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Residential market: people in Genoa want a big house
11 October 2017, Genova Today
According to a study by Tecnocasa, the most requested houses in Genoa are the four-rooms ones. Almost no interest in one-room apartments.
The positive trend of the Italian real estate continues and sees the demand increasing and consequently the sales, as confirmed also by the Revenue Office. The factors for these results are convenient mortgages, house prices at their lowest, and a renewed trust.
In the last few years, the property market has seen the prices progressively falling and this has changed the type of property requested leading to a shift towards bigger properties. However, in this first half of the year, this trend is starting to invert thanks to the return of investors, registering interest also in smaller properties.
Offer is shrinking, especially for the finest quality houses. The selling times have slightly reduced, especially if the property is correctly evaluated.
The analysis of the demand shows that in the big Italian cities the most sought property is the three-room apartment with 40.1% of the preferences, followed by the four-room apartment with 24.7%, and the two-room apartment with 22.9%.
In July it was registered an increase in the demand for for-room and one-room apartments compared to the previous six months. In Genoa, the most sought apartments are the four-.room ones. The request for one-room apartments is below 1%, The three-room apartment still holds well.
The analysis of the offer shows that the most common type of property in the big Italian cities is the three-room apartment with 32.8%, followed by four-room with 25%, and finally the two-room apartment with 23.4%.
Source: Genova Today
Translator: Cristina Ambrosi