Sardinia: Real Estate Market Overview
Increasingly, holiday pictures of Russians featured the coast of Sardinia – one of the largest Italian islands, located between French Corsica and Sicily almost in the center of the Tyrrhenian Sea. Therefore, from different sides, the island from afar is surrounded not only by Italy, France, Spain, but also Algeria and Tunisia.
The unique location of Sardinia allows all residents or vacationers on the island to easily reach both all European countries and North Africa. In addition to practical qualities, of course the island has magnificent landscapes: these are beautiful mountain ranges, and green hills with vineyards and gardens, and neat roads. In addition, there are oak forests and olive groves, and throughout Sardinia you can find a large number of ponds with various animals, flamingos, as well as wild boars and hares.The local coast has the longest beaches in the country – both with pebbles and red and white sand. The climate on the coast is very mild: winters are always pleasant and warm, only in the mountains you can observe more serious frosts. In summer, Sardinia is quite hot, but the humidity is low and there is almost no rain – rains come only at the end of autumn or end in spring.
The largest city of Sardinia is its capital – Cagliari, where about 200,000 people live and where the most important part of history is concentrated. And since for centuries, the Sardinians were forced to constantly defend themselves from attacks by pirates or other enemies, as well as from malaria. In this regard, they often live in the foothills or mountains, engaged in agriculture, and not fishing. Historically, the inhabitants of Sardinia did not particularly communicate with representatives of other cultures, so the island retained a unique local unique atmosphere. It is in Cagliari that the main infrastructure is located – universities, schools, theaters, hospitals, cultural facilities, etc.
Actual time to buy a home
As throughout Italy in the 70-80s. last century, in Sardinia there was a boom in mass construction, the local infrastructure was actively developing and real estate trade was actively going on among both Italians and foreigners. After staying at the peak, the Italian real estate market began to decline and is now almost at its bottom, which suggests that the current year can be a very interesting time to buy. It would seem that the cadastral value of housing can never be higher than the market, but today the cadastral prices for many objects both in Sardinia and throughout Italy are two times higher than the market price.
The island has nine provinces – Cagliari (a rich history, a magnificent old city with palaces and cathedrals), Carbonia-Iglesias (the smallest part of Sardinia – the south-western side, which includes the small islands of Sant Antioco and San Pietro), Medio -Campidano (the youngest and “greenest” part of Sardinia, officially proclaimed in 2016 in the south of the island), Nuoro (a large province with forests and high hills, practically uninhabited), Olliastra (also sparsely populated and has picturesque wildlife, as well as thermal sources it is here that all the centenarians of Sardinia are located), Olbia-Tempio (large northern region with good infrastructure), Oristano (diverse landscape and excellent infrastructure – windsurfing, kite and scuba diving, as well as numerous ponds, lakes, rivers and waterfalls), Sassari ( the crowded north-west of the island with beautiful coral beaches) and South Sardinia (the picturesque western part with many kilometers of beaches).
Porto Cervo – the fashionable capital of Sardinia
Porto Cervo (Sassari Province) is the most fashionable resort in Sardinia, because it is here that the island’s most luxurious villas are located. Moreover, it was created relatively recently in the 1960s, and the number of permanent residents of the city does not exceed 200. But thanks to the peak of popularity of Porto Cervo, its premium real estate, an exclusive yacht club and a mini-dock for fixing the most expensive “boats” , local prices for accommodation and the number of tourists in the summer break all kinds of records. The Cala di Volpe presidential suite, which was lit in Bond, costs, according to CNN, almost $ 33,000 a day. Not far from Alisher Usmanov’s villa, a luxury house was recently rented for 500,000 euros – that’s how much it costs to live in it in the coming August of this year.
Despite the fact that there is no particularly high demand for real estate in Sardinia among buyers, however, there is almost always a steady interest in properties located in Porto Cervo and Porto Rotondo (province of Olbio Tempio). Most often, local housing (usually referred to as premium properties) is in demand among Arabs, British and Russians. Traditionally, representatives of Russia dominate in the north, where they “warmed up” the local real estate market at one time.