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Re-Sale Opportunity for sale in Castro, Puglia - REF: 491004
This page provides details about this apartment / flat for sale in Castro.
For details and photos of more properties in Castro please go to our section on Castro property.
This property is listed by David Stanley Redfern Limited (View all properties from this agent).
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€100,487
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£84,620
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$126,031
(Approximate currency conversions supplied by  ) |
| Town |
Castro |
Distance from Beach |
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| Region |
Puglia |
Distance from Shops |
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| Property Type |
Apartment/Flat |
Swimming Pool |
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| Bathrooms |
1 |
Garden |
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| Bedrooms |
1 |
Garage/Parking |
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| Build Size |
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Plot |
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Apartment/Flat Description
There are now only 5 remaining in this particularly nice small development, designed and constructed by an Italian architect whom we have worked with many times before. The finest of local materials will be used in constructing these charming apartments with a particular emphasis on exposed local stone.
The Castro apartments are 1400 metres from the sea in a highly sought area frequented at weekends by wealthy city dwellers of Brindisi and Bari who come to relax by the sea.
The promenade which leads directly to Castro Marina adds to the charm of this development as does it?s proximity to a number of bars/restaurants, a bank and several shops.
The beautiful town of Lecce,(Florence of the South) which is particularly famous for it?s abundance of baroque buildings is less than an hours drive away as is Brindisi airport.
Italy in general is an attractive prospect to investors due to the fact that it is accessible from most European capitals and the low cost airlines have opened routes (and continue to open new routes) to many of Italy?s regional airports. This has a knock on effect on property prices in these areas. Countrywide, house prices have risen around 7.2% year on year and in areas where no frills airlines are operating routes, the projected increases are as high as 20%.
For those interested in the buy-to-let market, the high tourist numbers coming to Italy are encouraging. In addition there is also a strong domestic market, as Italians take great pleasure in enjoying their own country and make a point of travelling around it.
Last but not least favourable tax legislation make Italy a hot property spot for investors. There is no wealth or capital tax gains and if you take out residency it is possible to cut your property costs considerably.
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Local Area Map
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| Towns located close to Castro (Click to view property for sale in that area.) |
| • No other towns listed as being close to this town |
| Property Type |
Min Price |
Max Price |
Average Price |
| (All prices in ) |
Castro |
Italy |
Castro |
Italy |
Castro |
Italy |
| Apartment/Flat |
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28,000 |
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2,000,000 |
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167,697 |
| Business |
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550,000 |
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11,300,000 |
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5,925,000 |
| House/Villa |
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28,000 |
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4,200,000 |
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665,581 |
| Land/Ruins |
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130,000 |
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160,000 |
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145,000 |
| Rural |
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90,000 |
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90,000 |
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90,000 |
| Townhouse |
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0 |
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4,800,000 |
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380,569 |
| Village |
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22,000 |
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51,000 |
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35,750 |
* Calculations based on 0 properties for sale in Castro and 266 properties for sale in Italy |
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View Projected Capital Growth Graph
