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Engel & Völkers: no crisis for luxury properties despite Covid-19

18 August, Wall Street Italia

The current pandemic doesn’t seem to have impacted the luxury property market as the demand and prices remain stable. Engel & Völkers confirms this trend with properties sold for over one million euro. In Rome, the group sold properties in exclusive areas such as Parioli and the old town for prices between 1,400,000 and 1,750,00 euro. In Courmayeur, Engel & Völkers completed two transactions for 2,790,000 and 3,500,000 euro, while on Garda Lake two villas were sold at over 1,500,000 euro. Another villa in Maremma (Tuscany) was sold by the group for 2,500,000 euro.

Source: Wall Street Italia

Translator: Cristina Ambrosi