I've been traveling internationally for more than 30 years. I've lived abroad, for half that time, in Japan, the UAE,...Read more
The Abruzzo region is the most overlooked and undervalued in Central Italy. You can buy here for 30% to 70% less than in Tuscany or Umbria.
But Abruzzo isn’t only affordable. It is also at least as appealing as either of Italy’s more famous regions, with both mountains and sea coast, meaning you can ski in the morning and swim in the afternoon.
Plus, daily flights on Ryanair make the region super-accessible from elsewhere in Europe, and, in summer, regular flights connect you from New York and Toronto to nearby Pescara. Or fly to Rome. Abruzzo is only an hour’s drive away.
However, here’s the best part: Right now, not only can you buy cheap in this region, but you can also buy special.
For example, near the 16th-century thermal spring town of Caramanico, is a pair of 200-year-old apartments, one partially restored, the other not at all restored but with vaulted ceilings. The price for the pair, with 200 square meters between them, has recently been reduced from 83,000 euro to 65,000 euro. That’s 325 euro per square meter. The properties boast features like fireplaces, large Majella stone slabs (these, from the nearby mountains, that today would cost 350 euro apiece), a garden, and a terrace and could be converted into ideal rentals.
Then there’s an old watermill, characteristic of the region but difficult to find for sale today. However, this one in Abruzzo currently on the market is about 100 years old, nestled in an extraordinary setting, private and surrounded by nature, but only five minutes from the nearest restaurant and 10 minutes from the nearest town. In other words, ideal for a B&B project.
The property is about an acre in total, with a small river running along one edge, and, in addition to the brick and stone mill, contains various outbuildings and other stone structures that could be converted to guesthouses. The price has been reduced from 155,000 euro to 135,000 euro.
As always, expenses depend on your lifestyle. Is your idea of dining out a village pizzeria with a wood-fired oven or a fancy fish restaurant in Pescara? Are you happy with local wine by the liter, or can’t you imagine life without imported beer? Do you plan to have weekends away in Rome? But to give you an idea, the Abruzzo Monthly Budget includes some basic costs of living.
Julie and Peter Thorpe discovered the Italian region of Abruzzo when visiting friends who had settled there. "We had been...Read more
The FIFA World Cup is nearly here. By now your Panini sticker albums should be complete and days off work confirmed. From June 14 until July 15 the eyes of the world will be on Russia, hosts of this year’s competition. The big games and World Cup rivalries are about to begin in earnest. The biggest sporting event in the world, more than 1 billion tuned in for the last final in 2014. Current world champions Germany will defend their...Read more