Francesco tangari, alfa immobiliare s.n.c. bari: “the market is evolving, difficult to make predictions“

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Francesco Tangari, Alfa Immobiliare s.n.c. Bari: “The market is evolving, difficult to make predictions“

Puglia is one of those Italian regions that is experiencing a particularly lively moment, in terms of real estate sales, also thanks to the interest of highly motivated foreigners to live permanently in this southern area of ​​our Peninsula.

Francesco Tangari, Head of the Alfa Immobiliare s.n.c. of the City of Bari, wanted to provide us with a general but at the same time comprehensive overview of the luxury real estate market in the Apulian capital. His experience in the role of Real Estate Agent also allows him to make some predictions about the future, taking into account that the variables that can interfere with the market trend can be, in addition to being various, also unpredictable and sudden.

EB: What is the current trend of the real estate market in the reference area of ​​his agency, that of the City of Bari?

FT: Currently, the general trend of the real estate market in the Bari area is in an evolutionary phase. An evolution determined and conveyed by the Puglia brand that is highlighting all the qualities of our territory exponentially on a global level.

The most numerous requests are directed towards second homes and / or properties to be allocated to the tourist / hospitality segment. Buying a first home is still a cornerstone of our culture, but the integration of another important segment such as hospitality makes the local real estate market more dynamic and attractive.

EB: On the basis of your experience, have you managed to identify a target clientele that turns to your real estate agency?

FT: Experience today leads us not to be properly able to determine a well-defined target for the buyer. The change currently taking place leads us to have professional relationships of various kinds, from Italian individuals to foreign investors, from investment funds to Italian and / or foreign companies that focus on our territory and its development. The demand today is very dynamic and varied.

The selling party, on the other hand, tends to redevelop real estate by trying to maintain a conservative line when it comes to historic properties with a certain architectural value. The area offers types such as trulli and farms, farmhouses or period buildings that have a lot of appeal in the current market. These redevelopments clearly increase the value of the assets to then be put on the market.

Therefore, the target that turns to us to sell their goods is particularly attentive to the current market moment we are experiencing.

EB: What are the most popular properties at the moment?

FT: The properties to be restored for sale with an attractive and adequate price still have a fairly large market share. Many owners, for their own choices and / or needs, do not intend to undertake the redevelopment and then sell their property so they rely on our services to market the property.

As already expressed in the first question, the real estate market that is experiencing significant development today is that of secondary homes and / or that destined to the hospitality segment. However, the first house remains at the top of the ranking.

EB: What are the reasons that led you to create the partnership with Luxforsale for your real estate agency?

FT: Luxforsale is the only brand in Italy that also acts as a National Observatory of the prestigious luxury real estate market. This role for us market operators is fundamental because it enables us to have a credible partner who dedicates real surveys and data to our profession in order to obtain an overview dedicated to the luxury segment. It is also important to underline the promotional and commercial capacity of the portal itself.

EB: What are - according to your experience in the sector - the possible future developments of the luxury real estate market in your reference area, and in general?

FT: "Predicting the development of the real estate market in the luxury tourism / hospitality sector would be the most obvious thing to say in this market moment for our territory.

The reality is that my twenty years of experience in the sector around Italy and Europe has taught me that it is difficult to make predictions. The market is now experiencing continuous evolutions and changes. A situation of the current trend could change in a relatively short time.

Our task is to monitor and adapt to these changes trying to offer a service that is increasingly suited to the required market needs, analyzing real data to understand some trends. However, I believe that the luxury market will play an increasingly important role in these parts as we are increasingly exposed to the attention of the whole world "

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