The Real Estate Market in Piedmont
Real estate market, prices rise in Turin: the quotes by district
Torino Today - 7 Luglio 2024
"4,880 trades, a decrease of 7.7% compared to 2022 and a general price increase of 2.7%. This is taken over by the 2023 Real Estate Observatory, led by the estate agents belonging to Fiaip Torino (Italian Federation of Professional Real Estate Agents).
A course that is analogous also in the rest of the province where with 19,343 transactions a decrease of the 11.2% and a light increment of the prices of the 1.5% is recorded. Overall in Turin there are 34,223 trades concluded in the year with -9.7% compared to the previous year.
"A good number of trades and rising prices show a still dynamic and healthy market. Despite the decrease in transactions, prices in 2023 are rising, with greater increases in the capital than in the outside. A constant and slight rise that characterizes the Turin market in recent years", comments Claudia Gallipoli, president of Fiaip Torino.
The values of the houses see increases in the average price per square meter in all areas. The most significant increases are in the semi-central areas, such as Sao Paolo, Parella, Cenisia, Santa Rita, Pozzo Strada, San Salvario and Aurora, but also some suburban districts record increases in value as Lingotto, among the highest in percentage terms, Mirafiori South and also Barrier of Milan, which marks a slight increase. Increases brought about by improved infrastructure in some micro-areas or sub-areas...."
Turin, the real estate market is picking up speed. Here are the prices in the city
With the momentum in transactions, house prices have also started to rise again: an average increase of 1.5% for Turin, and +1% for the municipalities in the province.
Corriere della Sera - May 12, 2022
"With the momentum in transactions, house prices have also started to rise again: an average increase of 1.5% for Turin, while +1% for the municipalities in the province. Hit but not sunk. In fact, the pandemic is already a distant memory. This is the snapshot summarizing the report from the Fiaip Observatory regarding the real estate situation in Turin and its province. In 2021, the property market recorded 36,860 transactions, marking a +31.5% compared to the previous year..."
The real estate market is growing in Piedmont
Over 34,000 property transactions in six months, increasing number of transactions, decreasing average size.
Rai News - September 25, 2022
"In the first six months of 2022, property transactions reached 34,800, which is 6.3% higher compared to the same period last year. According to data from the Italian Federation of Professional Real Estate Agents (Fiaip), the surge in transactions was particularly notable in the first three months, which saw an increase of up to 10%. However, due to uncertainties stemming from the international context and the energy crisis, there has been a significant slowdown since then."
Turin sets record as the third largest city in Italy for the real estate market.
National report from the Fiaip observatory: in 2021, property transactions increased by 28%
La Stampa - May 12, 2022
"TORINO. Ceux qui avaient en tête l'investissement de leur vie arrivent tard, les prix sont à la hausse. Malgré la crise sanitaire, les vents de guerre et l'inflation, qui découragent la consommation mais favorisent les investissements, c'est un moment propice pour le marché immobilier de Turin. Selon l'observatoire des agents immobiliers Fiaip de la province (la fédération de la catégorie), 2022 devrait être encore meilleur que 2021, une année record qui a vu Turin se classer troisième parmi les villes italiennes (après Milan et Rome) pour le nombre de transactions immobilières : 15 224 dans la ville (+28 % par rapport à 2020) et 36 860 au niveau provincial, avec une croissance de 31,5 %...".."
