Houses in the Rome old town are back

15 June, Il Tempo

The centre of Rome is more attractive than other international cities such as London or Paris. The capital, in fact, is the first city concerning the number of transactions concerning luxury homes. The figures come from the yearly Fimaa conference that took place yesterday in Rome regarding the property market in the city. The numbers are encouraging. After an extended period of standstill, the market has recovered, registering a countertrend. While 2013 reported the lowest point with 403 thousand transactions compared to the 845 thousand of 2006, an excellent year for real estate, “today, we’re around 600 thousand transactions”, said Maurizio Pezzetta, Fimaa president. Hence, the outlook is positive, but it has still to consolidate. Transactions have increased by 3% from 2017. According to the Rome Confcommercio commissioner, Renato Borghi, “the signals coming from the market are very encouraging” when commenting on the results. Lorenzo Tagliavanti, president of the Rome Chamber of Commerce, is also positive, as “real estate was one of the sectors most impacted by the recession. Real estate has always been one of the main drivers for the growth of the city and the country”. Pezzetta addresses politicians: “They should stop using the property market as an ATM since taxation has tripled and we can’t go on like this”.

Source: Il Tempo

Translator: Cristina Ambrosi

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