It pays to rent a home in the hinterland
In an article published on the online version of Sole24Ore on 15th May, the Italian holiday rental market was described as reporting a slowdown, even if very good rental opportunities are available in Italy.
Renting a home in the hinterland can cost up to 40% less than on the coast. Colletta di Castelbianco is a lovely village of the Ligurian hinterland that is located 12 kms from the sea. 70 houses have been upgraded to be promoted as a valid alternative to seafront properties.
The initiative is evidence of the new interest towards far-from-the-sea and less expensive inland regions. In some hilly resorts such as Castelvecchio, Zuccarello or Varese Ligure, monthly rents are 40% lower than in the famous resorts on the coast. These villages have become the ideal holiday destination for many English, Norvegian and Dutch tourists.
The interest in finding rental opportunities in the hinterland derives by the need of households to control expenditures. Middle-class families have been thwarted by the economic crisis and the demand for unpretentious lodgings of low and medium level has decreased. The duration of the lease is also shorter and owners have lowered the rent by 2.2% on a national level in order to avoid the risk of vacancies.
There is a slowdown in the market of tourist leases in 2010 too, even in a region like Sardinia, where tourists go in July and September instead of August. Anyway, tourists are called by the most famous resorts on the coast.
In Romagna – that is famous for its unmistakeable gastronomy and folk celebrations – many apartments are still vacant due to the bad weather that has caused the cancellation of many bookings. The beaches of the province of Ferrara are the cheapest resorts in Romagna. Here, it is possible to rent an apartment for 1100 euros/month and a villa for 1600 euros/month.
Italian families still prefer to stay on the seafront. They are ready to make shortes stays but they do not abandon the idea to stay close to the beach. Foreign holidaymakers, instead, are ready to rent a holiday home in the hinterland.
Inland regions attract above all investors wishing to buy a home, but hilly locations may also become increasingly interesting for leases in the near future.
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