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Properties sell in Catanzaro in 8 months and with discounts over 20%

12 February, Il Sole 24 Ore

Residential transactions in Catanzaro continue their growth trend started at the end of 2016. However, negotiations are still rather lengthy. The times to sell a property average a little more than 8 months, while the average discount applied is still high. In fact, in the second part of 2017, the discount reached 18.5% on average, with some peaks of 20-30% against a national average of 14.5%. In Catanzaro, the demand concentrates in two- and three- rooms apartments with dimensions not bigger than 100 Sq m. Explains Marco Ferragina, real estate agent for Prefessione Casa – “It’s more difficult closing sales for bigger apartments, where there is a market, but prices are still too high compared to the purchasing power. From this point of view, 2018 might be the right year to see prices fall also for this type of property”. The most dynamic areas, for purchasing as well as for renting, are still the same that were reported in the previous semesters: on top of the list, there is the old town, the northern part of the city (Giardini, Stadio and Pontepiccolo) and the coastal area. The university is located in this latter, and there is an increased demand from private investors buying 3-3 room apartments in Germaneto and Catanzaro Lido to rent to university students.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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