Sardinia, often celebrated as the jewel of the Mediterranean, attracts those seeking a serene seaside retreat. However, investors and second-home seekers must explore regions that blend luxury with affordability. Beyond the well-known Costa Smeralda, numerous satellite towns and neighboring areas present
enticing opportunities for real estate investment.
One notable location is Cannigione, conveniently situated just 15 minutes from the exclusive Porto Cervo. This picturesque village boasts properties priced significantly lower—often 50-60% less than those in Costa Smeralda. From independent homes and traditional stazzi requiring renovation to modern residential apartments, Cannigione stands out as a prime option for those interested in northern Sardinia.
Why Cannigione is a wise choice
For
individuals hoping to experience luxury without prohibitive costs, Cannigione proves to be a smart choice. Unlike other tourist-heavy locations that become deserted in winter, Cannigione maintains a vibrant community, featuring supermarkets, restaurants, and schools that operate year-round. Its origins as a fishing village enhance its appeal, and the high-quality marina offers affordable mooring fees for boating enthusiasts, providing quick access to the stunning La Maddalena islands within
a mere 15-minute sail.
Rental market dynamics in Cannigione
The rental market in Cannigione is thriving, driven by a growing number of tourists who prefer the area’s amenities over the seclusion of luxury villas. For the cost of a studio apartment in Porto Cervo, one could acquire a three-bedroom apartment with sea views and a terrace in Cannigione. Average prices in this area range from €3,500 to €5,000 per square meter, while properties in Costa Smeralda can command anywhere from €10,000 to €15,000 per square meter.
Other notable investment locations
In addition to Cannigione, several other areas in Sardinia merit consideration for real estate investment. Abbiadori, located above Porto Cervo, offers a variety of townhouses and apartments at significantly lower prices compared to the exclusive consortium. This location is ideal for those seeking year-round access to local services and proximity to some of the island’s most celebrated beaches.
Another appealing option is San Pantaleo, a charming village along the coast. Renowned for its artistic vibe, this picturesque spot features properties ranging from stazzi needing renovation to historic center apartments that retain their value over time. With its draw for artists and nature lovers, San Pantaleo is a sought-after destination located just 10-15 minutes from Porto Cervo.
Baja Sardinia: A historical seaside escape
Another area to consider is Baja Sardinia, a classic beach destination adjacent to Costa Smeralda, which offers distinct pricing dynamics. Here, one can discover spacious apartments from the 1980s and 1990s that can be transformed into excellent investment properties post-renovation. This area is ideal for those looking for vibrant nightlife near clubs without investing in extravagant villas.
Smart buying tips for investors
For those eager to secure a great deal in Sardinia, focusing on properties requiring renovation in areas such as Arzachena alta or the historic center of Olbia can prove beneficial. These locations, although a short drive from the stunning beaches of Costa Smeralda, offer urban renewal opportunities at much more competitive prices. Additionally, venturing a few kilometers inland to places like Bassacutena or the surrounding countryside around Luogosanto can yield remarkable investment opportunities.
While the allure of Costa Smeralda is unmistakable, Sardinia is rich with hidden gems that deliver both beauty and value. By exploring areas such as Cannigione, Abbiadori, San Pantaleo, and Baja Sardinia, investors can achieve the perfect balance between luxury and budget-friendly options, turning their dreams of owning a piece of this Mediterranean paradise into reality.