Archive for the ‘Italy’s Top Resorts’ Category

House Price Trend in Italy’s Top Resorts

The surveys conducted by Nomisma and F.I.M.A.A. (the largest Italian Realtors association) show that Italy’s tourist property market looks after a substantial stability in last two years, carrying out a significant growth in the time 2001 to 2008.

Comparing the historical compilation of house average prices for main Italy’s sea and mountain resorts, we notice a smoother trend for your sea resorts, with an overall increase of 62% in years 2000 to 2008 and values of growth from a the least 2% in 2008 and also a maximum of 9% in 2003. Within the same period (2000 to 2008) the bend for non-sea resorts is much more nervous: it shows a standard rise in the home average tariff of 51%, using a pick of 9.8% in 2004 and also a the least 2.1% in 2008. After 2008, prices start a slight decrease, more pronounced for sea resorts (-06% for sea resorts, -0,1% for non-sea resorts). We could say then that Italian tourist property market prices hold up the impact of the world crisis, as well as the national property market.

The F.I.M.A.A. surveys rank the ten sea and mountain resorts using the highest prices for the best houses: i.e. they consider the average of highest sale prices observed (naturally, the maximum prices may be considerably more than the common). There are many interesting divergences involving the band of top sea resorts and the top mountain resorts.

The gang of the most effective sea resorts shows a low mobility, featuring a report on only twelve localities which show up in the very best ten ranking during years 2006 to 2010. Santa Margherita Ligure and Porto Cervo are competing for the supremacy, with two first positions each, while Campania resorts (Capri and Positano) boast the strongest price growth (round Fourteen percent and 11%): Capri gains beginning in 2010, with 13,100 Euros/SQM. The resort of Fregene, a popular with Romans VIPs, is declining, leaving the very best ten ranking last year and 2010. Tuscany resorts (Forte dei Marmi and Viareggio) are ascending instead. Realize that the price variation means tariff of the costliest houses: i.e. the average in the highest prices observed.

The lower increases (occasionally decreases) are indicative of the marketplace tendency to cut back the unwanted prices achieved. Take Porto Cervo for example: the common expense of best houses was 13,500 Euros/SQM in 2007 (when Porto Cervo was primary), while in 2010 find a price of 12,000 Euros/SQM. Really, the normal of the twelve sea resorts have not substantially changed really (10,325) with regards to 2006 (10,225). Their email list in the twelve resorts is reported below, while using average position known the complete period 2006-2010 and also the average price noticed in 2010 for top houses. Portofino, probably due to few property transactions, just isn’t among the localities monitored by F.I.M.A.A.

Top sea resorts (2006 to 2010).

Santa Margherita Ligure (Liguria): 1.8 – 12,500 Euros/SQM
Porto Cervo (Sardinia): 2.4 – 12,000 Euros/SQM
Forte dei Marmi (Tuscany): 2.6 – 13,000 Euros/SQM
Capri (Campania): 3.2 – 13,100 Euros/SQM
Alassio (Liguria): 5.6-8,200 Euros/SQM
Positano (Campania): 6.8 – 10,300 Euros/SQM
Porto Rotondo (Sardinia): 8 – 8,700 Euros/SQM
Viareggio(Tuscany): 8 – 9,500 Euros/SQM
Sestri Levante (Liguria): 9.2 – 9,000 Euros/SQM
Anacapri (Campania): 9.2 – 9,400 Euros/SQM
Fregene (Lazio): 10 – 8,200 Euros/SQM
Cinque Terre (Liguria): 10.4 – 9,000 Euros/SQM

The number of mountain resorts seems to be more dynamic. Actually, look for 17 localities which enter at least inside yearly top ten ranking. Really, the top of the ranking remains well stable, showing constantly a similar resorts on the first three positions: Cortina d’Ampezzo, Madonna di Campiglio and Courmayeur. Cortina d’Ampezzo is by far the winner, resulting every year the locality with maximum house price among both the sea and mountains resorts, featuring a cost of 19,000 Euros/SQM this year. In the low section of ranking, things go differently. Actually, we view the strong decline of Piedmont resorts Sestriere and Bardonecchia, which in fact had probably taken advantage of the 2006 Turin Winter Olympic Games. They shift from 5th and 7th place in 2006 to 18th and 17th this season, which has a decrease in the top house cost of 27.55% and 11.44% respectively.

The performance of Cervinia is similar: it exits the most notable ten ranking during the past year and 2010, moving from 6,030 Euros /SQM in order to 5,000 Euros this season. San Martino di Castrozza, Gressoney-Saint-Jean, Canazei and Moena will be the ascending resorts: every one of these were out of top 10 ranking in 2006 and have entered the very best ten only during the past year or 2010. Gressoney-Saint-Jean achieved a price increase of 27.95%, bringing on the par with the twin village Gressoney La-Trinite’. Ortisei, San Martino di Castrozza and Moena reach the best performance, with a price increase greater than 40%, and confirm the truly amazing attraction of Dolomites. Overall, the typical price of best houses within the mountain resorts group is gloomier in comparison to the sea resorts group (8,015 Euros/SQM vs. 10,325), however the increase 2006 to 2010 is far higher (17.68% vs. 0.97%).

Top mountain resorts (2006 to 2010).

Cortina d’Ampezzo (Trentino Alto Adige): 1 – 19,000 Euros/SQM
Madonna di Campiglio (Trentino Alto Adige): 2 – 13,000 Euros/SQM
Courmayeur (Valle d’Aosta): 3 – 10,800 Euros/SQM
Corvara (Trentino Alto Adige): 4.5-8,000 Euros/SQM
Madesimo (Lombardia): 6.6 – 7,070 Euros/SQM
Gressoney L.T. (Valle d’Aosta): 8.6 – 6,500 Euros/SQM
Ortisei (Trentino Alto Adige): 9.2 – 9,000 Euros/SQM
Sestriere (Piedmont): 9.4 – 5,000 Euros/SQM
Bardonecchia (Piedmont): 11 – 5,500 Euros/SQM
Selva di Val Gardena (Trentino Alto Adige): 11.2 – 6,269 Euros/SQM
Champoluc (Valle d’Aosta): 11.4 – 6,000 Euros/SQM
San Martino di Castrozza (Trentino Alto Adige): 11.8 – 8,000 Euros/SQM
Cervinia (Valle d’Aosta): 12 – 5,000 Euros/SQM
Bormio (Lombardia): 12.2 – 6,130 Euros/SQM
Gressoney S.G. (Valle d’Aosta): 13.2 – 6,500 Euros/SQM
Canazei (Valle d’Aosta): 13.2 – 7,000 Euros/SQM
Moena (Trentino Alto Adige): 16.2 – 6,500 Euros/SQM

Behind the very best resorts, one of the best performances among the sea localities, is realized by Punta Marina, small town inside the Municipality of Ravenna, which achieved a boost of nearly 28% in the expense of the most effective houses, following the similar growth already realized by Marina di Ravenna. These resorts are viewed not just for holidays, but in addition as an alternative residence towards the near capital of scotland – Ravenna.

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