Sardinia – the second-largest island in the Mediterranean
is a stunningly beautiful region of Italy that boasts a rich cultural heritage, breathtaking landscapes, and a thriving tourism industry. But it’s not just a place to visit, Sardinia is also an attractive location for property investments, with an array of options for those seeking a holiday home, a retirement destination or even a primary residence.
The property market in Sardinia is generally stable, although there are fluctuations in certain areas and price ranges. The cost of property in Sardinia is generally higher than in other parts of Italy, but there are still plenty of options to suit a range of budgets. The most expensive areas are generally the most sought after by foreign buyers, with the Costa Smeralda, Porto Cervo, and the Gallura region being particularly popular.
The Costa Smeralda, located in the north-eastern part of Sardinia, is renowned for its luxurious resorts, stunning beaches, and crystal-clear waters. This area has a reputation as a playground for the rich and famous, and consequently, properties in this area can be expensive. However, for those who can afford it, buying a villa in the Costa Smeralda can be a sound investment, as demand for properties in this area is consistently high.
No wonder the preferences of billionaires from all over are concentrated on exclusive villas in the north of the island near Olbia airport! In 2022, real estate prices here rose by as much as 12% according to reports from the statistical agency Nomisma.
Porto Cervo, located on the Costa Smeralda, is a particularly attractive destination for property buyers. This picturesque town is home to some of the most luxurious properties in Sardinia, including villas with private beaches, infinity pools, and stunning sea views. Property prices in Porto Cervo are among the highest in Sardinia, but for those seeking exclusivity and luxury, it’s a price worth paying.
For those looking for a more affordable option, there are plenty of other areas of Sardinia that offer excellent value for money. The southern part of Sardinia, for example, is less developed than the north, but it still has plenty to offer in terms of natural beauty and cultural heritage. This area is particularly popular with retirees and those seeking a quieter, more peaceful lifestyle.
One of the advantages of buying a property in Sardinia is that the island is relatively unspoiled, with strict planning regulations in place to protect the natural environment. This means that new developments are limited, which helps to maintain the value of existing properties. It also ensures that the island’s natural beauty remains intact, which is a key attraction for buyers looking for a Mediterranean escape.
In terms of the buying process, purchasing a property in Sardinia is relatively straightforward. Foreign buyers can purchase property in Italy, and the process is similar to that in other European countries. However, it’s important to engage the services of a reputable real estate agent and a lawyer to ensure that all the necessary checks are carried out, and the legal paperwork is in order.