Calabria was just beginning to finalise its entrance as a destination for property investment when the credit-crunch became an unavoidable reality and everyone became terrified to speak a positive word about property investment anywhere. This means Calabria still has all the strengths it had then. Calabria is a relatively virgin market, and while it saw many new developments in 2008, it is still what you would call very under-developed when looked at in the context of just how rapidly tourism is rising.
"Beach-front developments like the Pizzo Beach Club are particularly popular. But Calabria's virgin status when it comes to development also translates to its tourism market, so rental yields are currently only in the 4-6% bracket, but this is expected to climb to the 6-8 or possible even the 8-10% bracket in the next 3-4 years depending on how quickly the credit crunch lets up. The Pizzo Beach Club's proximity to a Club Med resort means the properties could fetch higher rental yields if properly marketed, or if arrangements can be made with the Club Med resort administration."
