Fancy buying an entire Italian village?

By overseas property expert Christopher Hall, of Worldwide2nd Homes in Norwich

 We all have aspirations to be the lord of our own “manors” so how about a chance to not only own one pied a terre in Italy – but an entire village!

Well, for a million Euros, you can do just that in a mountain area of Italy where there are the equivalent of 40 homes up for sale. The village for sale is 8km away from the administrative capital of Abruzzo, which lies about 50 miles east of Rome. The village makes an interesting sight with terraces on different levels cut into the mountains. It is also on the border of the Gran Sasso National Park and in the sale, you get 12 natural caves too. What this is, is a restoration project on a large scale but is it a good investment? The location is excellent;  both for its exposure on the south-western ridge of the Gran Sasso massif and for the proximity to the main communication lines. The village is near to the capital of Abruzzo, L’Aquila and also, the cable car of Campo Imperatore (ski resort) is just 10 km away and taking the nearby motorway, you will be halfway from Rome and Pescara.

The architectural structure of the village is also very interesting. A good part of the homes are castled on the declivity of the mountains making terraces on different levels which remind more a picturesque inlay on a rocky coast than a mountain village. In this almost surreal environment, are ancient humble shepherd houses so a recovery project will have to come up with the right compromise of offering something modern while retaining the character too.

Interestingly, the village has been divided into a number of rooms. The definition of a room is an average surface of 15 sqm and the total number for  sale being 304, 61 of which are basements with vaulted ceiling made of stone and the rest are ground and first floors.

Buying a whole village won’t be for everyone, of course, but if you do fancy a property in Italy, there are some beautiful ones to be found such as in the north-west region of Liguria which offers everything you want from the Mediterranean; great beaches, fantastic food in the form of its porcini mushrooms (picked from secret locations in the area) and its extra virgin olive oil. Its capital is Genoa which has an airport, although you could also get there from Nice too. Properties are rising in price it seems at the moment ranging from about 160,000 Euros for a flat to 340,000 Euros for a penthouse.

*Chris is on on 01603 700007 or  you can email him at enquiries@internationalpropertyinvestments.net

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