Real estate investments in Italy in the period of the coronavirus

Italy became the first European country to be hit by the Covid-19 pandemic. A full blockade was introduced across the country on 10 March. The attention and concern of other countries around the world turned to Italy, but soon a similar scenario occurred in all European countries. The isolation lasted three months. Extremely sociable people by temperament, who usually spent a lot of time outdoors due to the warm climate, found themselves locked in four walls. Such restrictions and psychological pressures could only influence the conscience of the Italians.

The pandemic did not spare the Italian real estate market

The statistical agency Nomisma and Scenari Immobiliari have published the following data for 2020:

  • In 2020, the number of transactions for buying and selling real estate decreased by 14% and during the 2012 crisis, they fell by more than 24%! Taking into account that from March to June, the market practically froze!

The requests for more spacious apartments with balconies and terraces, as well as country houses have increased. So, prices remained stable and even increased slightly for new A + housing.

So, what’s the best place to invest after a freeze?

  • The properties in the historic center of Rome and Milan remain in demand and liquid, especially penthouses
  • Villas and terraced houses by the sea
  • Apartments, chalets in ski resorts
  • Apart-hotel
  • New energy class A + homes in the suburbs or small towns with convenient accessibility to transport and developed infrastructures