Emerging markets seen as the best option for overseas property investors | Property Forum Watch | News: "The latest figures show that British first time buyers are increasingly looking abroad to buy as they can't afford to buy in the UK. In many articles Calabria, on the toe of Southern Italy is often mentioned as an emerging market, a bargain place to buy as prices are low, living costs are low and there is the opportunity to get in before everyone discovers it.
But as many investors or would-be investors know you can't rely on the marketing blurb. Some concerns are raised on the Channel 4 overseas forum. These centre on Calabria being a 'backwater', having a very small rental season and 'a winter ghost development'. On the plus side prices are 30% cheaper than popular areas like Spain and there are nearby mountains for ski-ing."
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