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| | | Porto Rhoca (development) |  | | | Reference number:
| 010301 | | Location:
| Italy, Squillace | | Development name:
| Porto Rhoca | | Type:
| Apartment | | Floor size:
| from 54.3 m² to 67 m² | | Price:
| from
EUR
175 500.00
to
EUR
290 500.00
| | Price per floorsize:
| from EUR 3232.04 / m² to EUR 5349.91 / m² | | Short description:
| Porto Rhoca - 5 star location, 4 star Premier Resort, steeped in thousands of years of Greek-Roman history, protected groves of olive trees remants of an agriculture long since past and beyond the hallowed lands lies the soothing Ionian Sea. | | Date of construction:
| 10/2009 (new built) | | Bedrooms:
| from 2 to 3 | | Bathrooms:
| 1 | | Floor number:
| 1 | | Floor count:
| 1 | | Kitchen:
| Classic design | | Swimming pool:
| Community outdoor pool | | Garden type:
| Community garden | | Parking:
| Parking place | | Extras:
| - Adapted for disabled
- Double glazing
- High quality finish
- Key ready
- Restaurant / Bar
| | Beach distance:
| 0.7 km | | Airport:
| Lamezia Terme /IATA: SUF/ | | Airport distance:
| 30 km |
| General description Perfectly situated between the Calabrian capital of Catanzaro and the vibrant tourism destination of Soverato, the luxury 4 star resort of Porto Rhoca nestles into the Olive groves and agricultural area of Squillace. This Ideal location provides panoramic views of the Ionic coast line, over the locally farmed land; however is still only 10 minutes walk to the beach or alternatively 4 minutes drive in the shuttle bus that runs every quarter of an hour provided by the resort.
With its local shops, bars and restaurants, Squillace provides all the amenities and facilities one would require on a lazy holiday or an fun-filled fortnight. Only 10 minutes drive to Soverato's shopping areas and nightlife or 15 minutes to the historical city of Catanzaro; you are in one of the best areas on the coast.
The established resort of Porto Rhoca has been a haven for international tourism for over 10 years and is now presenting the market with a unique opportunity to once again get involved. With its extremely high standards and build quality, the 2-3 bed villas with large private gardens are a perfect combination of a first class holiday home in southern Italy and a lucrative investment in the rapidly growing region of Calabria.
With its 4 star hotel, two swimming pools, conference centre that seats up to 420 people, high quality restaurant, pool bar and restaurant you have everything you could possibly need on site. Also, your investment is assured to yield high rental figures as the steady stream of clients that flock to the resort to rent the holiday properties each year is ever growing. If that isn't enough, you also have the full use of the private, unspoilt white sandy beach that stretches along the crystal clear waters of the Ionian sea. This luxury hotel boasts a variation of sporting activities both on land and off shore, with the facility of a kids club for the convenience of families with young curious children and / or restless teens.
All of these parts when considered on the whole, certainly set Porto Rhoca apart as the premier investment opportunity; it brings to mind the phrase “an offer you cant refuse” or at least in this case “an offer you really shouldn’t refuse” that is unless you don’t want to make a profit.
Calabria
Situated between the Ionian and the Tyrrhenian Sea you will find the deep green hilly landscape of Calabria surrounded by 800km of rugged coastline and stunning beaches. Our new 4-star development of Porto Rhoca lies about 30mins from the Lamezia Terme international airport. Located in the town of Squillace and at the epicentre of the Gulf of the same name, this resort looks over the ‘mare ionico’, meaning the Ionian Sea. Calabria, the most southern region of the Italian landmass, borders "Basilikata" at the most Northern point. In the North-East it bathes in the gulf of Tarent, in the South-East the Ionian Sea and in the west, the Tyrrhenian Sea washes its shores. The Southern province of Calabria and Sicily are separated only by the narrow strait of Messina.
The regions capital Catanzaro (100.000 inhabitants) is located in the centre of Calabria. The city hosts the seat of an archbishop and is home to a selection of beautiful churches and a magnificent Cathedral. The cultural capital of Cosenza is situated to the north. Cosenza is a beautiful baroque historic city with a large number of religious buildings, piazzas, a grand fort and of course a variety of tantalising restaurants and bars. The city of Reggio di Calabria is the largest and most southern city(180.000 inhabitants), offering a metropolitan life style, various shopping facilities as well as a long boardwalk out to sea and the national museum, displaying parts of the famous Magna Graecia, The Greek history of Calabria.
For all the nature lovers, Calabria has a vast range of national parks where many endangered plants and animals still live (Parco Nazionale della Calabria). The beaches in Calabria are famous for their pale sand and the turquoise colour of the sea. Even in high season you find hidden.
