Well without treading into LOK bashing I wonder what's so different about Sardinia, it's not as if the island just dropped into the Med yesterday out of thin air. Why haven't values appreciated previously and what's changed that they'll start appreciateting now (in the middle of a property led credit crunch).
Ive been approached lately from some landowners in sardinia with regards to developing a resort in sardinia, and am looking at a few different angles there.
On the positive side of things its not quite as wrapped up by the various mafia factions as sicily and calabria are.
Its a more presitgious area in the eyes of the italians for holidays and slightly higher end then the aforementioned.
Rental yields seem to be pretty good.
The idea of owning a luxury apartment in sardinia im sure would appeal to many people.
Capital appreciation is another thing though, as howitzer mentioned its a difficult time in the industry in general
The important thing for me in looking at sardinia is how easy it is to go in on a developmental level.
Beautiful spots like calabria and sicily have only been marketed recently because the difficulties lied in the planning the corruption and obtainting the right title and permits on the land. And even in those recently marketed they have not all been transparent when it comes to those things.
So these are things that would need to be checked by a buyer going into Sardinia.
Dont just accept the pitch your given do a solid due diligence.
Ill be doing a general one over the next few months and will mention my findings