What is the outlook for Rome's residential property market?
Prices are beginning to show signs of recovery in Rome’s centre, although it may take time for this to ripple out to the city’s periphery. Transactions are also on a gradual upward path. Prices are expected to continue to stabilise in the next year and increase in some locations, dependent on any political or economic shocks.
Recession, high levels of national debt and external headwinds within Europe all create heightened uncertainty in the economy. But, spending measures implemented by the national government are likely to provide stimulus to the economy in the near future.
Rome remains the most popular tourist destination in Italy. Properties in the city offer great potential as short-let rentals with less seasonal income than other locations throughout Italy.
Although residential development activity is increasing in Rome, prime new-build properties remain in short supply and are still able to command a premium. Transaction volumes will continue to be dominated by second hand stock in the near future.
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