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Lombardy is the driver of real estate. One house every 4 is bought here

14 December, Il Giorno

This year, one house very four in Italy has been sold in Lombardy. With 22.2% of the total national transactions, according to the last survey by Scenari Immobiliari. Lazio is second in the chart, with 10.8% of the total. The research centre has shown that between 2016 and 2017, sales for residential properties in Lombardy have grown by 12.8%, against the national average of 7.7%. Over 12 months, the region has gone from 109 thousand to over 123 thousand transactions, 22% of the 560 thousand registered in the country. And Lombardy will continue to grow.

Scenari Immobiliari estimates 143 thousand transactions, 16.7% more in the last 12 months. The region might reach 192 thousand operations. Prices will also rise, by 1.3%. By 2020, real estate prices will return to pre-crisis levels, surpassing the pick of 2007. “The growth of the region is due to the many planned residential and non-residential projects. There are currently initiatives in place in the region for 8.5 million of Sq m for a total investment of 18 billion euro. This is almost half of the Italian real estate initiatives”, explains Mario Breglia, Scenari Immobiliari president. Milan, channelling the after-Expo effect, is going through a new impulse in real estate that has pushed transactions over 33 thousand units, 4.2% more. In the most central areas, prices have continued to grow: 1.8% in 2017 compared to the previous year.

The 10-year index for the prices in the city exceeded the values of 2007 already in 2016 and its still continuing its growth, estimated to rise by 2.3% in 2018. Bergamo has been growing since 2014 ad this year the transactions will reach 1,660 units, 9.2% more than the previous year. Brescia has reached 2,670 transactions (+11.2%) and, according to Scenari Immobilliari, and it might exceed 2,900 units in 2018. Como will close the year with 1,230 units, according to the latest estimates. In 2018, volumes will grow by 13.8%, reaching 1,400 units. Cremona estimates 920 sales, 13.5% more in 12 months, while Lodi has spiked by 15.9% to 800 units. Lecco has grown by 7.6% to 700 units. Mantova has reached 650 sales (+11.8%), Monza closes with 1,630 transactions (+5.8%) and has seen its turnover grow by 3.5%. Pavia has reached 1,000 transactions, Varese has registered a growth of 11.5%, while Sondrio has reported 320 transactions for an increase of 10.3%. Luca Rossetto, Gruppo Casa.it Ceo, that worked at the survey, stresses how “at regional level, the demand in houses, in terms of requests through our portal, has grown by 59% in November 2017 in comparison with November 2016”.

Source: Il Giorno

Translator: Cristina Ambrosi

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