Luxury Villas, Penthouses and Properties for Sale in Italy | Luxforsale

Luxury real estate market trends fluctuate. There may be extended periods of positivity followed by stagnant phases lasting years. In some areas, the market is volatile, with peaks of negativity countered by positive rebounds, promising a hopeful future.

Regarding Parma, we interviewed Cristian Baroni, head of Studio Baroni, to understand the prospects for luxury real estate in this art city and its province.

What is the current trend in the area your agency covers?

The current trend for the luxury sector in Parma and its province remains static, mirroring the trajectory of 2023. As for the residential real estate market, particularly in Parma's historic center where we operate, it appears more dynamic than the purely luxury market but still falls short of the transactions seen in 2021/2022.

Based on your experience, have you identified a target clientele for your real estate agency?

Our clientele belongs to the upper-middle to high-end market, demanding in their searches and attentive to property quality. In fact, most of them explicitly request "all-around living comfort."

Which types of properties are currently in high demand?

Currently, the most sought-after properties in our agency include both first-time homes and replacements/improvements for existing residences.

What motivated you to partner with Luxforsale for your real estate agency?

The primary motivation behind establishing a structured collaboration with Luxforsale is to enhance our commercial offerings in both acquisition and sale phases of luxury properties. Equally significant is our positioning in the online market segment.

Based on your experience in the sector, what are the possible future developments for the luxury real estate market in your area and beyond?

In response, I would emphasize that significant developments in the luxury real estate market in our area, particularly the historic center, are tied to the overall economic, financial, urban, and service growth of the city, as well as the valorization and redevelopment