Rome: be­low-av­er­age po­ten­tial, above-av­er­age risk

Financial Mirror (Cyprus) - - FRONT PAGE -

The mean­ing of res­i­den­tial prop­erty in Rome is much higher than in other Euro­pean cap­i­tals. Rome’s high pref­er­ence for home own­er­ship helped to foster many years of con­tin­u­ously ris­ing prices for both town houses and con­do­mini­ums. How­ever, the pe­riod of strongly ris­ing sale prices has ended for now, due to the com­pa­ra­ble sub­dued cur­rent eco­nomic sit­u­a­tion. Sim­i­lar to other Ital­ian towns, pur­chas­ing prices for home own­er­ship are drop­ping. Within the next eco­nomic cy­cle, we ex­pect de­mand for home own­er­ship, sup­ported by an im­proved in­come sit­u­a­tion, to re­cover. The out­stand­ing devel­op­ment will for now come to an end, due to the mod­er­ate pur­chas­ing price growth rate pro­jected for the com­ing years.

wolf­gang.ku­batzki@feri.de

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