Luxury building, sales increase in milan three transactions of 5 million euros

The second quarter of 2016 saw a consolidation of the signs of recovery already observed in the residential segment in the first three months of the year, an increase of sales of nearly 23%. The luxury real estate market, in particular, seems to have found new life especially in increasing demand for the higher-end, which could be towed even for buildings of medium-high level, between 2 and 3 million euro , the only ones to have suffered a substantial slowdown in the past few years. In the first half of 2016 were recorded in Milan three transactions around 5 million euro, one of which has reached the price of € 12,444 / sq m, with a total value of over 5.6 million euro. The areas of Milan where the most important trades were Magenta area, Fashion district and historic center were completed. In Rome, the most significant transaction recorded in the first half of 2016 was just over EUR 2 million, about half the record high of 4,000,000 reached in the previous six months. The average prices of request in the top of the housing market have remained substantially stable, while the actual sales prices show an annual change of + 2.2%, due mainly to the decrease in average discounts. As for prices, the situation of Roma is different from the general trend in the luxury sector with a decrease in average asking prices by 3% (despite the reduction of discounts), which is accompanied by a decline in the overall context of the maximum price Parioli areas , Salary, Trieste and the historical center. In general, the decline in prices in the residential recorded by ISTAT in the second quarter of 2016 is attributable, according to the research institute, the decrease in new housing prices went down by 1.4% over the same period of 2015. prices of existing homes, however, experienced a decline of 1.2% on an annual basis.