The love for brick knows no crisis. Over the last three-four years, Italians and others have shown a preference for purchasing properties over other forms of financial investment. The negative conditions of the stock market and a series of disappointments that have hurt savers have diverted liquidity to the sector.
But where to invest now that prices are skyrocketing and the real estate boom has reduced supply on the market? It is not only the first home that attracts investors, but also the purchase of properties to rent. In order not to lose further capital on the stock market or to not leave the liquidity parked in the bank, without obtaining a return, many choose to buy a second apartment with the intention of renting it. But how to choose the most profitable markets? Cities of art could be hunting grounds. Siena, Florence, Rome, but also Venice and Perugia, for example, guarantee constant influxes of tourists which translate into rental requests. The data on tourism, in fact, confirm the interest in Italy even if the flow was in slight decline in 2003, due to the fear of terrorism, Sars and in some cases the strong euro. But partially compensating for the decrease in American or Asian tourists are the Russians and Italians themselves, more interested in trips or cultural trips. Not only that. In these cities, renowned university centers, there is a high demand for rentals from Italian and foreign students.
More than one Italian out of three therefore aims to buy a house as an investment, as Ilario Toscano, president of the Toscano Group, confirms. , explains Toscano. It is therefore foreseeable that for 2004 the increase in the value of properties will be around 5-6%, a value double that of inflation for the same period, estimated at around 2.5-3 percent. For these reasons too, investment in cities of art will prove profitable. , concludes Ghisolfi. Also according to Tecnocasa data, in the last year the properties in these cities have appreciated and those rented have given the owners a good return. But here, in the articles on this page, city by city, the prices and the market situation. THE RANKING Ranking of the % variation in average residential sales prices Capital March 2004/ March 2003 Pos. Variation. % 1 Venice 9.1 2 Verona 9.0 3 Milan 8.8 4 Bolzano 8.7 Naples 8.7 6 Bologna 8.5 Florence 8.5 Rome 8.5 9 Turin 8.2 Trento 8.2 11 Brescia 8.1 12 Lecce 7.7 13 Aosta 7.5 Bari 7.5 Genoa 7.5 Palermo 7.5 17 Cagliari 7.3 18 Ravenna 7.2 19 Alessandria 7.1 20 Ferrara 6.9 21 Ancona 6.8 Arezzo 6.8 Cremona 6.8 Perugia 6.8 Piacenza 6.8 Rimini 6.8 27 Lecco 6.7 Lucca 6.7 Modena 6.7 30 La Spezia 6.6 Lodi 6.6 Nuoro 6.6 33 Bergamo 6.5 Catania 6.5 Chieti 6.5 Como 6.5 Padua 6.5 38 Livorno 6.4 Reggio Emilia 6.4 Treviso 6.4 41 Frosinone 6.3 Messina 6.3 Pistoia 6.3 Rieti 6.3 Salerno 6.3 46 Imperia 6.2 Matera 6.2 Parma 6.2 Pavia 6.2 Pesaro 6.2 Vicenza 6.2 52 Forlì 6.1 Massa 6.1 Potenza 6.1 55 Enna 6.0 L'Aquila 6.0 Latina 6.0 Mantua 6.0 Pisa 6.0 Siena 6.0 61 Asti 5.9 Sondrio 5.9 Trieste 5.9 Varese 5.9 65 Agrigento 5.8 Avellino 5.8 Cuneo 5.8 Gorizia 5.8 Savona 5.8 Vercelli 5.8 71 Pescara 5.7 Viterbo 5.7 73 Belluno 5.6 Biella 5.6 Cosenza 5.6 Novara 5.6 Pordenone 5.6 Taranto 5.6 79 Grosseto 5.5 Rovigo 5.5 81 Ascoli Piceno 5.4 Ragusa 5.4 Udine 5.4 84 Reggio Calabria 5.3 85 Prato 5.2 Terni 5.2 87 Sassari 5.1 Syracuse 5.1 89 Campobasso 5.0 90 Benevento 4.9 Caserta 4.9 Macerata 4.9 93 Isernia 4.8 Oristano 4.8 Teramo 4.8 Vibo Valentia 4.8 97 Brindisi 4.7 98 Crotone 4.6 99 Foggia 4.5 Trapani 4.5 Verbania 4.5 102 Catanzaro 4.4 103 Caltanissetta 3.8 Average Italy 6.2 Source: Scenari Immobiliari
source: Il Sole 24 ore
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