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Discounts have fallen to 17% in Cagliari
11 January, Il Sole 24 Ore
Cagliari might close 2017 with an increase of transactions between 15% and 20%. The results are aligned with those of 2016. “The offer of houses for sale hasn’t been absorbed yet – explains Simone Pierini, agent for Re/max – but there is a demand for properties, who wants to buy is not just waiting. “The main drivers of this trend are the very convenient interest rates on mortgages, as well as prices, that are still decreasing, especially those of residential properties. “The selling prices in the last 12 months – continues Pierini – have fallen on average by 3-4% and there is still space for further decreases”. We must also consider the reduction of the discount margin, currently set around 17%, and the selling times which have fallen below 8 months. The demand, both for sale and for rental, is still focused on two sizes: two- and three-room apartments, with surfaces not exceeding 120-130 Sq m. The most requested properties are centrally located, like in Castello or in Marina, or in semi-central areas, such as San Benedetto or Monte Urpinu. It’s also worth to note that there is a comeback of purchases for rental.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi