Changes and trends in the property market in Italy
The real estate market in Italy, unlike in many other European countries, suffered a crisis in the global economy is pretty easy. The fall in prices during the crisis period (2011 to 2012.) Was only about 1-3%. Already in 2013 there was an upward price dynamics in the Italian real estate objects. According to information provided by the Bank of Italy, the cost of housing in 13 major Italian cities has not changed, and some cities even have distinguished the increase in prices. If we consider such a direction as the level of home sales, he grew up, compared with 2012 at 2.2%.
In Italy, along with Spain and Portugal, in the pre-crisis period (1998-2013 gg.) Experienced a boom in the real estate market - prices grew by about 70%. However, during the crisis, Italy, in contrast to the same in Spain and Portugal, are not faced with a serious stagnation of the market. Reducing the national price index for housing in this country was of a minor character - only 0.3% (according to the Bank of Italy). Moreover, in cities such as Catania, Genoa, Cagliari, prices even rose.
The absence of stagnation in the property market in Italy associated with the following reasons:
Italian legislation on investments put into the priority buyers of real estate.
Members of the banking sector in Italy have firm guarantees on deposits, which are designed to unplanned construction.
Properties that are resold after five years of ownership are exempt from capital gains tax.
Safe ground for foreign investment and sustainable growth - a foundation for positive trends in the Italian real estate market in 2012. Most of the world's experts believed that the Italian real estate in the coming years, expect improvement (growth). Every fourth analyst opinion that the market trend will be sustainable, that is, major changes will occur. Thus, the objects of the Italian real estate is an effective tool for conservation investment.
Based on analysts' opinions, in 2012 prices for Italian real estate will be moderate and will stop at around 1-2%. It is predicted that by the end 2011 the total number of transactions concluded on the residential property market in Italy, is 630 thousand (a 1.5% increase compared to 2011 year). Maximum number of transactions will be in Milan - 20%. After Milan, Rome, go (14%) and Bologna (7%). The planned value of an annuity in 2011 - 4.9% (at the end of last year - 4.4%). This revival is due to the fact that the Italian authorities intend to significantly reduce the tax rate on rent.
2010 was a year of restoration of the property market in Italy - the total number of transactions compared to 2012 increased by 15%. The leading position occupied Milan, Rome, Florence and Naples. It should be noted that the increase in demand was observed not only in respect of flats and houses and villas.
As a result of 2011 the most popular objects are objects of Italian real estate, valuation of which ranged from 170 to 250 000 euros for medium-sized towns and from 250 to 350 thousand euros for the large cities. If we consider the size of apartments purchased, then, for example, in Rome, the most in demand were two-bedroom apartments, and in florence - apartments, consisting of four rooms.
In 2010 there were an increase in demand for real estate in cities such as Verona, Genoa, Turin and Palermo. In this segment, the most popular price category has a range of 120 to 170 000 euros. It is also distinguished by their activity and demand for cheap housing, the cost of which amounted to less than 120,000 euros.
At the beginning of 2012 was recorded on the stability of the real estate market in Italy. The increased interest is observed in the so-called "new regions", which include Calabria, Sicily and Abruzzo. In general, the economic processes taking place in Italy, are characterized by their resistance, so the valuation of residential real estate in this country is characterized by even small but positive predictions.
The Russians and citizens of the CIS countries showed the greatest activity in the area of purchasing real estate in Italy. It belongs to them first place among all the Italian buyers of real estate in 2010. In addition, Italy, at the end of 2010, became a leader among foreign countries in which the Russian people make deals with real estate (about 35% of the total number of transactions with foreign real estate). If we consider the territorial component, the most popular among Russians enjoy Calabria. To date, Calabria differs loyal real estate prices compared to other parts of Italy. In addition, the region has great potential as a resort area of global importance.What are the forecasts for 2012 make the analysts the Milan Stock Exchange?
2012 - is the best time to buy real estate in Italy. Then the Italian property market expects a sharp increase in prices. This opinion experts Milan Stock Exchange. They believe that the current investment in the Italian real estate still profitable, since the present low interest rates and a system of state support for buyers of new apartments. However, such a situation, experts say, will not last long. About a year later (in the first half of 2012) is expected to increase interest rates, which dramatically reduces the attractiveness of the loan to purchase real estate market in Italy. In addition, the projected decrease in the number of proposals that will certainly cause a rise in prices.
