for Sale Italy, Irsina
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properties in Irsina
are pleased to announce the latest sustainable tourism
venture in Southern Italy aimed at regenerating the
Southern Italian village of Irsina.
developer is committed to using only local workmanship
and services in the restoration of the houses, as the
aim of the project is to regenerate the local economy
and divert many benefits to the local population.
project is launched in the wake a Antico Borgo Calitri,
a project in which 40 houses have been sold in the Southern
Italian village of Calitri since the sustainable tourism
development launched in October 2006.
of properties available for sale (include property purchase
cost, restoration and furnishing, excludes notary/closing
costs and utilities connections fees):
Approx. less than 35m £20,000
One bedroom Approx. less than 50m £25,000
Two bedrooms Approx. less than 85m £30,000
A Summary of the ‘Terre D’Irsina’
aim of ‘Terre D’Irsina’ project, which
was designed by private property developers in conjunction
with the local city council, is to turn this enchanting
historical village into a getaway for those seeking
quiet, tranquillity and a magical retreat from the chaos
of everyday life. Added to this is ease of access: there
are three international airports within close proximity
of Terre D’Irsina.
The Terre D’Irsina project is an innovative one
that seeks to combine the attraction for foreign homebuyers
of a rural and uncontaminated location steeped in tradition
and history with the benefits the purchases will generate
for the local, mainly agriculture-based, economy. For
the potential acquirer, Terre D’Irsina means combining
traditional Mediterranean hospitality, weather and holidays
with an attractive pricing structure that over time
will prove to be an excellent investment. The town of
Terre D’Irsina and its surrounding areas offer
infinite rural and cultural activities centred around
the many local traditions, gastronomical delicacies
and wines. For those seeking a relaxed occupation beyond
that offered by the village and its traditional activities,
heading to the nearby beach or soaking in the nearby
thermal baths or embarking on exciting culinary or wine
discoveries are an attractive option.
external restructuring of the medial hamlet has been
promoted by the local city council over the years and
this will be followed by the internal restoration works
to be carried out on each house that is purchased.
invest in Italy:
first question every potential investor asks himself
is what to invest in.
With some stock market investments and pension schemes
not fairing very well,
real estate is an attractive option. The second question
is where to invest, particularly
in light of spiralling real estate prices in the U.K.
and elsewhere. Southern Italy is a safe
and delightful alternative.
culture is based on traditions, on the family and on
the life that revolves around the home. Being a property
owner has dominated the priorities list of most Italians
in the last century, also thanks to government-introduced
home purchase incentives. Property ownership has always
been taken very seriously as an inve stment opportunity
in Italy because of the potential returns. In fact,
the market for second and holiday homes has expanded
in recent years as investors have sought them out not
only as an avenue for entertainment and travel, but
also for their investment potential. Investors buying
a house in Calitri stand to benefit from both aspects.
Tourism in Italy:
The Italian peninsula has attracted foreigners ever
since the eighteenth century,
as James Joyce, Lord Byron and Johann Wolfgang von Goethe
Each corner of the country offers delicacies for the
intellect, the body and the soul
to savour. The nation's artistic and cultural heritage
is evident not only in museums
but also in the streets and in every-day life.
outstanding architecture, the artistic heritage, the
thermal baths, the enchanting seashores, the skiing
resorts, and the gourmet food and wine are among the
infinite attractions that entice many a visitor every
day. Each region has its own specialties and characteristics,
and while some are more well known than others, each
is unique and has something very special to call its
Terre D’Irsinia has a population of 5.732, and
only 15 percent of the population has a fixed job. An
inflow of sustainable tourism will give this village
a future, and the possibility of creating a services
industry to meet the needs of vacationers. The Project
managers are committed using only local workers as part
of the restoration process in order to let the buyers
put back into the community as much as they are getting
out of it by purchasing a lovely home in Southern Italy
at a low cost price.
D’Irsina is in a delightful area of Italy that
is sprinkled with castles, aristocratic palazzos and
delightful locations soaked in history and tradition,
ridged with hills and valleys and marked by the ancient
trails. The lands surroundi ng Terre D’Irsina
are completely intact, untouched by the massive urbanization
and industrialization common to most rural areas in
Italy and Europe today. Here, visitors can wander around
and re-discover ancient worlds, visit abbeys and monasteries
reminiscent of times gone by, enjoy the Mediterranean
cuisine and wine, bask in the sun, and fill their time
with exciting sports and cultural activities. This combination
of factors make Terre D’Irsina a unique holiday
location where homebuyers can go to
switch off and recharge their batteries.
