A Summer Of Amore For Overseas Property Investors

July 18, 2007 (PRLEAP.COM) Business News
Overseas investment property specialist David Stanley Redfern is launching an Italian revival this summer with a selection of luxury apartments and bargain properties the length and breadth of Europe’s most stylish nation.

Italian real estate has seduced overseas property investors for more than a decade but has struggled to maintain its star quality in the wake of cheap developing markets in far flung, exotic destinations. Along with old favourites Spain and France, Italy has lost out to new names like Cape Verde, Estonia and Dubai. But now is the time to dust off that old Vespa motorcycle, practice saying Ciao Bella and locate the nearest Prada and Versace stores as Italy reinvents itself as the hottest investment destination of the summer.

With the popular resorts already enjoying something of a renaissance, new names within Italy are springing up on the property market. David Stanley Redfern Ltd. has apartments, villas and plots of land in these undiscovered gems, making the most of the country’s stunning diversity and rich cultural heritage.

In the beguiling Ionian Sea village of Monasterace, appartamenti Santa Clara is a brand new development of stunningly appointed apartments. There is one block of apartments, with the 18 homes a mixture of one and two bedrooms. Each luxury apartment comprises of a terrace, reinforced entrance door, a combined living/dining area, American style kitchen, bedroom and full bathroom. Built using the highest quality materials, they look out over the popular holiday resort to the town’s beautiful sandy beaches and nearby marina.

Monasterace is blessed with a mild climate, meaning people flock to the Calabrian coast even in winter. Monasterace treasures its food and Calabria is the garden of Italy, so the emphasis is on fresh locally caught fish and seafood, fresh locally grown fruit and vegetables (dishes featuring mushrooms, peas, beans and pasta are popular) but you will find that spicy salami, hot peppers, sweet sun dried tomatoes, almonds, oranges and delicious fresh bread feature on menus everywhere. Religious holidays are a way of life in Calabria with spectacular street parties, fireworks and parades.

An oasis of peace and serenity, the hilltop town of Parghelia is another new name on the Italian real estate scene. Making the most of its tranquil location and stunning views across the Bay of Santa Eufemia and Eolie Islands, property prices are well below those in more familiar locations in Italy.

The Residential Villaggio Marasusa is a beautiful complex of studio, one and two bedroom apartments, two and a half kilometres from the Mediterranean Sea. Prices start at €70,000. Each property enjoys full use of the large outdoor pool, landscaped gardens and has its own private terrace. Finished to a high standard and well appointed, the apartments and studios are ready for immediate occupancy.

As in much of Italy, art is a way of life in Parghelia. From the subtle beauty of local buildings to the ostentatious appeal of famous works by Italy’s best loved painters, exhibits have a fitting home in the beautiful Duomo in nearby Tropea.

To view images of these and other properties in Italy and see location maps with Google Earth, visit www.davidstanleyredfern.com

About David Stanley Redfern Ltd

David Stanley Redfern Ltd is an overseas property specialist, working directly with developers in more than forty countries. All properties are exclusive to David Stanley Redfern Ltd, giving an unparalleled selection of resale and new builds. David Stanley Redfern Ltd is AIPP accredited.

Please direct all media queries, requests for press information and editorial details, to rebecca@davidstanleyredfern.com