Rome, Italy – The luxury residential real estate market in Rome is currently vibrant, characterized by sustained demand, especially for renovated properties in the city center and neighboring areas. But what are the specific prices in the most prestigious areas? A detailed analysis from the “Market Report Italia 2025” by Engel & Völkers Italia, in collaboration with Nomisma, sheds light on these dynamics.
Prime Areas and Pricing in Rome’s Luxury Market
According to the report, the most prestigious areas are concentrated in the historic center and adjacent neighborhoods such as Prati, Parioli, and Pinciano, as well as Eur in the southern quadrant. In these prime locations, the average prices for renovated homes reach 7,500 euros per square meter, with peaks exceeding 10,000 euros per square meter for exceptionally prestigious properties.
First and Second Home Acquisitions
For first-home buyers, the most sought-after areas are central and semi-central, characterized by excellent connectivity, green spaces, and parks. Notable among these are Trieste-Nomentano, Prati, Balduina, Eur, and San Giovanni, where average prices range between 4,500 and 6,500 euros per square meter.
Conversely, for second homes or holiday properties, the historic center, Rioni Monti, Trastevere, and areas adjacent to the center and the Vatican are the most coveted. Investors, on the other hand, show a particular interest in residential zones and areas near university hubs.
Sales Times and Discount Rates
The report also highlights that the fastest sales times are recorded in San Giovanni, Garbatella Ostiense, Pigneto, Città Giardino, Nomentano, and Trieste, with an average of two months, particularly for two- and three-bedroom apartments. The average discount on the initial asking price is reduced in the center and in the most prestigious areas, ranging between 4% and 12%.
Investment Purchases and Banking Credit Access
From an investment perspective, the centrality of the property and good accessibility to transport services are key advantages for investors. The historic center, along with Rioni Monti and Trastevere, and areas immediately surrounding the center and the Vatican, command higher demand due to their tourist appeal.
Analyzing access to banking credit, the report indicates that it varies depending on the area and type of property. Loan percentages fluctuate from 50% in areas like Trastevere and Testaccio to 80% in Prati, North Rome, and Eur.
Demand Drivers and Emerging Trends
Demand is primarily concentrated on renovated homes, with a significant focus on properties offering livable outdoor spaces and a garage, which is considered a ‘must-have’ for high-end properties. There is also a growing interest in properties with high energy efficiency.
Furthermore, there is increasing demand for areas such as Trastevere, Testaccio, Pigneto, San Lorenzo, Garbatella, and Ostiense, which appear to confirm new emerging trends in the market. Foreign demand is particularly significant in the city center, accounting for 30% of the total, while its incidence is more contained in other areas.
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