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San Severino Marche Blues

Property in Le Marche region of Italy extends to the Alte Valle del Potenza e dell’Esino.  This region is served by MarcheRustico.com and  offers a wide selection of properties in Le Marche consisting of ruins to restore and houses in historical centres, casali or houses in villages, and  working farms.   In Apiro, at the foot of Monte San Vicino,  a ruin to restore of 140 sq.m. of habitable space with 3.000 sq.m. costs approximately  € 85.000 (GBP 59.000) for ruin and land. In Castelraimondo, a ruin with 120sq.m. to restore and 1.600 sq.m. of land  to develop costs approximately €80.000 (£55.000) for the ruin and land.  Both properties are located in elevated positions with commanding views of other properties in Le Marche Italy and of the surrounding countryside, and are typical of properties offered by MarcheRustico.com and are typical of the quality of properties in this area.    Townhouses are popular choices with British and foreign buyers and, for example, in Tolentino townhouses in the every beautiful historical centre, some with inner courtyards will cost approximately €60.000 (£41.000) small  but with cantina and kitchen/lounge, bathroom and one bedroom to €150.000 (£103.000) for kitchen and living rooms on three levels, cantina and 3 bedrooms.   Luxury properties are also available for €1.000.000 (£985.000) to €1.250.000 (£857.000)  These are complete with exotic Italian designed gardens 6/7 bedrooms, double garages, swimming pools and solar panels to keep energy costs to a minimum.  All have stunning views over the town of San Severino Marche.  Agents like MarcheRustico.com at San Severino, Tolentino and Ancona oofer turnkey solutions, have a varied selection of properties to suit all investment portfolios.

Traditionally Le Marche properties region was agricultural under which products were equally divided between the owners and the cultivators of the land, the area rapidly developed and farmhouses grew to accommodate larger families of cultivators and Le Marche property owners prospered under the mezzadria system.   However, in modern times agriculture declined and Le Marche developed the industrial sectors of shoes, paper, furniture, shipbuilding and as a consequence farm dwellings were vacated and fell into disrepair, leaving us now beautiful old Marchigiana farmhouses to restore.   Investors are now recognizing the potential of restoring these large properties and converting them into apartments for holiday rentals, bed & breakfast facilities, wineries, biological farms and restaurants.   Property conversion is now in its infancy but growing rapidly due to specialist civil engineering studios like Studio Ingegneria Eugeni Fabio and Federici Massimo who have developed a reputation of excellence in property restoration and will help prospective buyers to wade through the complex planning consent procedures.   Restoration costs vary with individual taste in fittings of windows, doors, stone work and garden requirements.  There is a wide range of craftsmen in the San Severino Marche/Tolentino area and costs range from €650 sq.m. (£445) to €1.050 sq.m. (£725) again depending upon the level of fittings.

Due to the variety of property on offer, the proximity of modern facilities and the sparsely populated region, Le Marche Property is proving to be an interesting investment area with returns are growing at around 10% - 15% a year.   The natural beauty of  area, the friendless of the Marchigiana people, and the abundance of art, threatre and recreational facilities all contribute to attract  discerning investors.   With buying and restoration costs pegged at around € 1.250 sq.m. (£850) and selling price at around € 1.750 sq.m (£1.200)  or more depending on facilities offered investors, returns are attractive.
 
 
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Properties in need of restoration in Le Marche


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