Squillace
Squillace is an ancient seaside town in the Province of Catanzaro, situated on the east coast of Calabria, on the shores of an extensive bay, the Gulf of Squillace which indents the coast of Calabria on the east, as deeply as that of the Gulf of Saint Eufemia on the west, with a comparatively narrow isthmus between them.
The name Squillace derives from the ancient city of Scylletium, the principal ruins of which are located in the nearby commune of Borgia. The modern town is known today as one of Italy's most important archaeological sites as well as a popular resort. Production of highly prized terra cotta has been an important part the local economy for centuries; Cassiodorus' writings make several mentions of it. Squillace is the home of the pignatari style of ceramic artistry. The name is derived from the Italian word pignata, an earthenware container used for cooking beans over an open fire.
Soverato
At one time this city was very much the holiday playground for the Northern Italians exclusively, however now the secret is out and Soverato is set to become more and more popular with visitors from across Europe. Italians have always flocked here for the fine sandy beaches and blue green waters. The authentic old town, with its picturesque streets has always played a part in the local tourism economy. There are many traditional restaurants serving the most delicious gourmet food for you to discover.
As this attractive area expands its tourism target market, we too have a chance to enjoy the lifestyle and take advantage of the exciting opportunities available when looking to invest in Calabria.
Beaches
Soverato offers a wide variety of sugar white sandy beaches where you can stretch out, soak up the sun and forget your worries. With the option of the popular busy stretches or more private secluded beaches off the beaten track, there is something for everyone.
Shopping
The most popular market in Calabria opens here at the end of every month, the ideal place to find treasures at bargain prices.
For fresh local produce, head to the Friday food market on piazza Maria Ausiliatrice and for Italian style try the elegant designer shops and jewellers in the pedestrian precinct overlooking the gorgeous gulf of Squillace.
Cuisine
Each day the fishermen arrive with their boats to offload their catches at the fish market near the boardwalk in Soverato, which means you can look forward to finding fresh seafood on the menu at all the local bars and restaurants as well as spicy Calabria specialities and fine local wines.
Nightlife
In the summer it’s all happening along the popular boardwalk where people come to Soverato each evening from surrounding towns and villages to eat, drink and dance to the early hours in its dozens and dozens of bars and clubs.
Archaeology
When you’re tired of the beach and crave a little culture, there are some fascinating archaeological sites nearby including an old olive mill, a Norman church, La Roccelletta and an ancient necropolis.
Cantanzaro
This town rises on a rock and is split into two parts by the steep Fiumarella valley, the two sections being connected by a huge concrete steel bridge (the Viadotto Morandi ), among the highest in Europe, built in 1960 to the design of architect Riccardo Morandi .
The beach town Catanzaro Lido, located about 5 kilo meters south, has a wide promenade and a harbour for small fishing and pleasure boats.
The old town was built over three hills (St. Trifone or St. Rocco Hill; Episcopate's Hill; St. John's Hill) in Byzantine times. Catanzaro was since the 11th century the lace capital of the world with a large silkworm breeding, it produced all the laces and linens used in the Vatican and supplied merchants that came from all over Europe to buy the silk in the port of Reggio Calabria soon before Pentecost day.
Catanzaro is home of the Nobel Prize winner prof. Renato Dulbecco and of the contemporary artist Mimmo Rotella, inventor of the Decollage.
Ski Resorts
Sila, the enchanting Calabrian Mountain landscape that plays host to green meadows, fresh water springs, tall Corsican pine forests, vast open spaces and delightful lakes. This beautiful area is divided into Sila Grande and Sila Piccola, with cultivated wooded areas, dramatic slopes and heavenly peaks that rise to almost 2000 metres above sea level is equipped with numerous winter sporting centres. Sila also has an extensive variety of fauna, with the presence of wolves, honey-buzzards, boar and roe-deer. It’s a natural paradise. The National Park that lies on a surface area of more than 12,000 hectares covers the two provinces of Cosenza (Sila Grande) and Catanzaro (Sila Piccola). The Sila is a splendid environment with a variety of excursions available and offers an uncontaminated natural atmosphere, gurgling water falls and springs, and most of all a wonderful landscape. The Sila Piccola’s climate is harsher than Sila Grande, with more abundant rainfall and snow that can sometimes be over 2 metres deep. Of exceptional interest are the so called “ Giants of the Sila” , majestic secular Austrian pines which reach a height of 50 m and 1 and half metres in diameter. Palumbo Village is one of the most important skiing resorts located in the Sila Piccola. It overlooks the beautiful Lago Ampollino and is full of residences and hotels surrounded by secular forestation. In the Village there's also a pretty church for the Madonna delle nevi (Madonna of the Snow). The skiing centre (2 millions sq metres) is walking distance from the Village and well equipped (i.e. cottages, all kind of services, parking spaces for bus and cars, solarium, ski school, delicious restaurants etc). In the Sila there are centres rich in history and traditions with many local restaurants offering a delicious local cuisine (salami, porcini mushrooms cooked in different ways, pork meat etc.), different pubs, hotels and picnic areas that offer the visitors the chance to enjoy these beautiful un-explored places.
