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Tecnocasa: Palermo old town attracts investors
16 October, Monitor Immobiliare
In the first half of 2017, the property market in Palermo has seen a reduction of prices of 0.6%. Compared to the first semester of 2016, there is an increase of sales in the city as well as in the province, respectively of 14.6% and 5.0%
According to the Research Centre of Tecnocasa, the prices in the old town are unchanged and they register an increase for what concerns requests and sales. Here, buyers are spending amounts not over 100 thousand euro and they focus almost exclusively on the investment. To start a B&B business, they budget 50-60 thousand euro for properties to be renovated, located on the main streets and in historical buildings.
Source: Monitor Immobiliare (by E. I.)
Translator: Cristina Ambrosi