Why Now Is the Perfect Time to Invest in the Taranto-Lecce-Gallipoli Triangle
La Maviglia Golf Course
A few months ago, in one of our first blog posts, we shared our rationale why we thought the Taranto, Lecce, and Gallipoli triangle was a prime location for real estate investment, citing its potential for significant capital gains and attractive rental yields. With recent developments, our advice has proven to be right on target, and the urgency to invest has never been greater.
La Maviglia, Campomarino di Maruggio, OPENING IN 2027
The recent announcement of La Maviglia, an old Masseria from Puglia turning into a luxury hotel and golf course in Campomarino di Maruggio, planning to open for the summer of 2027 is just the beginning of a broader trend transforming the region. This development, along with other upcoming projects, is driving increased interest and investment in the area. Recent 5* Hotel openings in the town of Manduria,renowned for its Primitivo wine, like Palazzo Donna Elizabetta and Corte Borromeo have met a lot of success with occupancy rates in 2024 well above their initial targets as well as other openings further down south like the Palazzo Zimara in the town of Lecce.
“Wealthy Buyers Are Turning This Region Into One of Italy’s Hottest Home Markets. ”
Some data facts supporting our huntch…
Supporting this trend, recent data reveals a 5.4% increase in real estate prices per square meter across Puglia compared to July 2023. This upward trajectory is expected to continue as the region gains more attention and its amenities improve. Properties for sale in Puglia but especially in the Taranto-Lecce-Gallipoli triangle are seeing faster sales and higher demand, making now a critical time for investors to act.
As they say we have “skin in the game”, and have recently acquired 2 more properties which we plan to develop and put on the market for sale when ready. This is on top of the 4 properties we already have in the area.
By investing in this burgeoning area now, you can secure property before prices climb further. Don’t miss out on the opportunity to benefit from the current market conditions and position yourself for substantial future returns.
FAQ’s:
What is the minimum budget to buy with development rights in this triangle of Taranto-Lecce-Gallipoli?
At the time of writing this article, the price of an hectare with the right to build around 100 sqm is approximately €50k. The closer you get to the beach and the more likely the price will increase.
How much does it cost to build in the region?
Again, as per the summer 2024, building companies are quoting between €1,800 to €2,000 per sqm for a finished product. This price does not include the swimming pool or any boundary walls/gates and is for a standard high end finish similar to the property we have developed Masseria La Calma
Why is the Taranto-Lecce-Gallipoli triangle considered a prime investment area?
This region offers significant potential for capital gains and rental yields due to ongoing developments, increasing demand, and the overall attractiveness of the area.
What recent developments are influencing real estate prices in this area?
Notable developments include the new luxury hotel and golf course, La Maviglia, in Campomarino di Maruggio, which are driving interest and contributing to rising property values.
How much have property prices increased in Puglia recently?
Property prices in Puglia have increased by 5.4% per square meter compared to July 2023, reflecting the growing demand and development in the region.
What are the expected future trends for real estate in the Taranto-Lecce-Gallipoli triangle?
Given the ongoing and upcoming developments, along with increasing interest, property prices and rental yields are expected to continue rising.
What types of properties are most in demand in this area?
High-quality residential properties, especially those with unique features or located near beaches, historic towns and new amenities like golf courses, are particularly sought after.
What should investors consider when buying property in the Taranto-Lecce-Gallipoli triangle?
Investors should consider factors such as location, access to the local beaches, proximity to new developments, property condition, and potential for future growth and rental income.
Are there any risks associated with investing in this region?
As with any investment, risks include market fluctuations and potential delays in development projects. However, the current growth trends and developments in the region mitigate some of these risks.
How can investors find the best properties in this area?
If you decide you are serious about investing in Puglia, contact us so we can tell you more about our services and tell you how we can make your dream come true of owning your corner of paradise in Puglia.
What are the benefits of investing in real estate in Puglia compared to other regions?
Puglia offers a combination of increasing property values, high rental yields, beautiful landscapes, and a growing tourism sector, which makes it a compelling choice compared to other regions.
