The disappointment for the ten years of real estate crisis that has eroded the values of the residential brick today leaves room for a return of interest, for the first home and for the investment. The first house today changes with a more contained expense given the drop in prices in the area, a drop that has created buying opportunities. On the investment front, after decades of disaffection, we return to evaluating the purchase to make the property income.
Trends stimulated by low interest rates that make mortgages increasingly attractive. “Once the purchase of the first house was the first investment choice of young people, today instead even parents no longer buy the house for their children – who want to travel, study and work abroad – and therefore have liquidity to invest – says Mario Breglia, president of Real Estate Scenarios -. Demand is penalized by the old stock of residential properties on the market. For the new, little more, the problem does not arise: the demands are high ».
The investment, selected and aimed at specific locations and quality properties, is made interesting by the returns and the possibility of a minimal revaluation. Looking at the table drawn up by Real Estate Scenarios for Il Sole 24 Ore, we can see that prices in the center of Milan will rise by 2.8% in 2020 and by 3.8% in 2021. Prices that today are around a minimum of 5,200 euros per square meter and 11,450 euros. The values drop in the semi-center (3,200-6,150 euros per square meter) and will revalue here by 2% and 2.9% this year and in 2021. Interesting revaluations (above 2.5%) also in the center of Florence and in the the center of Bologna.
Breglia stresses that the phenomenon of income investment is new for Italy, which has been abandoned for a few decades and today represents 10% of the market. “You buy it to put the leased ‘ to partment to students or tourists, the latter clearly increasing,” says Breglia. The data are even higher in the Tecnocasa surveys: even if the purchase of the main house prevails (74.6%), the investment sales reach 18.8% of the total, while the purchase of the holiday home stops at 6.6% per cent.
Francesco Totti Spa: the secrets of the captain who does not score in business as on the pitch
A phenomenon that has transformed the face of our cities, such as Venice and Florence, but lately also Milan, where the search for a two-room apartment has become a hunt without neighborhood. So much so that some Municipalities are thinking of introducing restrictive rules on short rents, as happened in Barcelona and in other cities of the world stormed by buyers and tourists.
In this panorama even neighborhoods that were once considered peripheral find an appeal, because for some tourists there is no difference between sleeping in Rome, Trastevere or Tiburtina, if the price to pay in the latter area is much cheaper . “And those who buy manage to have a pension supplement, given that generally the yield is around 4-5% per year” concludes Breglia.