In the city they like it small. In 2003, in fact, it was the smaller-sized apartments that received the highest popularity in the metropolises and, consequently, experienced the most significant price increases. On the contrary, in the smaller centers and in the cities of the Centre-South, an opposite trend emerges, with the exception of Verona which, as evidence of the high per capita income, also favors large square footages in the centre.
This, in summary, is the photograph taken by the Centro Studi Toscano, a division of the Toscano Group, which, thanks to a national real estate network, periodically monitors the real estate market.
In the overall Italian panorama, it can be observed that the prices of small-sized homes located in the center have grown by around 8% compared to last year, around 6% for medium-sized (three-room apartments) and around 5% for large ones (four rooms and above). It is no coincidence that the greatest increase was recorded precisely for one/two-room apartments: the family unit today is on average made up of two or three people and the small size still remains the most attractive as a form of investment. In Northern cities, the prices of small homes in the center have grown by around 10% in Milan, with prices averaging around 200,000 euros, and by 7% in Bologna, where a two-room apartment in the center costs on average 148,000 euros. The medium cut, which has always been the most requested, also recorded a growth in prices over the year: in Verona and Milan it was around 7%. In this rather homogeneous panorama, in the center of Turin there is a more contained price increase than in other cities, equal to 4% for a studio apartment, which on average costs 90,000 euros. For the Turin medium and large denomination market, 2003 was a year of consolidation of prices. The price of a large apartment increases in the center of Verona by 8%, which expresses the high per capita income of this area and the strong willingness to purchase. In 2003, in the center of Rome, one- and two-room apartments showed a growth trend of around 10-15%. The three-room apartment has achieved growth of 12% with prices per square meter around 6,000 euros. Florence records a slight growth in prices in one- and two-room apartments, equal to 2% and with an average price of 193,000 euros, and stability in medium and large sizes. A reflection on the data recorded in Rome leads us to consider that the same phenomenon occurs in the capital as in the large cities of the North: the greatest attention on the part of buyers is directed at the medium/small size. Moving towards the large cities of the South, we observe that in Bari and Naples the prices of average apartments in the center are slightly growing compared to 2002 with prices ranging between 175,000 euros in the Apulian capital and 193,000 euros in the Campania capital. The capitals of the large islands deserve a separate discussion. Both in central Palermo and in central Cagliari, one- and two-room apartments have demonstrated a certain price stability, while the positive trend concerns the large size, which in Palermo reaches prices around 218,000 euros and in Cagliari it stands at 247,000 euros.
source: Il Sole 24 ore
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