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Buying property in Salento...
- Maury A.
- Aug 22, 2015
- 2 min read
The Salento peninsula is the beautiful heel tip of the Italian booth that draws its northern border from Taranto in the west to Brindisi in the east, and marks its southernmost point at Santa Maria de Leuca, the Land's End of south-east Italy, at the very bottom of the heel.
Salento is a friendly safe place with low corruption. It has no seismic activity. While summers are long and hot, winters are mild with one of the lowest rainfalls (it rarely snows) in Italy.
International airports in Bari (BRI) and Brindisi (BDS) connect the region to the rest of Italy and Europe (with direct flights to France, UK, Germany, etc.) via major and budget airlines. The main railway line ends at Lecce. Other locations are served by regional railroads.
Northern Italians have long sought holiday homes on the Salentine Peninsula, so the property market is quite well-developed.
The recent push south into 'Lower Salento' by non-Italians was inevitable. With characterful old buildings still available at reasonable
prices, an eye-pleasing landscape of olive groves, wild beaches and clear seas, and old towns heaving with baroque buildings, Lower Salento proves irresistible to foreign buyers and a few celebrities.
‘Lower Salento’ encompasses roughly everything from Lecce down to the end of the peninsula.
Prices are highest in coastal and nearby towns, and fall as you move inland. Sumptuous stately farmhouse-mansions (masserie) can run into the millions.
Coastal and nearby town homes have held their value better than other property types since the onset of the 2008 recession because they are still thought a good investment. Seaside and nearby town homes offer the strongest summer holiday rental prospects if you plan on renting out your home.
In general, properties continue to command good prices today although they are still only a fraction of prices for similar properties in many Italian regions further north.
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