Market Report Laghi – Northern Italian Lakes 2016/2017

In December 2016 Engel & Völkers and Nomisma published the first Market Report on the Northern Italian Lakes.

In the end of 2015, the Lake’s real estate market recorded an overall sales increase, most marked in those areas where foreign demand was greater. During the current year, the growth signals observed on the market seem to confirm a positive result also for 2016.

This good performance is part of a broader recovery context concerning the whole Italian economy and the real estate market. Albeit slowly and with some fragilities, macroeconomic indicators show GDP growth expectations, positive confidence levels, an improved financial position for households and a continuation of the credit’s expansionary phase favoured by low interest rates.

As far as property prices on the Lakes’ market are concerned, a very uneven trend must be noted between the different areas. Where foreign demand drove the market onward, 2016 prices for the first six months increased, such as in Lake Maggiore, or remained unchanged, like in Lake Como. On the other hand, Lake Iseo’s area and Lake Garda suffered a price decrease.

A sales increase is expected by 2017, along with an overall price stabilization, while prices of prime-location properties in very good conditions are expected to increase.





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