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residential Market News: Spanish Real Estate Intelligence

Genova: the old cinema will be replaced by luxury apartments
08 January, Il Secolo XIX The old Ritz cinema in the neighbourhood of Albaro, Genova, will be demolished and high-end apartments featuring hanging gardens will be built in its place. The project will radically change the look of Piazza Leopardi. The cinema had been closed for over one year. Source: Il Secolo XIX Translator: Cristina Ambrosi
 
Nomisma: first rise in house prices in 10 years
08 January, Mutui Online Nomisma reports that the residential market recorded an increase in prices for the first time in 10 years. In the second half of 2019, prices grew by +0.2%. The past year registered about 662,000 transactions, 92% of which concerning the residential segment. Such a result was mainly due to the favourable mortgages, currently offering very low interest rates, although banks had become stricter in their selection requirements. Source: Mutui Online Translator: Cristina Ambrosi