Residential propery prices are higher in the Nothern Italy

According to the Weekly Real Estate News,  the latest overview of average prices in the residential market in 2011 has been published recently. The data show that Venice records the highest prices in residential transactions of city centre assets (on average Euro 9,300 per sqm), followed by Rome (Euro 8,940 per sqm) and Milan (Euro 7,800 per sqm). The values of assets located in semi central areas and peripheral areas are considerably lower: Euro 6,290 per sqm in Venice, Euro 5,250 per sqm in Milan, Euro 5,040 per sqm in Rome, and Euro 4,030 per sqm in Rome, Euro 3,960 per sqm in Venice and Euro 3,450 per sqm in Milan respectively.

In respect to geographical areas, the average prices in city centres equal Euro 3,397 per sqm in Northern Italy, Euro 3,205 per sqm in Central Italy and Euro 2,351 per sqm in Southern Italy and islands.

 

February 8th, 2012