The real estate market in Rome has undergone significant changes in recent months, attracting the attention of investors after years of stagnation.
The situation on the real estate market
Milan has been experiencing a real estate boom in the last 10 years, especially after the World Expo 2015. Housing prices have increased by an average of 27% throughout the city and by 52% in
At the same time, property prices in Rome have fallen by 14.4% in the last decade. However, the city is already attracting investors thanks to lower prices and growth potential.
There are several reasons for interest in the Italian capital.
First of all, low prices. In the center of Rome, the price per square meter is 8,000-9,000 EUR, which is significantly lower than in Milan (12,000-14,000 EUR) and other southern European capitals such as Lisbon and Athens.
Architectural appeal is the second factor that attracts buyers from different countries. Rome offers unique properties, including buildings from the late 19th century, which attract both investors and those looking for aesthetically pleasing homes.
In 2024, professional investors invested 1.7 billion EUR in real estate in Rome, which is double the amount in 2023.
Rome's share of total real estate investments in Italy increased to 17% in 2024. Major players such as CPI Property Group (Czech Republic) and Hera Holding (Italy) are actively investing in Roman projects.
Reforms and improvement of the investment climate
New urban planning rules. At the end of 2023, Rome approved updated rules that simplify the process of approving construction projects for the first time since 2008.
Reducing bureaucratic barriers. The city administration has strengthened its decision-making powers, which speeds up approval processes and reduces risks for investors.
Removing restrictions. For example, the 60-room limit for hotels in the city center has been lifted and 700 buildings have been removed from the list of protected sites, opening up opportunities for their redevelopment.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be found HERE