• Engel & Völkers has registered an increase in the volume of sold properties
• Popularity of new neighbourhoods grows, similar to what has happened in the historical city centre
Demand in the residential market in Rome has risen sharply in recent months. The number of sold properties in the first quarter of 2017 grew by 10.2 per cent compared to the same period last year. This rise is mainly due to the recovery of the Italian economy and the improvement of the economic forecasts for the country. "Rome and Milan have always been the most important locations in Italy with regard to the real estate market. "Currently, the Italian capital has registered the largest number of sold properties ahead of Milan and Venice," says Marco Rognini, the Managing Director of Engel & Völkers in Rome.
Small and medium-sized properties are in high demand
The large-sized properties are the ones with a greater increase in their sales. However, small and medium-sized real estate were the top sellers, reaching 54 per cent. The high quality flats and those that have undergone remodelling are the most sought after properties. The price is determined by the characteristics of the property, such as: its current condition, city view, terrace and the existence of a balcony or garden. In the first three months of 2017, the highest prices per square metre (9,500 euros) were achieved by flats located in new residential building complexes.