Real estate in Italy

In Italy, real estate
Italian real estate market is slowing price growth for the second year in a row. In 2007, the price index of 13 major megapolises the country increased by 6.1% to € 2300 per sq. km. m. to € 2417 per square meters. This is significantly lower than the growth in 2003 of 10.6% or a rise of 2004 at 8.7% and the increase in 2005 and 2006 at 7.1% and 6.2% respectively.

It should be noted that the market nearby Monaco also had a slowdown, but the realtors Malta, despite the decline in the beginning of the year, expect an increase in the property sector.
In general, it should be noted that the country's property market, after a long decline, is on the rise since 1997. Over the past ten years, the cost of property increased by the Italian 73%, which was adjusted for inflation, real growth of 48.5%.

Such an increase could not attract the attention of foreign investors, the most popular of which in 2007 were the Italian regions of Liguria, Tuscany, Northern Lakes, Puglia and Umbria. In addition, the island of Sicily is gaining popularity

According to the Italian Federation of Professional Real Estate Agents (Italian Federation of Professional Estate Agents (FIAP). The most popular among foreign buyers of property was an area of 60 sq. km. Sostavivshaya m. 80.9% of all acquisitions. It should be an area of real estate from 60 to 120 square meters. M . forming 14.7% of all queries. Zamykayut list of popular large apartment area of over 120 sq. km. pm, which wanted to see his 4.4% visitors to Italy.
Vysheoznachennoe decline in price growth in the property to a large extent due to rising mortgage interest rates, which are particularly sensitive Italian landlords. So Italian mortgage rates rose from 3.47% in 2005 to 5.48% in 2007. At the same time, 87% of all loans granted for one year under a fixed or floating rate. Only 10% of mortgage loans are for a period of ten years or more.

The constraints of growth can be attributed to high transaction costs and taxes. In addition to this constraint is the law. Last but restricts rental risks and protects the tenant but at the same time and hold back development itself rental market, but whose incomes on average in the country make up 4.5%.

The historic center of Rome may have a slightly greater rate of return to 5.3%. While Milan ownership can bring their owners from 4% to 5.3%, the Venice Housing pleased 3.8% -4.8% of revenue, but flat in Florence can replenish your coffers at 4.8% -5.8% of its value each year.
Kvadrum. Magazine

In Italy, real estate prices have slowed growth
Italian real estate market is slowing price growth for the second year in a row. In 2007, the price index of 13 major megapolises the country increased by 6.1% to € 2300 per sq. km. m. to € 2417 per square meters. This is significantly lower than the growth in 2003 of 10.6% or a rise of 2004 at 8.7% and the increase in 2005 and 2006 at 7.1% and 6.2% respectively.

It should be noted that the market nearby Monaco also had a slowdown, but the realtors Malta, despite the decline in the beginning of the year, expect an increase in the property sector.

In general, it should be noted that the country's property market, after a long decline, is on the rise since 1997. Over the past ten years, the cost of property increased by the Italian 73%, which was adjusted for inflation, real growth of 48.5%.

Such an increase could not attract the attention of foreign investors, the most popular of which in 2007 were the Italian regions of Liguria, Tuscany, Northern Lakes, Puglia and Umbria. In addition, the island of Sicily is gaining popularity

According to the Italian Federation of Professional Real Estate Agents (Italian Federation of Professional Estate Agents (FIAP). The most popular among foreign buyers of property was an area of 60 sq. km. Sostavivshaya m. 80.9% of all acquisitions. It should be an area of real estate from 60 to 120 square meters. M . forming 14.7% of all queries. Zamykayut list of popular large apartment area of over 120 sq. km. pm, which wanted to see his 4.4% visitors to Italy.

Vysheoznachennoe decline in price growth in the property to a large extent due to rising mortgage interest rates, which are particularly sensitive Italian landlords. So Italian mortgage rates rose from 3.47% in 2005 to 5.48% in 2007. At the same time, 87% of all loans granted for one year under a fixed or floating rate. Only 10% of mortgage loans are for a period of ten years or more.

The constraints of growth can be attributed to high transaction costs and taxes. In addition to this constraint is the law. Last but restricts rental risks and protects the tenant but at the same time and hold back development itself rental market, but whose incomes on average in the country make up 4.5%.

The historic center of Rome may have a slightly greater rate of return to 5.3%. While Milan ownership can bring their owners from 4% to 5.3%, the Venice Housing pleased 3.8% -4.8% of revenue, but flat in Florence can replenish your coffers at 4.8% -5.8% of its value each year.
Kvadrum. Magazine