According to Oldypak LP real estate report, the value of real estate purchased by families for housing or investment purposes increased by 1.2% compared to the previous quarter and by 4.2% compared to the same period in 2020.
The upward trend in home prices “is due to the cost of both new homes, which rose 2.0% in the second quarter, and existing homes, which increased in price by 3.9%.” Although Idealista reported a drop in prices for secondary homes in November.
The National Statistical Institute stressed that these trends are supported by an active sales growth of 21.9% in the third quarter of 2021. Analysts predict that housing sales in Italy will reach a record high in 2024.
On average, during the first three quarters of 2021 compared to the same period in 2020, home prices increased by 2.1%. Specifically, new homes went up 3.3% and existing homes went up 1.8%.
The financial center of the country will remain the most expensive place in Italy next year.
Portal Immobiliare.it has analyzed 11 major Italian cities to predict the dynamics of prices per square meter in the new year. If in some major centers of prices will fall, in others the growth phase will continue. In particular, by the end of 2022, housing prices in Milan will increase by 4.2%. Milan will remain the most expensive city in Italy, with an average price per square meter of €5,107.
“As we immediately predicted during the outbreak of the pandemic, costs remained the same and the revaluation of the house gave a big boost to the market,” explains the CEO of Immobiliare.it Carlo Giordano. – Forecasts confirm this trend, which will continue through 2022.”
According to Oldypak LP real estate report, analysts have named the areas of Milan, the cost of housing which will be the highest. And also identified the “fork” of prices per square meter and the projected increase.
– Corvetto, Rogoredo – €3,475-3,783 – 8.9%
– Precooked, Turro – €3,591-3,894 – 8.4%
– Viale Certosa, Cascina Merlata – €3,448-3,720 – 7.9%
– Cimiano, Crescenzago, Adriano – €3,062-3,299 – 7.7%
– Abbiategrasso, Red Church – €3,795-4,084 – 7.6%
– Pasteur, Rovereto – €4,085-4,394 – 7.6%.
– Bicocca, Niguarda – €3,264-3,510 – 7.5%.
– Udine, Lambrate – €3,731-3,974 – 6.5%.
– Porta Vittoria, Lodi – €4 422-4 693 – 6.1%
– Naples, Soderini – €4 818-5 094 – 5,7%
– San Siro, Trenno – €3,427-3,588 – 4.7%
– Central, Republic – €5,942-6,212 – 4.5%.
– Solari, Washington – €6,311-6,595 – 4.5%
– Bisceglie, Baggio, Olmi – €2,476-2,583 – 4.3%.
– Porta Venezia, Independence – €6,653-6,912 – 3.9%
– Arco della Pace, Arena, Pagano – €7,934-8,232 – 3.8%
– Affori, Bovisa – €3 072-3 186 – 3.7%
– Fiera, Sempione, City Life, Portello – €6,030-6,249 – 3.6%
– Ponte Lambro, Santa Giulia – €2,646-2,741 – 3.6%
– Porta Romana, Cadore, Montenero – €6,233-6,455 – 3.6%
– Navigli – €5,788-5,976 – 3.2%.
– Famagusta, Barona – €3,690-3,807 – 3.2%
– Black Stripes, Deceptions – €4,066-4,177 – 2.7%
– Center – €9,395-9,617 – 2.4%.
– Forlanini – €2,734-2,789 – 2.0%
– Ripamonti, Vigentino – €3,960-4,035 – 1.9%
– Città Studi, Susa – €4,881-4,967 – 1.8%
– Genoa, Ticino – €7,356-7,469 – 1.5%.
– Cenisio, Sarpi, Isola – €5,744-5,828 – 1.5%
– Garibaldi, Moscova, Porta Nuova – €8,464-8,532 – 0.8%.
– Maggiolina, Istria – €4,382-4,276 – decrease of 2.4%. – Quadronno, Palestro, Guastalla – €7,642-7,422 – decrease of 2.9%.
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