What will house prices be like on mq-proiezionidiborsa.it
Property market prices will also rise next year. The increase in the value of money will be added to the increase in the cost of money due to the rate hike by the ECB. Let’s briefly see what those looking for a home can expect in 2023.
After the end of the year holidays, the searches and buying and selling of houses along the Boot will resume at full speed. In this regard, the main question for buyers is what house prices per square meter will be like next year.
According to some analyses, in 2023, market values will continue to rise, albeit at different rates and dynamics between North and South. The latest report by the Insights business unit of Immobiliare.it took care of tracing the scenario. We summarize here the key steps of the study.
What should anyone buying a house next year expect?
Insights analyzed the housing market of the main 12 Italian cities to estimate the possible trend of their prices per square meter next year. The overall judgement that comes out it is good for those who sellconsider the expectations of a stability or rise in values.
Let’s look at the urban centers of our sample in detail and see the expected forecasts per square meter with the relative variations between October 2023 and October 2022. The Immobiliare.it 2023 outlook provides the following:
- Bari: 1,962 euros/sqm, +2.8%;
- Bologna: 3,419 euros/sqm, +3.9%;
- Catania: 1,232 euros/sqm, –0.1%;
- Florence: 4,184 euros/sqm, +1.4%;
- Genoa: 1,674 euros/sqm, +4.5%;
- Milan: 5,339 euros/sqm, +2.9%;
- Naples: 2,696 euros/sqm, –1.5%;
- Palermo: 1,310 euros/sqm, –1.0%;
- Rome: 3,360 euros/sqm, +0.7%;
- Turin: 1,979 euros/sqm, +1.5%;
- Venice: 3,090 euros/sqm, –0.3%;
- Verona: 2,563 euros/sqm, +3.2%.
Venice and housing costs-proiezionidiborsa.it
What will house prices per square meter be like next year in the main cities of Italy?
The data analysis highlights first of all the presence of absolute values generally higher in the Centre-North than in those of the cities of South. As if to indirectly testify to the higher cost of living and/or the greater and more dynamic demand for houses in these areas.
Secondly you notice how 3 of the 4 minus signs are associated with Southern cities, which is struggling to get out of the stagnation situation. On the other hand, in the cities of the North the market and values will strengthen even more in the new year.
What to expect next year on the real estate market?
The rise in values could weigh on future traded volumes. In fact, when the price increases, the demand generally decreases. Also because in 2023 it is expected to rise another essential component of the housing market, the cost of money.
In the end there will be two other variables all to decipher in course of 2023. The first concerns whether, and by how much, the building bonuses will affect real estate demand.
Building bonuses on real estate demand-proiezionidiborsa.it
The second pertains to GDP dynamics, considering the positive relationship between the two macroeconomic variables. When national wealth rises, and therefore the employment rate, so does the demand for apartments. The opposite happens, however, when that greatness cracks.
