Buying properties in the land of your ancestors

Recently the Financial Times featured an article on the  great business opportunities in the Basilicata region for all those wishing to invest in real estate.

“Basilicata’s low profile makes it appealing for anyone searching for rural Italy’s most cherished qualities: unspoilt countryside, ancient ruins, medieval towns, vineyards, a crystalline sea, mountains and an enviable cuisine.”

Among Basilicata’s most intriguing prospects, however, are historic structures, semi-abandoned due to emigration. Noble palazzos and other notable dwellings in small country towns are emptying out:

In Matera, for example, the Sassi’s habitable portions evacuated in the 1950, are now prime real estate. Semi-ruins that once sold for €300 to €400 per square metre are now worth more than €2,500 per square metre renovated.

But this is not only about Basilicata.
According the Telegraph, in the Abruzzo Region an entire medieval  village  is for sale: £485,000, the price of a modest flat in London.

 

A considerable opportunity not to be missed by all those who today want to really go back to their roots.

Interested on investment opportunities in your Italian village ?
Just contact us at Italianside.com:  we could help you with our expertise  to select the right choice with the leading local agencies in the small  town Italian real estate market.

Comments

3 Comments to “Buying properties in the land of your ancestors”
  1. Jack says:

    I may not have Italian ancestors, but with several friends living their now im considering buying my own place over there, so this article gives me a lot of food for thought.

  2. maria castelli says:

    I was born american in america but my fathers parents were from ITALY.. baiano,italy near naples. I went to italy once but never got to naples area unfortunately.. my grandparents are no longer living but i loved them. Id like to know more about baiano and the roots and maybe move there or invest in property a farm or small cabin with land so i can have animals. i have a pet pitbull MIX so im looking for safe home for him. I was thinking of my roots.. going back to where my grandparetns came from, before america.
    Email me any info

  3. Irma says:

    Nice color choice on the blog. It is really easy on my eyes and I have bad eyes too so that’s a really big compliment lol

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