After a sustained period of price falls, recovery is evident in Rome’s historic centre
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What is the outlook for Rome's residential property market?
Rome’s popularity as a tourist destination, along with the rise of short-let rentals, provides opportunity for home owners
"Following some slight growth in rental values for prime offices in 2010 for Milan’s Central Business District (CBD), from €460 per sq m per year in Q4 2009 to €500 per sq m per year in Q4 2010, Savills expects prime office rents to remain stable throughout 2011. The international real estate advisor predicts in its latest office report that any rental growth will be in the submarkets where demand is more evident."
" “2010 has confirmed some strong market indicators, notably with take-up 35% up on 2009. Overall rents should remain stable in 2011 with some edging up in submarkets where demand is most evident”. "
" “Q3 2010 presented some strong indicators, with good take-up levels. Despite a slight edging up in prime CBD rents, the indicators did not translate into an increase in average rental levels. Occupier preference for new or fully refurbished premises confirms the focus on quality of space and location.” "
" “Healthy market indicators for Q2 2010, especially for the prime sector, confirm the constant need in Milan for high quality premises. Although a positive trend cannot be confirmed we expect occupier and developer activity to continue in this segment of the market”. "
" Holiday home ownership in the Alps has grown as the ski industry has expanded, with rising numbers of ski travellers supported by factors such as the rise in low-cost airlines. The growing popularity of Alpine homes has put upward pressure on prices, raising the attractiveness of property investment. "