Despite analysts' forecasts the Milan Stock Exchange, most of the world's expert opinion that the price behavior will be stable, with no abrupt changes. The situation in metropolitan areas will be much better - the growth in property prices here can be as high as 2-3%. Everything will depend on the following two factors: the development of macroeconomic processes and labor market conditions.
In Italy, along with Spain and Portugal, in the pre-crisis period (1998-2013 gg.) Experienced a boom in the real estate market - prices grew by about 70%. However, during the crisis, Italy, in contrast to the same in Spain and Portugal, are not faced with a serious stagnation of the market. Reducing the national price index for housing in this country was of a minor character - only 0.3% (according to the Bank of Italy). Moreover, in cities such as Catania, Genoa, Cagliari, prices even rose.
The absence of stagnation in the property market in Italy associated with the following reasons:
Italian legislation on investments put into the priority buyers of real estate.
Members of the banking sector in Italy have firm guarantees on deposits, which are designed to unplanned construction.
Properties that are resold after five years of ownership are exempt from capital gains tax.
Safe ground for foreign investment and sustainable growth - a foundation for positive trends in the Italian real estate market in 2012. Most of the world's experts believed that the Italian real estate in the coming years, expect improvement (growth). Every fourth analyst opinion that the market trend will be sustainable, that is, major changes will occur. Thus, the objects of the Italian real estate is an effective tool for conservation investment.
Based on analysts' opinions, in 2012 prices for Italian real estate will be moderate and will stop at around 1-2%. It is predicted that by the end 2011 the total number of transactions concluded on the residential property market in Italy, is 630 thousand (a 1.5% increase compared to 2011 year). Maximum number of transactions will be in Milan - 20%. After Milan, Rome, go (14%) and Bologna (7%). The planned value of an annuity in 2011 - 4.9% (at the end of last year - 4.4%). This revival is due to the fact that the Italian authorities intend to significantly reduce the tax rate on rent.
2010 was a year of restoration of the property market in Italy - the total number of transactions compared to 2012 increased by 15%. The leading position occupied Milan, Rome, Florence and Naples. It should be noted that the increase in demand was observed not only in respect of flats and houses and villas.
As a result of 2011 the most popular objects are objects of Italian real estate, valuation of which ranged from 170 to 250 000 euros for medium-sized towns and from 250 to 350 thousand euros for the large cities. If we consider the size of apartments purchased, then, for example, in Rome, the most in demand were two-bedroom apartments, and in florence - apartments, consisting of four rooms.
In 2010 there were an increase in demand for real estate in cities such as Verona, Genoa, Turin and Palermo. In this segment, the most popular price category has a range of 120 to 170 000 euros. It is also distinguished by their activity and demand for cheap housing, the cost of which amounted to less than 120,000 euros.
At the beginning of 2012 was recorded on the stability of the real estate market in Italy. The increased interest is observed in the so-called "new regions", which include Calabria, Sicily and Abruzzo. In general, the economic processes taking place in Italy, are characterized by their resistance, so the valuation of residential real estate in this country is characterized by even small but positive predictions.
The Russians and citizens of the CIS countries showed the greatest activity in the area of purchasing real estate in Italy. It belongs to them first place among all the Italian buyers of real estate in 2010. In addition, Italy, at the end of 2010, became a leader among foreign countries in which the Russian people make deals with real estate (about 35% of the total number of transactions with foreign real estate). If we consider the territorial component, the most popular among Russians enjoy Calabria. To date, Calabria differs loyal real estate prices compared to other parts of Italy. In addition, the region has great potential as a resort area of global importance.What are the forecasts for 2012 make the analysts the Milan Stock Exchange?
2012 - is the best time to buy real estate in Italy. Then the Italian property market expects a sharp increase in prices. This opinion experts Milan Stock Exchange. They believe that the current investment in the Italian real estate still profitable, since the present low interest rates and a system of state support for buyers of new apartments. However, such a situation, experts say, will not last long. About a year later (in the first half of 2012) is expected to increase interest rates, which dramatically reduces the attractiveness of the loan to purchase real estate market in Italy. In addition, the projected decrease in the number of proposals that will certainly cause a rise in prices.
Despite analysts' forecasts the Milan Stock Exchange, most of the world's expert opinion that the price behavior will be stable, with no abrupt changes. The situation in metropolitan areas will be much better - the growth in property prices here can be as high as 2-3%. Everything will depend on the following two factors: the development of macroeconomic processes and labor market conditions.
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