Index
***
- The price of a two-room apartment in the city center è of 317,500€
- In the centre, the price per square meter of renovated properties is è of 5,556€
- For 5 years, Casavo has been simplifying the life of those who sell and buy a house in Rome: the economic value of transactions in the city has exceeded 264 million euros
Milan, 12 July 2023 - Rome's real estate market covers a very large area and has its own characteristics, with a lively and constantly evolving market. Casavo, the digital platform that matches the needs of home sellers with the desires of buyers, has been operating in Rome for five years and takes stock of price trends based on different areas and property conditions.
Neighborhoods: the top three for sales and the greatest price growth
Casavo's expertise in Rome and the use of technology allow the company to develop accurate valuations and recognize trends and peculiarities. of the different neighborhoods: according to the data processing carried out by Casavo, the neighborhoods with the greatest growth in terms of number of sales are Axa, Casal Palocco and Infernetto (+60.5%), followed equally by Acilia, Casal Bernocchi, Centro Giano, Dragona, Malafede and Vitinia (+53.4%) and the Termini and Repubblica neighborhoods (+50.5%) on the last step of the podium.
The ranking changes if we take into account the greatest growth in terms of price per square meter: in this case, in first place are the Magliana, Trullo and Parco de’ Medici neighborhoods (+35.8%), followed by Appia Pignatelli, Ardeatino and Montagnola (+25%) and Lido di Ostia, Ostia Antica and Castel Fusano (+21.6%).
The urban and architectural conformation of Rome is characterized by housing units no longer aligned with today's needs. Casavo is promoting an important change in terms of revaluation and democratization of access to the residential market,' commented Federico Copercini, City Manager Rome of Casavo. 'Our goal is to reach the peripheral areas of Rome in an increasingly widespread manner, with products suited to the specific needs of the residents.' in the area.
Prices: for a two-room apartment the price doubles from the outskirts to the city center
According to historical Casavo data, in the Lazio capital, the price of a two-room apartment on the outskirts is €160,000 and rises to €225,000 in the semi-center and €317,500 in the city center. If a three-room apartment in the center is preferred to a two-room apartment, the buyer will have to consider spending €77,500 more to have an extra room. The transaction certainly becomes more expensive. convenient if the same choice is considered for a three-room apartment in the suburbs, where the increase reaches “only” 50,000€ to have more comfort in the spaces.
Renovated houses: in the center the value increases by 41%
In addition to location, services and square meters quadri, the value of a property is closely linked to its state of conservation, and the data proves it. In the center, the value of a renovated property increases by 41% compared to an unrenovated one. È Interestingly, the percentage drops to 20% if we consider properties located in the suburbs.
Thanks to daily work in collaboration with local renovation companies, Casavo has been able to renovate 36,216 square meters in five years, an important added value for the city in terms of urban redevelopment.
Casavo's goals in five years in Rome
Casavo has developed a new-generation digital platform that allows you to match the needs of those who sell a house with the desires of those who buy. All anyone who wants to sell a house has to do is go to the Casavo website or download the app and complete a few steps, starting from the property valuation up to the choice of buyer. The seller can In fact, you can choose directly from the app whether to sell to one of the buyers selected by the Casavo algorithm (thus maximizing the sale price), or directly to Casavo (thus obtaining 100% of the liquidity in a few days).
For those who buy, the Casavo platform offers a wide range of verified listings, both for Casavo homes and those intermediated by partner agencies. Casavo simplifies the buyer's life with a series of complementary services including Casavo Mortgages, which takes care of all the necessary documentation management and liaises daily with the chosen banking institution up to the notary deed.
In just five years, Casavo has concluded more than 1,000 transactions in Rome, for a financial value exceeding 264 million euros. The activity that Casavo carries out in the Roman area involves the 204 real estate agencies with which the company collaborates on an ongoing basis through an inclusive model, generating an income of 24.5 million euros. Added to this is the 10.4 million euros of economic value generated for the 31 local renovation partner companies.
Methodological note: the prices indicated in the press release refer to the median. The data refers to Revenue Agency transactions for which a match was found with a listing present on a listing platform. The extraction considers transactions in the two periods June 2019 - May 2020 and June 2021 - May 2022. The distinctions between Center, Semi-Center and Periphery refer to the classification of the Real Estate Market Observatory developed by the Revenue Agency.