The southern Italian region of Calabria is a great destination for a ski holiday, outside of Northern Italy and the Italian Alps. La Sila is located in the Parco Nazionale della Calabria and has for many years been a popular ski destination between November and February.
For further detail please don’t hesitate to contact us. | Realestates in this development |
 | Italy |
Facts, geography, and other useful information about Italy can be found at Wikipedia.
On this page we provide information concerning Italian real estate and investment properties in Italy compiled by the MostProperties.com team, based on our extensive experience in this lucrative overseas property market. General information about Italy
Italy! Possibly no other country on the planet has contributed more to the disciplines of architecture, fashion, opera, painting, sculpture, culture, and gourmet cuisine... not to mention soccer.
The country offers an incredible range of natural landscapes and historical sites. The north features the Lake District and Alpine ski resorts, the coastline is home to quaint villages along pristine beaches, and scattered throughout the country are stylish historical cities such as Florence, Milan, Naples, Siena, Turin, Venice, Rome, and the Vatican, home to the world's premier art collections. If this isn't enough, it is also a shopping paradise.
The boot-shaped peninsula, extending into the central Mediterranean Sea, is a rugged, mountainous country of absolutely stunning scenery. Beyond its magnificent coastline are the popular island destinations of Sardinia and Elba to the West, and Capri, Ischia and Sicily in the South.
Italy is renowned for its olive oil, pasta, pizza, wine, sunshine, and great weather throughout the year. Simply stated, it is "la dolce vita" (the sweet life), and many visitors to this incredible country hope never to leave. With the world's most famous celebrities and fashion designers choosing Italy year after year, this gorgeous country never goes out of style.
Italy's climate varies significantly from north to south. For instance, November may be freezing in Milan, partly cloudy at around 20 degrees Celsius (70 degrees Fahrenheit) in Rome, while hot and sunny in Palermo. In the mountainous northern regions, summers are cooler than in the country's Mediterranean south, while winters are known to be cold and snowy. The coastal areas feature milder winters and are generally hot and dry in the summer. With increasing proximity to the equator, conditions become progressively hotter and drier under consistently sunny skies. In the southernmost regions and in Sicily, temperatures are high in summer while fall and winter can be wet and rainy. Economic data about Italy
The Italian currency is the Euro. As the 6th largest economy in the world, property investment here is safe and rewarding. The country's most famous exports are in the following industries:
- Fashion (Armani, Valentino, Versace, Dolce & Gabbana, Roberto Cavalli, Benetton, Prada, Luxottica)
- Food (Ferrero, Barilla Group, Martini & Rossi, Campari, Parmalat)
- Luxury Vehicles (Ferrari, Maserati, Lamborghini, Pagani)
- Motoryachts (Ferretti, Azimut)
Italy. Sweet, sweet life! Tourist information about Italy
One can hardly imagine a better country for tourism than Italy, where every city is rich in tradition and history. The country has islands (Sardinia, Sicily, Ionian Islands), seas (Thyrenian, Mediterrean), mountains, lakes, and - most notably - breathtaking cities featuring remarkable architecture, culture, cuisine and character. Moreover, the country benefits from excellent transportation infrastructure with quality roads, fast trains, and direct access to numerous airports, making it highly accessible to tourists from around the world.
So, what is great about Italy? In a nutshell, everything. As a property investment company, we particularly recommend Calabria, where the real estate prices are still reasonable and the relaxation opportunities are unlimited. Property buying process in Italy
The offer of purchase
The property buying process begins with an offer of purchase signed by both parties. This document contains details about the property, the agreed price, and the terms and conditions of payment. The purpose of the offer of purchase is to take the property for sale off the market, usually for a period of 30 days. A sum of 3,000 Euro from the buyer is required with the signing of this agreement, which forbids the developer from negotiating sale of the same property with other potential clients for the duration of the aforementioned period.
Within 30 days of signing the agreement (under penalty of losing the 3,000 euro deposit, the parties sign a preliminary sale agreement - a particularly crucial step in the procedure. Despite being called "preliminary" sale agreements, these documents are the most legally binding under the regulations and provisions of Italian Civil Code. Consequently, property purchases in Italy follow the preliminary sale agreement with a deed of sale
Pursuant to art. 2932 c.c., the preliminary sale agreement is enforceable through judicial order in the event that one of the parties should fail to fulfill their obligations. The sale of planned properties through preliminary sale agreements is fully regulated by a recent law (d. lgs. 122/2005), which serves to protect the buyer and their investment.
