Investment Property in Reggio Calabria

Investment Real Estate in Reggio Calabria

Reggio Calabria property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Reggio Calabria .

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Search Map of Reggio Calabria Investment Real Estate

Reggio di Calabria
(Reggino: Rìggiu; Bovesia Calabrian Greek: Rìji; Ancient Greek: Ῥήγιον, romanized: Rhḗgion; Greek: Ρήγιο, romanized: Ríyio; Latin: Rhēgium), commonly known as Reggio Calabria (listen) or simply Reggio in Southern Italy, is the largest city and the most populated comune of Calabria. It is the capital of the Metropolitan City of Reggio Calabria and the seat of the Regional Council of Calabria.

Reggio is located on the “toe” of the Italian Peninsula and is separated from the island of Sicily by the Strait of Messina. It is situated on the slopes of the Aspromonte, a long, craggy mountain range that runs up through the centre of the region. The third economic centre of mainland Southern Italy, the city proper has a population of more than 200,000 inhabitants spread over 236 square kilometres (91 sq mi), while the fast-growing urban area numbers 260,000 inhabitants. About 560,000 people live in the metropolitan area, recognised in 2015 by Italian Republic as a metropolitan city.

As a major functional pole in the region, it has strong historical, cultural and economic ties with the city of Messina, which lies across the strait in Sicily, forming a metro city of less than 1 million people.

Reggio is the oldest city in the region, and during ancient times, it was an important and flourishing colony of Magna Graecia. Reggio has a modern urban system, set up after the catastrophic earthquake of 1908, which destroyed most of the city. The region has been subject to earthquakes.

It is a major economic centre for regional services and transport on the southern shores of the Mediterranean. Reggio, with Naples and Taranto, is home to one of the most important archaeological museums, the prestigious National Archaeological Museum of Magna Græcia, dedicated to Ancient Greece (which houses the Bronzes of Riace, rare example of Greek bronze sculpture, which became one of the symbols of the city). Reggio is the seat, since 1907, of the Archeological Superintendence of Bruttium and Lucania.

The city centre, consisting primarily of Liberty buildings, has a linear development along the coast with parallel streets, and the promenade is dotted with rare magnolias and exotic palms. Reggio has commonly used popular nicknames: The “city of Bronzes”, after the Bronzes of Riace that are testimonials of its Greek origins; the “city of bergamot”, which is exclusively cultivated in the region; and the “city of Fatamorgana”, an optical phenomenon visible in Italy only from the Reggio seaside.^{[citation needed]}

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The financial stability of Reggio Calabria has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Reggio Calabria

Renting out your Reggio Calabria buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Reggio Calabria are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Reggio Calabria and be prepared to change your initial outlook.
Thoroughly research the Reggio Calabria location with a special emphasis on fringe areas outside the main Reggio Calabria metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Reggio Calabria.
Ensure that your target investment property in Reggio Calabria appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Reggio Calabria properties yourself is an easy option, but are these savings justifiable when you run into Reggio Calabria red tape? Physis Realty Reggio Calabria office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Reggio Calabria buy-to-rent sector.

With our expert guidance, investing in Reggio Calabria provides the secure knowledge that your money is working harder than it would in a local Reggio Calabria bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Reggio Calabria, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Reggio Calabria property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Reggio Calabria

Flipping property in Reggio Calabria

Flipping property is when we advise clients to buy a Reggio Calabria property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Reggio Calabria market has a time to react to the renovation.

The Flipping Strategy in Reggio Calabria

Investment property flipping in Reggio Calabria is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Reggio Calabria real estate investments are sometimes referred to by professionals as ‘distressed’ Reggio Calabria real estate.

What is distressed Reggio Calabria property:

Reggio Calabria property in need of renovation
Reggio Calabria real estate with a change of purpose and use
Oversold Reggio Calabria property
Bank repossessions in Reggio Calabria

Put simply, long term investors in Reggio Calabria purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Reggio Calabria investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Reggio Calabria property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Reggio Calabria use a minimum profit value of 22% when looking at potential Reggio Calabria projects. The reason for this is because there are lots that can go wrong in Reggio Calabria property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Reggio Calabria

For luxury property investors hoping to add a superb property in Reggio Calabria to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Reggio Calabria, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Reggio Calabria should be entrusted to only the highest-quality agency.

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