Sardinia has been enchanting tourists from all over the world for many decades. Its stunning white sand beaches, crystal clear sea, delicious food and culture are collectively drawing foreign buyers looking for holiday homes to this fascinating island. Sardinia is rapidly evolving into a popular location for a variety of types of property investment. This well-liked year-round location is steeped in ancient history and provides some architectural gems due to its colourful heritage. Frequently people come for a summer holiday and fall completely in love with the island.
One of its practical attractions is that there are good lines of communication provided by the three international airports in three different zones across the island, Sassari, Olbia and Cagliari provide direct flights to and from UK, Germany, Spain, France, Scandinavia and major European countries which operate all year round. There are also ferries from Santa Teresa di Gallura on the northern tip of Sardinia reaching Bonifacio, Corsica, in about 50 minutes. This uncongested island, which boasts of a higher than average level of sunny days each year, offers many opportunities for investment in this piece of paradise. The Sardinian the real estate market is growing year on year, Cagliari, the largest city in Sardinia, records a high level of property transactions.
One of the most well known and prestigious areas in Sardinia is the renowned Costa Smeralda (Emerald Coast) on the northeastern coastline centered on Porto Cervo. This coastline has been known as an exclusive luxury summer holiday resort of the international jet set since the 1960s when Aga Khan discovered Sardinia and turned it into a destination for the rich and famous. Its elegant resorts and luxury villas overlooking the beautiful bays are second to none. The wonderful luxury yachts belonging to many international millionaires and famous movie stars make this place even more fascinating. Waterfront properties in Costa Smeralda are sold for tens of millions of euro making Sardinia one of the most prestigious luxury real estate locations in Europe.
There are plenty of areas along the peninsula bounded by Olbia to the east and Castelsardo to the west that are more affordable and popular with foreign buyers. Villas close to the waterfront start around €3 million. Apartments and houses in Castelsardo, an old town fortified with a castle, prices start from €100,000. Alghero, one of Sardinia's most beautiful medieval cities, located in the northwest offers large apartments and houses with prices starting from €120,000 and villas with sea view from € 2.25 million; around Cagliari, the southern of Sardinia, properties by the coast start about €1.25 million.
In the 1920s a dam was built on the Tirso River, which was once the largest in Europe at one point, which created a reservoir called Lake Omode; the beauty of the reservoir and surrounding mountain scenery make this a wonderful place to be and property prices in this area are extremely competitive starting from €30,000.
There are some extraordinary opportunities for those individuals who would like to spend a little less on buying a Sardinian property in the many villages that require restoration. In Santu Lussurgiu for example, halfway between Oristano and Lake Omode, a property requiring renovating can be found for as little as €20,000.
Whether buying a property in Costa Smeralda or a property in a renovation project at a price of €1, instructing a lawyer to assist with the purchase will protect the purchase and provide you with the confidence of knowing that there will be no unpleasant surprises once the property passes into your possession.
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