Discovering Southern Italy:
Southern Italy still today remains a land virtually
untouched by mass tourism
with many of its delightful locations still to be discovered
in the second half of the 20th century, particularly
from the 1960s on, developed
a passion for seaside and mountain resorts and never
thought to venture
inland for holidays. The result has been that magical
retreats like Calitri have been
largely ignored. While mountain and thermal tourism
has started to develop in recent
years, rural tourism in Italy still has to be very much
put on the map. There
are some areas, for example Chianti in Tuscany and parts
of Umbria, where foreign
ownership and patronage have made certain locations
extremely fashionable. Non-
Italian buyers kick started the process by selecting
prime real estate in towns and
villages which today have become very sought-after locations.
Unsatisfactory plane, train and road connections are
another reason why rural
tourism in the South escaped the mainstream holiday-maker
for many years.
This is no longer the case; investors and vacationers
are starting to look at Southern
Italy with different eyes as a result of recent and
noticeable improvements in
all three (particularly in low-cost airlines that have
turned what were once remote
areas into easily accessible ones, even from abroad.)1
D’Irsina escaped the industrialization and urbanization
common to many other attractive
holiday locations in Italy and Europe also because its
enlightened local city council actively sought to promote
its economy by fostering intelligent tourism and by
protecting the town's environment and its cultural and
artistic heritage. In fact, the mayor and the local
city council are aiming to restore and rekindle life
into the medieval hamlet and energize its economy, while
at the same time preserve the town's architectural,
gastronomical and cultural traditions. The houses and
apartments being sold will remain true to the hamlet's
old world style and rely as much as possible on original
materials and architecture, yet at the same time are
relatively inexpensive and extremely attractive for
their price. Above all, foreign homebuyers and tourists
are welcomed by locals and by the town council for their
contributions to the economy and to the preservation
of the village.
D’Irsina is an agricultural town, formerly an
important Byzantine fortified hamlet, built on the Bradano
river on the border between the region of Basilicata
and Puglia. The town boasts an important 13th Century
cathedral which was partly rebuilt at the end of the
18th Century and the remains of a Norman castle which
have since been incorporated into the crypt of the former
monastery of San Francesco
medieval hamlet is a starting point for numerous activities
for thousands of itineraries ranging from those focusing
on medieval archeology,
thermal baths, wine buying, production and tasting,
to those wishing to learn
more about traditional arts like cooking, ceramics and
needlepoint. In buying and
visiting Terre D’Irsina, visitors and homebuyers
have the added bonus of knowing that
they will be helping keep these traditions alive. Terre
D’Irsina is a wonderful context in
which homebuyers and vacation-goers can go to relax
and enjoy their spare time.
They stand to benefit from the peace and quiet and the
relaxed country living to
just get away from the hustle and bustle of everyday
life. Children are especially
welcome, as they are traditionally in Italian life.
The locals are a well of information
and support for visitors and new home-buyers who want
to discover things.
The local “feste'” and “sagre”
(festivities) include events centred around gourmet
and wine tasting and bridge the generations to reflect
the community spirit inherited
from the days when townsfolk of different families and
ages would join forces
to harvest wheat and grapes. Here, visitors and homebuyers
are able to enjoy the
gastronomical traditions of local culinary artisans
and partake in eating habits
that are among Europe's most discerning and most healthy.
Terre D’Irsina: A Medieval Hamlet in Basilicata:
D’Irsina is a 6,500-strong town and is dominated
by its Cathedral which dates back to the 13th century.
The town is a bustling, Italian village which enjoys
the leisurely pace common to all of Southern Italy and
the high quality of life afforded by beautiful weather
and good food. Terre D’Irsina is surrounded by
idyllic countryside interspersed with rivers, lakes,
fields, woods and archeological ruins. It's origins
are lost in the mists of time, and the town and the
areas around it are dotted with archeological remains
dating back to ancient Rome
has helped mould the gastronomical customs of the area.
the typical mouthwatering dishes are based on home-grown
meats, cheeses, fresh fruits and vegetables. Age-old
recipes passed down through
generations are still prevalent today and are founded
on the traditions of the
healthy Mediterranean diet. Local wines are also an
D’Irsina is structurally a labyrinth of ancient
palazzos, rustic ironwork, marble stairways and engravings.
