Luxury siena, with falling prices and increased demand for prime properties

The forecasts of experts, Gabriele Carratelli of Carratelli Real Estate srl for Luxforsale

The beautiful and rich in history, Siena is universally recognized as a city of art and culture. It has an important university tradition and is among the top five Italian cities for quality of life in the ranking compiled annually by the University La Sapienza of Rome.

Over the past two years, prices of properties in Siena suffered a 7% decline around, reaching an average of 3,250 € / sq m in January 2017, compared to € 3,345 / sq.m of the same month in the previous year and € 3,500 / sqm of January 2015.

"The lower decline in prices, combined easing of the credit crunch and hence the renewed willingness on the part of banks to grant loans, allowed a higher propensity to buy," says Gabriele Carratelli, sole director of Carratelli Real Estate Srl , the real estate agency that represents a reference point for all those who want to sell or buy luxury real estate in Tuscany, Umbria and Lazio.

The same situation also occurred with luxury real estate, although this segment has never suffered a crisis like the one that so marked in recent years hit the mid-range properties.

"Some investors have taken a more cautious attitude," continues Carratelli, "dictated mainly by developments in the international markets, the stock market crisis and the instability of the international political landscape. Many others, however, given the favorable exchange rate of the currency, have returned to be interested in luxury real estate in Siena and Siena. "

As part of the properties of the medium to high-end and top of the range, the most requested types vary greatly depending on the type of buyer: the multinationals that invest in luxury real estate, to the families who have specific needs.

"Large investors with business goals," says the owner of Carratelli Real Estate, "advance requests for large wineries or entire buildings in the town center can turn into small boutique hotel of great charm. The private instead tries preferably large villas or houses with parks that ensure privacy, or luxury apartments inside the walls, so as to fully enjoy the city. In addition, the important University of Siena, recognized abroad for its educational quality, attracts buyers interested in buying luxury apartments for their children who come to study in Italy. "