The property market in Puglia, and where we fit into it

Property prices have rise steeply in Puglia

In Nardò, for example, where we are currently based, prices have doubled in the last four years. There are still up and coming areas which have yet to reach their full potential though and, in all areas, there are good buys – properties which look like they need more work than they actually do, are currently presented badly, or are priced for a quick sale.

Buying the right properties, restoring and reselling them, will provide a ROI of at least 25% and often more.

For a prime example see here. This was a real ugly duckling of a property but was transformed and valued, a year after work was completed, for over 100,000 euros more than the restoration cost (excluding furniture and fittings added by the client). Below, see some ‘transformations’ – previously an undesirable (no view) roof terrace, an ugly concreted yard and a barren terraced area covered in scrubby weeds.

For other examples and some ‘before and after’ videos see here, here and here

Demand for tastefully restored properties exceeds supply

Eight out of 10 of our enquirers (on personalpuglia.com) want a property which has already been restored.

Less than 10% ended up finding a restored property, the rest had to buy to restore or are still looking. In general, people are worried about buying a ‘fixer upper’ and having to restore long distance and without speaking the language.

A recent client saw two properties we had restored for other clients and said: “ Find me one like that and I’ll buy it like a shot”

There were none ‘like that’ on the market, so we will provide them! After restoring properties for 13 years we know what international buyers want and how to buy and restore properties in Puglia on time and to budget (being bilingual helps!)