May 19, 2024

Jocuri

Mad about real estate

Awesome and Affordable Apartments in Sardinia

If you are not a Russian oligarch, pop star or any other rich and famous person, you many still think of having fantastic holidays on one of the ‘pearls’ of Italy – Sardinia.  Living in the southern part of the island is much more affordable than in the luxurious north-eastern part. Naturally, there are downsides such as undeveloped infrastructure and low status, but there are still amazing coastlines and bays to be found. The most economical option to consider is Sardinia apartments, which are sold and rented in a variety of prices from very budget to average. There is an awesome selection of all type of apartments in Sardinia on ViaCasa.it. At the same time, several real estate agents also offer more luxurious options on the south coast of Sardinia, such as, for instance, five-star Molas Golf resort that is sold for EUR 1.5 mln. It is still considerably cheaper than most of the villas in the north-eastern part of the island, where the similar home could be sold at EUR 3.5 mln.

Owning to the latest boom of the cheap airlines, Sardinia is now perfectly connected with the mainland and the rest of Europe, which brings more people, more business and, as result, more development to the island. The beauty of the island, which reminds more the sandy beaches of Barbados rather than the Mediterranean, in combination with the moderate housing prices for apartments and villas attracts an increasing number of holiday makers, ‘buy-to-let’ investors and other second home buyers. Easy access by air made the whole difference to the demand for property in Sardinia. At the present time, the number of apartments and homes offered for sale or rent is much higher than it was years ago as you can easily see from the awesome selection on ViaCasa.it. However, the authorities of the island do not allow oversupply to avoid the beautiful green island turning into the construction site. The rules and laws on the new construction and renovation are very stringent in Sardinia, which allows preserving the beauty of the island as well as optimally developing it.

According to the research performed by Scenari Immobiliari, the development of the apartment prices in the main cities of Sardinia was the following (from 2003 to 2008 per square meter):

(1)    in Cagliari (a) central area from EUR 2,140 to EUR 2,750 (b) near centre from EUR 1,575 to EUR 2,000 (c) in outskirts from EUR 1,180 to EUR 1,450

(2)    in Nuoro (a) central area from EUR 1,300 to EUR 1,600 (b) near centre from EUR 980 to EUR 1,250 (c) in outskirts from EUR 800 to EUR 1,050

(3)    in Oristano (a) central area from EUR 1,220 to EUR 1,550 (b) near centre from EUR 915 to EUR 1,150 (c) in outskirts from EUR 720 to EUR 950

(4)    in Oristano (a) central area from EUR 1,750 to EUR 2,150 (b) near centre from EUR 1,300 to EUR 1,550 (c) in outskirts from EUR 1,030 to EUR 1,250

This is on average 20{ef6a2958fe8e96bc49a2b3c1c7204a1bbdb5dac70ce68e07dc54113a68252ca4} than the market values of the apartments and houses in the capitals of Southern Italy.