The elite real estate in Italy has ceased to rise in price
Activity in a segment of elite habitation recently has decreased in the Italian real estate market.
Experts connect it, first of all, with the fact that the offer in elite sector is not simply limited, but it is also very specific: new “elite” real estate objects are not built yet, and buyers should be content with old and often historical objects.
In the joint report of company Tirelli&Partner and agencies of economic researches Nomisma have given the detailed analysis of situation.
In Rome activity decrease is more brightly expressed, than in Milan. During 2007 prices for business class habitation in ancient capital have grown only on 1,6 %, while in business and vigorous Milan rise in prices has made 6,7 %.
In Milan for last two years time of transaction closing has increased since 5,3 up to 7,9 months while in Rome the transaction comes to the end for 4 months. In Rome the difference between requested and final price makes 16,8 %, and in Milan - only 3,5 % (on the average on the country, for classes habitation this parameter makes 10 %).
The most expensive purchases of last quarter 2007 were 7,225 million euro in Milan and 5,8 million euro - in Rome.
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