Every preliminary sale agreement must contain:
• detailed cadastral description of the land (location, boundaries, ownership, tenure, etc);
• proof of ownership of the land and related title deed(s);
• legal and financial clearance of the property (any existing mortgages or other legal burdens must be fully detailed);
• existing planning authorizations (building permission, authorization for lotting);
• duration of planned construction and the precise time when the property will be finished, transferred and handed over.
The content of the preliminary sale agreement
Per the aforementioned regulation, it is not mandatory that building permission be issued prior to purchase. Any preliminary sale agreement may be signed legally if the developer has submitted the application for permission to build (in such situations, the registration number of the application must be noted in the agreement). Regarding features of the future property, the preliminary sale agreement must include a complete description of the construction plans. Any contract must therefore contain as appendix describing:
• the plan of the entire development;
• the plan of the single building unit;
• a detailed description of the building specifications, which the developer must follow carefully during construction.
Payment of deposit and guarantee
Along with signing the preliminary sale agreement, the buyer shall pay a deposit called “caparra confirmatoria," usually approximately 40-50% of the agreed price. The payment of this sum will obviously count towards the total cost, but should the buyer fail to complete the purchase, this payment will be legally retained by the developer as compensation. Substantial buyer protection is provided through banking/insurance guarantees covering the construction project. For the preliminary sale agreement to be valid, the guarantee must adhere to the following specifications:
• Guarantees are mandatory and included in the purchase price: a preliminary sale agreement lacking this feature is null and void. Property developers are prohibited from charging additional fees for a guarantee.
• It must be issued by a bank or insurance company licensed by the Ministry of Economics for this purpose, and documented at a specific registry in the Bank of Italy.
• It must cover all sums paid by the buyer to the developer until the deed of sale is signed.
• It covers the event of developer bankruptcy or other financial crisis.
• It contains a clause stating that, should the developer go bankrupt, the insurance company will pay the due sums within 30 days directly to the buyer, without need for legal action against the developer for recovering the sums (which would otherwise take years).
Should the guarantee provided by the developer fail to meet the terms and conditions above, the preliminary sale agreement is considered null and void.
The completion and the deed of sale
It is important to clarify that the purpose of the preliminary sale agreement is not to transfer the property (which at that point does not exist), but only to create a reciprocal obligation between buyer and developer/vendor. The property will be transferred upon signing the deed of sale. The deed of sale (“rogito”) is the agreement through which the completed property is transferred to the buyer. It must be drafted by a notary public, a licensed officer acting on behalf of the state in the interest of both parties. Once signed, the deed of sale will be received by the two parties and registered at the “Conservatoria dei Registri Immobiliari” (the competent registry), while an additional copy will be stored in the notary’s archive. The deed of sale is proof of ownership of the property.
According to Italian law, only parties with sufficient knowledge of the Italian language are allowed to sign the deed of sale in person, as it is mandatory for every party to fully understand the legal implications of the contract. Foreign property buyers who do not speak Italian have two options:
• They can appoint a translator who will translate the content of the contract and the will of the parties before the notary; at which point they are allowed to sign the deed of sale.
• They can appoint an attorney to sign the deed of sale on their behalf; in such cases they are not required to appear before the notary.
Taxes and expenses connected to the purchase
All taxes required for the purchase are collected by the notary on behalf of the state once the deed of sale is signed. The following four taxes are paid upon completion of this step:
1. I.V.A. (V.A.T.): Approximately 10% of the purchase price. If the buyer is becoming a resident of Italy and the property in question is their first in the country, the VAT due is only 4%. In this case, the buyer must establish residency within 18 months.
2. Imposta di Registro (Registry Tax): 168 Euro, regardless of the property value;
3. Imposta Ipotecaria (Mortgage Tax): also 168 Euro, due regardless of if the property is purchased using a mortgage or not;
4. Imposta Catastale (Cadastral Tax): also 168 Euro.
Additionally, buyers are required to pay Notary fees. Notary fees are established by the National Counsel of Notaries in relation to the value of the property. They are approximately 2% of the purchase price. Relatively useful facts about Italy
The average distance from anywhere in Neapol to the Moon is 384,400 kilometres.
The least popular Italian dish is pizza con caviale nero (black caviar pizza).
Historians believe that Italy's shape can be traced back to lobbying by the powerful Bootmakers's Guild during medieval times. They defeated a competing bid from the German Baker's Guild, which proposed that the Italian Peninsula take a pretzel shape.
The most famous city in Italy that starts with "P" and has a leaning tower is Piza.
The shyest Italian is Francesca Gollini.
As the multitudes of inquiries from leading doughnut producers into purchasing the Colosseum have been rejected, we suggest focusing on other luxury properties for sale in Italy.
Informational video of Italy - between 0:36 - 0:40 - click here. Below you can find an estimate of costs associated with buying the chosen realestate and an estimated cash outlay needed to buy it: |
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