14 April, Corriere del Mezzogiorno
The City of Naples and Invimit entered a preliminary agreement to launch Fondo Napoli, an investment fund to promote and optimize the municipal properties. The city’s real estate assets amount to over 65,000 properties between houses, shops, land and offices, valued at over €4 billion.
Source: Corriere del Mezzogiorno
Translator: Cristina Ambrosi
27 January, Finance Community
Prelios completed the sale of a retail asset covering 12,500 Sqm in Afragola (Naples) to a fund managed by InvestiRE SGR. Prelios had worked in the past 18 months on the renegotiation of the lease contracts, with their consequent extension. The main tenant of the property is Leroy Merlin.
Source: Finance Community
Translator: Cristina Ambrosi
08 February, Identità Insorgenti
Tirrenia – Italian Navigation Company is about to close its office in the Sirignano area, Naples, to move its HQ in Livorno. Palazzo Sirignano was bought by Nunzio Colella, from Capri Group, in 2017 to convert it into a five-star hotel covering about 17,000 Sq m. Works will take approximately two years.
Source: Identità Insorgenti
Translator: Cristina Ambrosi
19 November, Il Denaro
Gabetti reports that, in the first nine months of 2020, property prices on the Naples real estate market have remained stable (-0.3%) compared to 2019, although transactions declined by 28.1% from the same period.
Posillipo and Chiaia are still the most expensive parts of the city with prices between 5.500-6,200 euro/Sq m, while prices in the Old Town are set between 2,600 – 2,750 euro/Sq m. Finally, the areas of Materdei Vecchia, Sanità, San Lorenzo, Vicaria and Mercato report lower prices ranging from 1,725 to 2,200 euro/Sq m.
Source: Il Denaro
Translator: Cristina Ambrosi
13 May, Tecnocasa
Tecnocasa reports that investments in rental properties had risen from 18.5% to 25% over the previous five years in all the major Italian cities. Naples registered the most significant increase, having rental properties gone from 28.9% in 2014 to 42.9% in 2019. Milan confirms being a very dynamic market, with purchases increased from 15.3% to 26.1%.
Investments had also grown in Verona (from 23% to 30.8%) and Rome (4.5%), thanks to their popularity as tourist destinations. Purchases had increased in Palermo, especially in the area around the university (from 23.4% to 26.8%). In Turin, rental properties had risen from 17.3% to 25% targeting mostly students, workers and tourists.
Source: Tecnocasa
Translator: Cristina Ambrosi
30 April, Il Denaro
Tecnocasa reports that property transactions in Naples decreased by 2.2% in the second part of 2019 compared to the same period of 2018, while prices increased by 2.2%. The decline amounted to 2.4% if we consider the whole year, which corresponds to over 7,400 property transactions.
Naples old town represents an exception since the area registered a spike of the demand for tourist rentals. Rents to students and healthcare professionals also reported good results with two-room apartments costing around 500-550 euro a month.
Source: Il Denaro
Translator: Cristina Ambrosi
30 January, Il Denaro
The Naples residential market closed 2019 with 5,487 transactions, reporting a -1% decline for the same period of the previous year. Despite that, sales for new houses in Naples grew by 4.8% from 2018, reporting a 0.5% increase in prices (3,950 euro/Sq m). However, new constructions represent only 5.5% of the market, and prices are 35% higher than dated properties.
Source: Il Denaro
Translator: Cristina Ambrosi
27 January, Il Sole 24 Ore
The construction works have started for Maximall in Torre Annunziata, close to the ancient city of Pompei. IregnRe is in charge of the requalification project, which also implies the promotion of the territory and its culture. The investment amounts to over 170 million euro, covering a 200,000 Sq m surface. The shopping mall will offer about 130 shops, a Marriott four-star hotel, a cinema and conference centre, and 30 restaurants. It will be surrounded by 50,000 Sq m of public park. The inauguration is expected by the end of 2021. IrenRe forecast 12 million visits and a 350-million turnover in the first year.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi
17 January, Il Fatto Vesuviano
The project for Maximall Pompeii has been recently presented, and the construction works are expected to start soon. Located between Scavi and Torre Annunziata, the shopping centre will rise in the proximity of the ancient city of Pompei and will be offering over 200 brands and 30 restaurants and cafes.
Source: Il Fatto Vesuviano
Translator: Cristina Ambrosi
03 January, Idealista
In its list of the best European cities to invest in 2020, Forbes also included Naples. Very popular among tourists, property transactions in the city registered a 15% increase the last year, while prices stayed relatively low. The city also benefits from the proximity with Rome, as well as with the islands Capri and Ischia.
Source: Idealista
Translator: Cristina Ambrosi
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