New Italy Property from David Stanley Redfern

PRLog (Press Release) – May 12, 2008 – One already live on the website is Torre San Giovanni, another fantastic development of apartments in Puglia.

Torre San Giovanni is 4km back from the gorgeous beaches on Italy's Ionian coast, 3 miles from the town of Ugento, just over 10 miles from Gallipolli, and only 30 miles from Lecce -- Brindisi airport is about 45 miles away. The area is renowned for having the best beaches in Italy, with the closest beach having a shallow shelf, making it ideal for children and beach sports.

The development is surrounded by acres of vineyards and olive groves, putting it in the midst of the lush green and beautiful countryside Italy is world famous for. Property in locations like that are absolute child's-play to achieve high yield holiday rentals from, and Torre San Giovanni owners will enjoy 9 solid weeks of occupancy in Italy's high season, and a further three weeks during spring break.

Italy's new taxation laws, seeing capital gains tax abolished after a 5 year hold make Italian property an even more attractive investment. Puglia is an emerging market within the established market of Italy, and San Giovanni proves a bargain with prices starting at just £100,000 for a 1 bedroom apartment in such a gorgeous location.

Italy property has been growing in value by no less than 10% per year, and that can be banked on for the foreseeable future, thoughbargain property in new markets like Puglia, could see even higher annual growth. But the biggest benefit of Torre San Giovanni is as a fantastic holiday home. Somewhere you can go to really relax in the beauty of nature and heat of the Mediterranean.

Find out more about Italian property