 bedrooms

Calabria — the sea, mountains and cheap property. In landlocked towns and villages, residential property is available at no higher than €500/m2. Tranio experts have described some other features of this southern Italian region.

How much the residential real estate costs and what affects the price

The three main factors affecting the property price are its location, type and layout.

The average price per square metre in the region is €1,073. The price keeps going down just like all over Italy: in August 2014, it was €1,168/m2.

Calabria comprises five provinces, with each of them having its own average apartment price:

  • Catanzaro and Crotone — €950-1,000/m2
  • Cosenza and Reggio di Calabria — €1,050-1,100/m2
  • Vibo Valentia — €1,350-1,400/m2

The relative expensiveness of Vibo Valentia has been affected by the sales of property on the province s coast and near the beaches. Real estate agency realtors and developers in Ricadi, Tropea, Parghelia and Zambrone sell residential property at prices from €1,400/m2.

The property type also affects its price: villas are the most expensive, while rural houses are, on the contrary, the cheapest. The table below features the average prices per square metre for different types of residential property as of September, 2019 (according to immobiliare.it):

Catanzaro, €/m2

Crotone, €/m2

Cosenza, €/m2

Reggio di Calabria, €/m2

Vibo Valentia, €/m2

Apartments

1,025

1,108

964

908

1,186

Houses

643

863

697

564

565

Rural houses

375

381

710

391

497

Townhouses

1,078

1,174

1,099

1,013

1,269

Villas

1,066

1,123

1,047

994

1,756

The third and the most evident factor affecting the price is the layout. The price depends on the size of the living room, the number of bedrooms and bathrooms.

Up to 2019, residential property prices in Calabria have been falling just like all over Italy. However, analysts expect the market to strengthen soon. Therefore, if you buy property in Calabria now, it can become a profitable investment for the coming years.

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