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News: Saturnia Hills buy a Tuscany holiday home for £50K!

Mon, 19 Nov 07

Thought you couldn’t afford your dream of buying a property in idyllic Tuscany?  Think again...

At a time when Tuscany’s regional government is tightening up planning laws, E-Quity.com brings you an exceptionally rare opportunity to purchase your own holiday getaway in Italy’s most popular tourist region for only £50k!

 

When you think of Italy, chances are Tuscany’s celebrated landscape of rolling hills, terra cotta roofs and lines of cypress trees is one of the first images that spring to mind.  In addition to the splendour of its countryside, Tuscany also boasts some of the most beautiful and famous cities in all of Italy, five of which have received UNESCO World Heritage status in recognition of their cultural significance.  Tuscany’s capital, Florence was the birthplace of the Renaissance movement whose artistic legacy is preserved today in the art galleries of the Uffizi and the city’s magnificent 14th century architecture.  Other attractive cities of the period include Pisa (famous for its leaning tower), Siena and San Gimignano, a medieval hilltop town.

Other local attractions include Tuscany’s fabulous food and drink.  The region is home to Chianti, Italy’s most well known red wine, as well as local delicacies such as wild boar and truffles.  Of the 37 million international tourists who visit Italy each year, a third head straight to Tuscany, making it the country’s most visited region.

New planning restrictions set to further fuel Tuscan property growth

With its ideal climate and wealth of cultural attractions, Tuscany is the most popular region in Italy for foreigners to purchase holiday homes.  In some Tuscan towns, expats and second home owners even actually now outnumber the local Italian population, such is the popularity of the area.  As a result of this high demand from both foreigners and Italians, Tuscany is one of Italy’s most expensive regions in which to buy property and the market shows little signs of slowing.  Tuscany property prices grew by 9% on average last year, three times the average rate of property inflation for Italy as a whole.

In response to concerns about overdevelopment, Tuscany’s regional authority has stopped issuing permits for new construction this year.  Developers can only now build to replace or renovate an existing building, ensuring that traditional building styles and materials are employed.  Needless to say, this restriction of supply is creating further inflationary pressure on already expensive Tuscany prices.

Saturnia Hills represents an exceptional opportunity to buy your own holiday home in idyllic Tuscany for only £50k!  It can be offered for this amazing price because the property was sold at auction as a repossession after the previous developer failed to complete on construction.  The new owner has finished the building work and is now able to offer units at highly competitive prices due to low initial purchase costs.

 The property is a low-rise development of 1-bed apartments situated in the small village of Catabbio in southern Tuscany.  Built on gentle slope, on a clear day residents will be able to see all the way to the Argentario and Isola Del Giglio on the coast.  The development has a high level of finishing and includes a private outdoor swimming pool.  The property is newly built and comes with a 10 year construction guarantee.

Incredible opportunity

A few kilometres away from the development is the “Terme di Saturnia” – a natural thermal spa recently voted the world’s best health spa by Conde Nast Traveller magazineNext to the spa, a new 18-hole golf course designed by Ronald Fream of the Californian group Studio Golfplan will open 1st December 2007.  Saturnia Hills is also ideally situated for residents to explore the many highlights of southern Tuscany including the many beautiful beaches of the Silver Coast, Lake Bolsena, Amiata Mountain, fascinating local Tufo constructions and the Middle Age towns of Pitigliano and Sorano, to name but a few.

Eleanor Keegan, Senior Property Consultant at E-Quity.com commented: “For most people, the dream of buying a holiday home in Tuscany sadly has to remain a dream due to the high prices of this incredibly popular Italian region.  But with Saturnia Hills, E-Quity.com is offering you an incredibly rare opportunity to purchase your own Tuscany property for only £50k!”

“Prices at Saturnia Hills are 15% below the local market average and E-Quity clients will also benefit from 75% pre-approved finance from the Woolwich Bank.  So with Tuscany prices rising at 3 times the national average rate and strong rental demand in the area, not only does Saturnia Hills offer you the chance to enjoy the best that Italy has to offer, but it also stacks up as a superb investment to boot!”

Units at Saturnia Hills can be reserved for only £1,500.  For more information, please call Eleanor Keegan on 020 7952 7204 or e-mail e.keegan@e-quity.com.  For details of all our current opportunities, please visit www.e-quity.com.

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