Market Report Sicilia 2017

Page 39

if in worst positions. Conversely, central or prime positions, that is, with a panoramic/sea view, can increase the value of the property by 40% if compared to the same assets that lack these features. Balconies or terraces amount for a 20% increase, while garages or parking spaces are a +15%. Over the last 24 months, the top prices recorded in the area reached €5,000 per square metre in Ortygia for properties in excellent positions. Outlook As far as 2018 is concerned, Engel & Völkers foresees a general rise in sales, accompanied by a price increase for excellent-position properties. Good- and discreetposition properties, on the other hand, shall record stationary prices.

Siracusa • Prime Market Average Rental Fees for State of Maintenance and Location Quality (€/sqm/year) Source: Engel & Völkers 39


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