Sardinia is becoming a popular location for overseas property investments. A year round location rich with ancient history, it is offers a unique blend of white beaches and exciting culture.
Practically, Sardinia can work well as a tourism hotspot as it has strong lines of communication through the three international airports in three different zones across the island. Sassari, Olbia and Cagliari all offer direct flights to and from Germany, Spain, France, Scandinavia, the UK and other major European countries. These flights operate all year round. In addition, there are ferries from Santa Teresa di Gallura on the northern tip of Sardinia which are able to reach Bonifacio, Corsica, in about 50 minutes.
Sardinia boasts a higher than average level of sunny days per year, and provides serious opportunities for investment. The Sardinian the real estate market is growing year on year. There is a high level of property transactions Cagliari, the largest city in Sardinia.
One of the most famous areas in Sardinia is the Costa Smeralda, or Emerald Coast, on the northeastern coastline on Porto Cervo. It is an exclusive summer holiday resort, boasting luxury villas and beautiful bays. The sea is filled with luxury yachts and waterfront properties in Costa Smeralda are sold for tens of millions of euros. Sardinia one of the most prestigious luxury real estate locations in Europe.
However, there are also more affordable areas for the average foreign buyer. For example, the peninsula bounded by Olbia to the east and Castelsardo to the west offer waterfront villas starting around €3 million. However, on a cheaper note, apartments and houses in Castelsardo boast prices start from €100,000 in a pretty castle town. Furthermore, Alghero is one of Sardinia’s most beautiful medieval cities and offers sizeable apartments and houses with prices starting from €120,000. Villas with sea view from € 2.25 million.
For overseas property investors who are wiling to put in the work, there are many Sardinian properties that require restoration. In Santu Lussurgiu which is located halfway between Oristano and Lake Omode, a property requiring renovating can be purchased for as little as €20,000.
However, what ever the price of the property purchased, it is important to enlist a lawyer to assist with the purchase. Sardinia offers a wide variety of prices, locations and property types and there is something for almost every investor. The island is seeped in a rich history yet boasts beautiful landscapes and modern towns and therefore is exciting for any buyer.