Hi Guys, Has any of you reserved something on the above development? Property Showrooms is marketing it along with RightMove Abroad. Apparently it is selling really well - but no-one seems to be talking about it! If you have looked into it and dismissed it, what were your reasons for doing so - and if you have reserved, what factors made you decide to go for it? I look forward to hearing your responses!!
My advice to anyone buying off plan, and before parting with any money, is to go along to the Ufficio Tecnico at the local council (Comune) and check whether planning permission has been granted.
Some developments boast that their properties are beachside. In many places developments must be situated no less than 2 Km from the sea. In Versilia Tuscany for example, new apartments must not be under 60 sqm.
The development is 'Jewel of the Sea' on the Ionian Coast, Calabria region. Property Showrooms are promoting it. Thank you for your response. 'Buyer has need of a hundred eyes, a seller only two' - one of my favourite sayings, and something easily forgotten in the 'these won't last long' feeding frenzy.
Don't know of this one but a number of similar developments have been cropping up, some being marketed according to the spanish hard-sell model.
What you need to look for is the local PRG (Piano Regolatore Generale)- the local development plan. This will tell you what land is available for development or not. I wouln't part with any money until I was absolutely sure that:
a) planning permission has been granted and that there are no restrictions of any kind
b) due diligence on the developer proves that one is dealing with a reputable and financially sound company
Although Legislation in Italy, albeit prolific, it does offer the same protection to overseas buyers as it does to Italians. However, the majority of problems arise when buyers neither speak the language nor understand the legal culture. Italians operate in a different environment to one we are accustomed to in England for example, and although some of the formalities may appear to be similar, the legal system in Italy is different.
The principal source of law that deals with rights in or over property in Italy, and how these rights are created and transferred, is the Codice Civile (Civil Code), although other important sources consist of leggi speciali (special laws) and case law.
New legislation was introduced in 2005 to offer greater protection to buyers when purchasing off plan and new builds from developers. However, it is always best to seek independent legal advice when drafting contracts etc.
Don't know of this one but a number of similar developments have been cropping up, some being marketed according to the spanish hard-sell model.
What you need to look for is the local PRG (Piano Regolatore Generale)- the local development plan. This will tell you what land is available for development or not. I wouln't part with any money until I was absolutely sure that:
a) planning permission has been granted and that there are no restrictions of any kind
b) due diligence on the developer proves that one is dealing with a reputable and financially sound company
Although Legislation in Italy, albeit prolific, does offer the same protection to overseas buyers as it does to Italians, the majority of problems arise, however, when buyers neither speak the language nor understand the legal culture. Italians operate in a different environment to one we are accustomed to in England for example, and although some of the formalities may appear to be similar, the legal system in Italy is different.
The principal source of law that deals with rights in or over property in Italy, and how these rights are created and transferred, is the Codice Civile (Civil Code), although other important sources consist of leggi speciali (special laws) and case law.
New legislation was introduced in 2005 to offer greater protection to buyers when purchasing off plan and new builds from developers. However, it is always best to seek independent legal advice when drafting contracts etc.
Originally posted by Zeeniebabes: Hi Guys, Has any of you reserved something on the above development? Property Showrooms is marketing it along with RightMove Abroad. Apparently it is selling really well - but no-one seems to be talking about it! If you have looked into it and dismissed it, what were your reasons for doing so - and if you have reserved, what factors made you decide to go for it? I look forward to hearing your responses!!
Have you looked at the site on Google Earth? It looks as if a road AND the railway line both run in front of the poperty. Not my idea of La Dolce Vita! Better off in the Tropea/Capo Vaticano regions I'd say.
Hi there, Yes they both do and yes, it is a concern! It is extremely difficult to get to at the moment as ell, hopefully this will be remedied once Thomson start flying there during summer months and other airlines get on board. If they don't, then it certainly loses its attractiveness. Buying costs in Italy are also high. I don't doubt that all of this coastline is going to explode even with a railway line and coastal road.
