Sardinia calls the attention of Italian and overseas investors

Sardinia is the second biggest island in the Mediterranean Sea. This fascinating Italian island boasts breathtaking unpoilt landscapes, turquoise sea, white sandy beaches, rocky coastlines and a delightful cuisine. The fabulous Emerald Coast is a famous luxury jet-set destination but the rest of the region offers affordable, excellent options for a pleasant holiday.

The mild weather and the breathtaking coastal views make the region the ideal place for a pleasant holiday. It is possible to find both luxury accommodation and cheap rental opportunities and to practise exciting water sports, such as sailing, snorkelling and diving. Low-cost flights – between Cagliari and the continent – contribute largely to the growth of the property market and to the development of the tourist industry in Sardinia, which is one of the most appreciated holiday destinations in Italy.

The blossoming tourist industry contributes largely to the success of the rental market; therefore, Sardinia may be an ideal place to make a profitable buy-to-let investment.

The southern coast of Sardinia attracts property investors. Several local real estate professionals think the increased tourist flows will be the drivers of the development of the market of second homes. Most potential clients come from Lombardy, Veneto and Tuscany and have an average budget of 300 thousand euros.

The southern coast of Sardinia is not as famous as the Emerald Coast, but has everything in order to compete with it. Pula and Chia are the little capitals on the sea that attract high-budgeted clients in the famous Forte Village and Is Molas resorts.

Newly-built properties in Pula cost 2500-2700 euros per square metre. In Chia there are prestigious properties – including small villas – whose price range goes from 5000 to 7500 euros per square metre.

Many new-built properties have remained unsold in Domus de Maria due to the economic crisis, until prices have been cut from 2500-2800 euros per sqm to 1600 euros per sqm. An important parcelling out has been made in Capo Malfatano, where 140 thousand cubic metres will be built with an investment of 180 million euros. The project includes the building of luxury hotel facilities and villas with swimming pool. Ecologists challenge this project, as they are worried about the destiny of one of the most unspoilt stretches of coast in the Mediterranean, where only selective entries should be allowed. The renovation of existing buildings – such as the typical “Furriadroxius” that can be transformed in quality tourism facilities – would be an interesting option. Capo Teulada represents a niche market that is chosen by those who do not like wordly things.

Sardinia is liveable all year round. Prices are inviting. A 60-70sqm-apartment can be bought with 90 thousand euros and a single-family detached house can cost 200 thousand euros.

Villasimius is an attractive investment spot. The region of Sardinia has approved a 4-million-euro financing for many municipalities of the Serrabus. These funds will be used for the renovation and enhancement of existing real estate properties located in old town centres that will be destined to sustainable tourism.

The town council of Villasimius has approved a new marketing plan in order to promote seasonal adjustment and differentiation and to sponsor the town abroad. This objetive will also encourage the market of second homes that is characterised by stable prices. Homes in the hills are very appreciated and cost up to 3000 euros per sqm. The price for homes overlooking the sea and with a garden is 5000 euros per sqm. A villa on the rocks can be bought for 8 thousand euros per sqm. The market of 700-thousand-euro villas is expected to be lively in the next months.

Castiadas is the new emergent investment destination. It is a town where new building yards are springing up and that offers reasonable prices for newly-built homes: 1200-1800 euros per sqm. Poetto, Kala, Flumini and Moru offer valuable real estate properties – that are set in a green landscape – whose prices do not reach 3000 euros per sqm.

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