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Rome queen of real estate. Investments are back

01 March, Il Messaggero

“The market is improving”. The Rome real estate market is living a positive phase: the transactions concluded for residences in the capital in 2017 have been 32 thousand, according to Nomisma. Concerning the future, the analysts expect “an additional increase of deals”. In the meanwhile, the report published by the company speaks about “a positive evolution of the main parameters” in the second part of the past year. In the analysis, Nomisma considers prices, selling times and the dynamics of offer and demand.

Average prices for new houses amount to 3,363 euro/Sq m, while in the period July-December 2017 the discount reduced, and it takes on average six months and a half to sell a property. What about old properties? The average prices are 2,861 euro/Sq m, the selling times are around 6.3 months (times have been reducing since 2014). The selling times and the discount are below the average of the 13 main Italian cities. In the suburbs and in the semi-central areas, prices “have reported a positive variation”.

There is a steady demand, the offer is also growing. The property market in Rome, concludes Nomisma, “seems to have almost left behind a crisis that lasted ten years”.

Source: Il Messaggero

Translator: Cristina Ambrosi