The Areas Outside the Historic City Centre
Rome’s prime market is based on the Historic Centre and on the broad neighbourhoods surrounding it: Parioli, Prati, Trionfale-Vaticano, Gianicolense, Ostiense, San Giovanni and EUR. The most valuable areas are the Historic Centre, Parioli, Prati and EUR area, which, although quite distant from the centre, is still a valuable area under every aspect
65 to 110 sqm. The most sought-after area is Monteverde Nuovo, albeit a growing interest is being recorded also for Portuense’s area. Foreign demand is slightly increasing thanks to the interest of Northern American investors. In prime locations, the average selling time amount to 4 months, whereas the leasing one to 2 months. Trionfale-Vaticano
Parioli In the Parioli, Trieste and Nomentano areas, the purchase demand both for small-sized, for-investment-purposes’ assets and three/four-room apartments for households increased. The main purchase reason is the use as first home. Small-sized properties purchased as an investment include one and two-room apartments located in areas with specific commercial characteristics and near to the public transports’ network. The Demand is mainly Italian, albeit there’s a stable foreign share fostered by diplomatic and Northern European clients. In prime locations, the average selling time amount to 4 months, whereas the leasing one to 2 months. Prati The neighbourhood has always been the most soughafter one for the prime market, both as a reservoir of first homes and for investment purposes, even if, starting from 2019 H1, a slight slowdown has been recorded. Buyers with a medium-to-high budget, the most attractive areas are Prati and Vigna Clara; the former is well-connected via the subway to the rest of the city and is lively from a social and cultural point of view, whereas the latter is more residential and boasts properties of recent construction and with external spaces. The demand is mainly focused on properties to be used as first home, more specifically with three rooms and external spaces, for a total of 100-130 sqm. The purchase of a house for investment purposes is less frequent (5-6%) and it is focused closer to subway stops and on two-room apartments of 60-80 sqm. In prime locations, the average selling time amount to 6 months, whereas the leasing one to 3 months. Gianicolense Despite the sales contraction recorded in Q1, in Q2 the Gianicolense neighbourhood recorded a recovery. Demand is mainly focused on first homes ranging from
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Market Report • Milan & Rome H1 2019
At the beginning of 2019, the demand was stationary. The most sought-after areas were Balduina, Gregorio VII and Circonvallazione Trionfale. The only demand (Italian) is solely focused on purchasing a first home, including in its scope also properties that need to be renovated or that can be adapted to its needs. The interest for the higher part of the Balduina is increasing, too, close to the Pineta Sacchetti park, near the Gemelli Polyclinic. In prime locations, the average selling time amount to 3 months, whereas the leasing one to 2 months. San Giovanni Demand and sales are increasing in all the neighbourhood, especially concerning two and three-room apartments, mostly requested by national buyers interested in purchasing a first home. The most sought-after areas are still Re di Roma, Caffarella, San Giovanni and Appio Latino, favoured by the better position if compared to the rest of the city. San Giovanni, being a soon-to-beupgraded area, has a lot of potential, especially from a residential point of view, thanks to the rehabilitation and upgrading of some areas. In prime locations, the average selling time amount to 3 months, whereas the leasing one to 3 months. EUR Overall, sales are growing and prices are stationary, if not still decreasing, in the neighbourhood. The most soughtafter areas for investments are the central ones, while, as far as the purchase of a first home is concerned, Torrino Mezzocammino and the surrounding areas neighbouring the EUR are mostly favoured. In prime locations, the average selling time amount to 6-8 months, whereas the leasing one to 2 months. In areas such as Ostiense, Marconi and San Paolo, investments in small/mediumsized assets (two and three-room apartments) are sharply rising thanks to the proximity to the Universities of the