Let’s analyse the Fimaa and Nomisma report about the Italian second homes market.
On August 1st, the press conference for the presentation of the Osservatorio Nazionale Immobiliare Turistico 2018 addressed to the Italian second or holiday homes market was held in Rome. It has been realized by the FIMAA-Confcommercio (Federazione Italiana Mediatori Agenti d’Affari-Agenti immobiliari, Mediatori creditizi, Mediatori merceologici e Agenti in attività finanziaria) and NOMISMA, an economic studies company.
The report underlined two very interesting data: the increasing of the second homes sales and purchases number and the stability of their prices.
Sales and purchases
2017, compared with 2016, has closed with a +3,5% of the sales. The most requested locations? Lakes. Lose their traditional and usual lure the sea and mountain destinations, where the second homes market registered a -4,3%.
Prices
According to Fimaa-Nomisma, from 2014 to the first six months of 2018, the average prices to purchase a second home in one of the 13 most famous Italian holiday destinations have decreased: from the -2,5% of Anacapri (especially for the new of prestigious buildings) to the -19,4% of Forte Dei Marmi. Talking about the average prices of the “top” ones, Santa Margherita Ligure positions itself at the first place: here, indeed, the sqm price is of 13.000,00€. Then, there are Capri – 12.800,00€/sqm – and Forte Dei Marmi – 12.700,00€/sqm.
From the sea to the mountain, where the famous Madonna Di Campiglio, Courmayeur and Cortina D’Ampezzo registered prices per square meters between 10.800,00€ and 12.400,00€.
Stationary situation, instead, the one of San Giovanni Rotondo, Ostuni, Peschici, Manfredonia and Vieste (Apulien), where the second homes prices did not change.
Buyers
The 81% of the second homes buyers are Italians. The reason of the purchase: 63% personal use, 16% investment, 21% personal use and investment.
If you want to purchase or sell a prestigious property choose Great Estate! Contact our offices or visit our website.
Related articles:
Real Estate Values for Second Homes in Italy: growth or contraction?
Real Estate Values for Second Homes in Italy: when can we expect a real recovery?
Second homes: who are the buyers?