The houses have thick stone walls designed to seal cold
or warm air in, making the internal ambiance more comfortable
depending on the season. Its wine cellars, meandering
medieval passageways, chiselled entranceways, marble
engravings, sun-kissed courtyards and rooftops are a
snapshot of a bygone area.
various phases of the project:
properties sold as part of the Terre D’Irsina
project will be restructured faithfully to adhere to
local materials and history and only using the local
workforce in order to give bqack to the community and
to help create sustainable development of services for
the locals. The houses will have the added benefit of
the modern technologies that make life comfortable and
easy. Local construction material will be used to reflect
Terre D’Irsina’s traditions, and when available
originals (cotto tiles and marble) will be used to recreate
authentic interiors. The architectural and chromatic
values of the hamlet will remain unaltered.
Phase One, 30 apartments of various sizes will be restructured
sold. These will be the prototypes of the properties
to be sold in the following
phases. They will also be the most attractive in terms
Two will follow after Phase one has been concluded.
Project is aimed at breathing life into the old hamlet
and its economy, and at the same time providing homebuyers,
their guests and visitors with a holiday home and with
the local services for support and entertainment as
they pass their free time enjoying the countless gastronomical
delicacies, wines, local products, and activities.
Properties On Sale:
The properties on sale in phase One are among the most
interesting in the
project and for sure the most attractive from a price
perspective. They are priced
at a discount and will be prototypes of future ones
in the price will be:
??Internal and external restoration work where needed,
electricity, plumbing, and where possible the restoration
of antique flooring (utilities connections are excluded
and carried out by the buyers after the purchase of
furnishing to permit immediate use of the property (bed,
& property types:
Approx. less than 35m £20,000
One bedroom Approx. less than 50m £25,000
Two bedrooms Approx. less than 85m £30,000
roperty on more than one floor or building: To be defined
after year one.
note that house prices are based on square meters and
not number of bedrooms.
Phase One will involve only a set number of properties.
Once these have been sold,
new acquirers will only be able to purchase in the following
The properties will be considered sold once the preliminary
sales contract and the restoration works contract signed,
and the 55% deposit paid.
the purchase is structured:
Signature of the preliminary sales contract and the
restoration works contract
and payment of a non-refundable deposit equal to 55%
of the final sale
Two months later, stipulation of the deed of sale and
the property transfer documents in front of a notary
(a public official who represents the Italian state
and whose responsibility
it is to register all contracts and collect taxes).
Power of attorney can be arranged for another person
in Italy to act on the buyer's behalf through public
notaries recommended by the Italian Consulate in London
if it's inconvenient for them to travel to Italy again
at this stage. The outstanding 45% of the sale price
to be paid.
The new owner will have full use of the restructured
apartment 210 days after the property rights have been
buying property in Terre D’Irsina have a two-tier
advantage. At the price of a
four-week Tuscan villa rental, buyers not only get a
holiday home for life, but are
also making a sound investment.
D’Irsina is what Tuscany was thirty years ago,
yet he difference is today that the speed of communications
and low cost
airlines are changing the nature of locations at the
speed of light.
Terre D’Irsina as an investment opportunity offers
a lot of potential.
household prices on average in Italy have risen 62%
from 1997 to 20043, foreign interest in some areas such
as Chianti have inflated the market to the point that
property in the area has become a huge financial commitment.
A similar phenomenon has started to take place in Umbria.
So while property saturation has been reached in these
areas, where the supply of attractively-priced housing
has dried up, buyers in Terre D’Irsina are being
offered a slice of what in the future will become a
new Italian holiday location.
Terre D’Irsina, today, homebuyers are able to
enjoy the same Mediterranean feel that exists in other
more fashionable locations in Italy without the crowds
that are drawn to such places and with the added bonus
of an authentic lifestyle. The fixed costs buyers need
to factor in when considering their purchase are annual
Italian government property taxes, similar to those
in other countries and proportional to the value of
the property in question.
Terre D’Irsina: a small investment with huge potential.
apartments and houses in the village stand to benefit
from a rise in their value over time, as the town becomes
increasingly known as a vacation location and as it
appeals more and more to both an international and local
but not least, foreigners who buy property in Terre
D’Irsina are being welcomed open-armed by locals
for their contribution to the preservation of the medieval
hamlet and to the local economy. We're all on the same
team, we all stand to win.
wish you a wonderful time in Terre D’Irsina
to get to Terre D’Irsina:
1 hour 20 minutes (84 km)
Brindisi: 2 hours 20 minutes. (199 km)
Naples 2 hours 320 minutes.(213 km)