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The luxury property market is continuing to grow

27 October, Milano Finanza

The market is growing, according to the latest market report by Engels&Völkers, the leading company in the luxury sector, in collaboration with Nomisma. In 2017 the volume of property transactions amounted to 542,480, having increased by 4.9% from the previous year. In the next two years, the trend is expected to continue and to reach about 595 thousand transactions by 2020. The general real estate market in Milan and Rome followed different directions, but the luxury segment continued growing. Prices reached a peak of 15 thousand euro/Sq m in Milan, in Quadrilatero, and 12 thousand euro/Sq m in the Rome old town.

Milan confirms to be a very dynamic market, with an increase in the demand in Brera, Castello-Foro Buonaparte, Magenta-Monti-Pagano and Sant’Ambrogio. Rome suffers from the pre- and post-election political uncertainty. The most popular areas in the Capital are Parioli, Prati and Eur.

Source: Milano Finanza

Translator: Cristina Ambrosi

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