Investing in tourism in Sardinia: are you ready?
Investing in tourism in Sardinia
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Sardinia is synonymous with amazing and pure sea. Investing in tourism in Sardinia,A stopover that represents excellence and which means dream holidays for many people.
In Sardinia, during summer, the number of visitors is 14 million 200,000, if referring to the year 2017. More than 80% are concentrated between June and September.
These data are saying a lot about tourism since its vitality is confirmed from year to year and tends to increase. The only impediment to the tourism growth in Sardinia lies in the difficulty of getting to the island, not only regarding transports and the time needed but especially in terms of cost.
The tourist, who comes to Sardinia, is part of the upper middle class and can afford a high-level stay, compared to other Italian tourist destinations. That said, we can tell for sure that investing in tourism in Sardinia is still, and always more, a great opportunity.
The forecasts are improving thanks to the policy regarding the strengthening of the communication channels. The renovation of Cagliari airport and the investment plan for the road network are among the decisions developed by the regional administration to aim a more mindful tourism.
The tourist who arrives on the island, attracted by the beauty of the beaches, will also come over time for the quality of life, which is reaching world records in some areas of Sardinia.
Investing in Sardinia because of the predictable development of tourism
Buying a second home to rent it, or investing in an agritourism, raises the question related to the kind of typical tourists who choose the island. The seasonality of the flows is a weak point when it comes to invest in Sardinia.
52% of tourists are concentrated during the months of July and August, and as said before, 83% on the entire summer (from June to September). We can expect an income coming from rents for 10/14 weeks, while during the rest of the year these second homes are remaining vacant.
Despite of this, buying homes in Sardinia is considered a great investment. The same data confirm that there are no inflections but rather continuous flows that are guaranteed by tourism.
The income coming from rentals has always been behind a home purchase on investment purpose. The novelty is that those places, as they have never been part of the most famous tours so far, turn out to be very attractive.
The appeal for coastal areas, not yet hit by mass tourism, and the proximity of an interesting hinterland, slightly displace tourist flows.
To invest in Sardinia, it is also necessary to take into account this phenomenon, in order to manage to buy at more advantageous prices. The eventual sale of the real estate could indeed generate an additional profit.
There are some characteristics that may increase the possibilities to make profits, even in short term. With the coastal protection decree, it is forbidden to build less than 2 kilometres from the shore.
There is a double consequence. On one hand, houses located within the virtual perimeter applied by the decree, are getting more value. On the other hand, the demand for real estate is concentrated on places where prices were lower.
Small towns, where life is closer to real island customs, are an important turning point in the choice of investment. Real estate is cheap there, with a growing tourism demand.
A market which speaks more and more foreign languages thanks to websites specialised in rentals
Owning a house in Sardinia is not only a financial investment, if you rent it, but also in terms of quality of life and savings, for the privilege of enjoying it during the months when a budget is, anyway, devoted to holidays.
Not having to rent a house, not having to look for it and on top of that being aware that it can be rented during the unoccupied periods, is very appreciated by the average family who could enjoy the coasts of the island for many years. The purchase of a second home is an achievement that a lot of people are trying to reach in many years.
Those wishing to invest in a second home should know that almost half of the tourists who arrive on the island are foreigners and that in some areas they exceed 60% as in Alghero, which is described, not by chance, as the golden gate of tourism in Sardinia.
The rental market today is less and less held by local agencies but always more by portals dedicated to rentals between privates, such as Booking.com and Airbnb. The development of tourism is the major guarantee of the investment and therefore, investing today in tourism in Sardinia makes sense.
All this is related to the rather unsatisfactory development of the economic sector. The positive results are due to a trend of the economy development recorded in Europe and spreading throughout the national tourism industry.
Sardinia is at the forefront of a wise policy that has preserved the quality and beauty of the island and mainly its coastline.
