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residential Market News: Italian Real Estate Intelligence

Growth of house prices in Italy to continue in 2023
21 December, Il Sole 24 Ore Immobiliare.it reports that the growth of residential property prices in Italy is set to continue in the upcoming year as the gap between north and south widens. Genova reported the biggest increase (+4.5%), followed by Bologna (+3.9%) and Verona (+3.2%), while prices went down in Naples (-1.5%) and Palermo (-1%). Milan remains the most expensive city in the country (5,000€/Sqm), while Catania is the cheapest (1,200€/Sqm). Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Social housing for 200 new apartments to be launched in Milan
21 October, Monitor Immobiliare A social and urban requalification project to build 200 new apartments in Milan’s Sarpi area has been presented by InvestiRE SGR (Banca Finnat Group), which manages the properties owned by Policlinico di Milano hospital, one of the investors of the project. The operation consists of an investment of €40 million to develop long-term rental and social housing units to meet the demand for housing in Milan. Source: Monitor Immobiliare Translator: Cristina Ambrosi