While more than 400,000 out-of-town students are preparing for the new academic year in big Italian cities (according to data from Miur from 2016/2017), the impact of this onslaught on property prices is becoming clear, especially in neighbourhoods near universities.
This big rise comes mainly from
Average prices of second-hand homes in Italy fell by 0.7% month-on-month in August, to an average of 1,780 euro per square metre, according to the idealista housing price index.
This decline is slightly lower than the 1.1% drop recorded in August 2017, while the year-on-year decline is 2.2 percenta
When you decide to buy a house abroad, there are many factors to take into consideration like the location, the level of comfort in terms of work and family and the average price per square metre or square foot of real estate in the place we are looking at.
In Italy, then, what are the cheapest des
From the south to the north of the Italian peninsula, houses that would otherwise be abandoned or destroyed are being sold by private individuals or by municipalities for the symbolic price of one euro.
From the beginning of the crisis of 2008-2009 until today, the real estate market has gone through a series of cycles that can be understood pretty well by looking at the trend in housing prices.
The prices of second-hand houses continued to decline in Italy during the month of February 2018, with a decrease of 0.3%, which puts the average price at 1,806 euro/m2 (100 euro/sq ft).
Prices of second-hand homes in Italy fell 0.6% in January, with an average of 1,810 euro/m2 or 168 euro/sq ft. According to idealista’s market details, the trends are still pretty negative.
Before…
The Property Bubble: From 2000 to 2008, property prices rose 85% until in that last year they began to fall thanks to the global economic crisis. Prices continued falling for a full 8 years, dropping about 17% until 2016.
Are you paying a fair price for your home in the sun, or is the owner punching above their weight with the asking price? Try using these 5 parameters to find out…
1.
As you might have expected, life in Italy is very cheap. Nevertheless, it is important to spend some time assessing the cost of living before you decide to buy a property in Italy, whether you plan to live there or just want to buy a holiday home.