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residential Market News: Spanish Real Estate Intelligence

Public assets for 1.2 billion euro to be sold on auction

Public assets for 1.2 billion euro to be sold on auction
16 July, Milano Finanza The sale aims at obtaining returns for 950 million euro in 2019 and 150 million in 2020 and 2021. For this purpose, the Land Registry Office identified 420 among property and land for a total value of 420 million euro. The assets will be sold through auction, which will be published in July and will address both private and institutional investors. Meanwhile, the state-owned Invimit Sgr will manage the sale of the public properties transferred to its funds worth in total around 610 million euro. Source Milano Finanza Translator: Cristina Ambrosi  
 
The property market in Campania is growing, although the price trend is still negative

The property market in Campania is growing, although the price trend is still negative
15 July, Re Quadro The residential market in Campania reported 8,808 transactions (+5.2% from the same period of 2018). Meanwhile, prices are still registering a negative variation, even though the trend is not as dramatic as in the past. Naples reported 1,831 transactions in the first quarter, seeing the rise of luxury houses located in prime areas like Posillipo and Chiaia, where prices average 6,750 euro/Sq m. Source: Re Quadro Translator: Cristina Ambrosi
 
Immobiliare.it: stagnating trend of property prices in the first half of 2019

Immobiliare.it: stagnating trend of property prices in the first half of 2019
10 July, Immobiliare.it The national market reported minimal variations in the property prices in the first semester of the year, setting at 1,879 euro/Sq m on average (-0.2%). Prices in the south are set at 1,552 euro/Sq m. In the centre, the average is 2,234 euro/Sq m (-0.7%), while prices in the north increased by 0.5% for an average of 1,926 euro/Sq m. Florence is Italy’s most expensive city, averaging 3,810 euro/Sq m. Milan is second with 3,466 euro/Sq m (+4.3%). Finally, Rome is third with 3,148 euro/Sq m, reporting a negative variation of -2%. Source: Immobiliare.it Translator: Cristina Ambrosi
 
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