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An Overview – Liguria’s Property Market

Dec. 1st, 2010
in Real Estate
by Paul Amos

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Around the beginning of November, Playa del Carmen gets cold, so cold, in fact, that the locals will get out their winter jackets and wool winter hats. How cold is this freezing winter weather? Try 68 degrees!

The pressure of demand in years 1998 – 2007 In the decade 1998 to 2007, the demand for second homes and the difficulty to build new houses after the negative excesses of Sixties and Seventies, raised the prices. Despite we have seen a halt in price growth over the last two years (2008 – 2009), and subsequently a decrease, by now, for a good house on the sea-front of the well renowned resorts in Riviera, it is still common to be asked a price near 10,000 euros / sqm. For resorts as Bordighera, Laigueglia or Alassio on the West Riviera and all sites of Portofino Promontory (Portofino, Paraggi, Santa Margherita, Zoagli), the requested price may be even higher than 10,000 euros / sqm. Portofino is a special case: it is the first or the second most expensive property market in Italy and has its own uniqueness. For a house overlooking the pier, the average price (as of 2009) is about 17,000 euros / sqm.

You’ll be able to walk around in shorts and sandals, and you’ll be watching the locals shivering in their winter jackets and wondering what happened to them!

The belief is that from the night of October 31 to November 2 the souls of friends and family who have passed away, return to the earth to enjoy the pleasures and comforts they had in their earthly life. The celebration is not one of ghouls or frights, but rather of memory and comfort.

Differences between the two Rivieras The home supply differs in some respects on the two Rivieras. On the East Riviera the supply is more limited due to the conformation of territory. On Cinque Terre and Portofino promontory, the possibility to build is very limited and the supply of cottages and old (may be restructured) houses is prevalent. On the West Riviera, the more space available has fostered, in the period from 1950 to 1970, building plenty of new houses, very often without concern for the aesthetic and environmental aspects. Unfortunately, examples of this unregulated way of building exist also on East Riviera.

Characteristics of typical Riviera towns Many Riviera towns owe much of their charm to their older core, often of artistic and historic interest, always crowded on holidays and during the summer season. The main street is long and narrow, surrounded by high buildings on both sides. Because of this, local residents call it “budello” (literally meaning gut). Walking on the “budello”, you can spy the sea through the narrow arched alleys (here called “caruggi”) which separate the tall buildings one from each other. If you look up to the windows, you will probably see clothes hung out to dry. In most cases, the old town and part of the modern centre have grownin the flat strip between via Aurelia and the sea. This portion is usually the most valuable and demanded zone of the cities.

Besides this, the cost of living in the warm-weather climate is also much lower than back home. If you spend even 6 months of the year here, you will notice large savings in everything from eating out, to medical service or the grocery bill.

In terms of food Hanal Pixan is a celebration that is bursting with flavor. In order that all souls enjoy earthly pleasures, the people make the best dishes in large proportions, such as the special tamale called “mucbipollo.” The term comes from the Mayan “Pib” which means “buried,” referring to the fact that the tamale is cooked underground. These are left on the altars. Residents who do not have the chance to enjoy the Day of the Dead in a traditional setting can also enjoy a very rich and elaborate presentation in the nearby eco-park Xcaret, which annually presents music, dancing, food and decorations of the Mayan tradition, as well as those from one other specially selected part of Mexico.

Paul Amos is an Author His latest website is about When to Refinance ? Tips for Working With Brokers For a Mortgage, the final payment B is zero

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