THE interest rates on new mortgages, after two and a half years of increases, are decreasing. The reason for the decrease in cost of mortgages in May 2024 coincides with the beginning of a new phase of monetary policy by the ECB, i.e. with the first cut in the reference interest rates. Self Christine Lagarde will proceed in this direction it will be clear 7 Junedate of the next meeting of the general council of European Central Bank.
The best time to take out a mortgage
However only the hypothesis of a rate cut it was enough for banks to start offering mortgages at a lower cost. In fact, as shown in the monthly report from the Abi (Italian Banking Association), in May 2024 the interest rates on new financing operations have decreased: more precisely, the average rate on new transactions for the purchase of homes has fallen to 3.79%, compared to 3.89% of February 2024 et al 4.42% of December 2023.
It is therefore not excessive to say that May 2024 represent the best time to buy a house as has not happened since July 2022, i.e. since the start of the rate hike. At the beginning of May 2024, in fact, for a variable rate mortgage the rate applied was on average 3.89%decreasing by 11 points compared to the maximum recorded in October 2023, while the fixed mortgage rate it literally collapsed to an average of 2.68%: it’s about a decrease of 84 points compared to the maximum recorded in October 2023.
The average price per square meter in Trento
If you want buy a house in Trento you can therefore take advantage of the trust of banks in the arrival of the rate cut. Before making an appointment at the bank, however, it is better to have a clear understanding of the situation Trento real estate market. The easiest thing is to save this article in your favorites so as to always have the infographic below with the ranking of all the neighborhoods of Trento by cost per square meterfrom the most expensive to the cheapest.
In May 2024 the average price per square meter of houses for sale in Trento And 3,072 eurosincreasing by 3.54% compared to May 2023, for the city it is one record figure. Of course, we are far (but not too much) from the house prices of Milan and Florence, not to mention those of London or Dublin, but compared to the prices of two years ago the increase is unprecedented and places the city among the most expensive in Italy for the cost of houses. In fact, in June 2022 as data from Immobiliare.it show, the average price per square meter was decidedly lower, 2,858 euros.
Buying a house in Trento, the cheapest areas
The neighborhoods, or rather the cheapest fractions of Trento to buy a house are those in the quadrant southwest of the city, it is the administrative district of Bondone of Trentonumber 3: the area is the one that marks the beginning of thedownstream of the Lakes from the northernmost one, Lake Molveno, to Lake Garda in the south. The cost for one 80 m2 apartment in Bondone di Trento travels on average on 198 thousand euros.
Living in northern Trento, how much does it cost to buy a house
Slightly more expensive is the price per square meter of houses in administrative district number 1 and number 2, respectively Gardolo And Meanus, we are in the upper part of Trento where, however, there is no shortage of services. Particularly active here, both for cultural activities and as a residence for the elderly, is the Palazzo Crivelli Garden, among the most excellent facilities in the entire region. A home of 80m2 in hamlets north of Trento costs on average 227 thousand euros.
Buying a home to go to university in Trento
Rolling pin, Ravina-Romagnano, Oltrefersina are the names of the constituencies of Trento southnumber 8, number 5 and number 10 respectively. These areas saw the largest urban development of the city, here are theTrento airport and the department of cell biology of the University of Trento, in first place in Italy for the quality of scientific production according to the latest analysis by the national agency for the evaluation of the university and research system (ANVUR). The cost for an 80 m2 apartment in south Trento it’s about 240 thousand euros.
Trento, the most expensive neighborhoods by price per square meter
THE housing costs in Trento they reach the highest figures in the eastern area and in the centre: the eastern area includes the Argentario, Povo and Villazzano districts, i.e. number 6, number 7 and number 9. East Trento is the zuniversity and research instituteeleven different international study centers are located here, including the Nanotechnology Institute of CNRthe CosBi consortium of Microsoft for bio-informatics research and the scientific hub of Bruno Kessler Foundation. A 50 m2 apartment in the hamlets east of Trento costs on average 154 thousand euros.
How much does a house cost in the center of Trento
The center of Trento It is composed of the 11th and 12th constituencies: Saint Joseph-Saint Clare And Pedicastellothe average price for a 80 m2 apartment in the center of Trentoan Italian city that every year appears in the top 5 urban centers for quality of life, is 267 thousand euros.
| Trento area | Price change per m2 |
|---|---|
| Old Town | +2.74% |
| Trento Nord | +4.22% |
| Trento West | +18% |
| Trento South | +6.73% |
| Trento East | +2.79% |
Trento, real estate forecasts
The Trento real estate market forecasts are related to the educational offer of the city, the University of Trento, in fact, is among the main points of reference for the offer in STEM disciplines (acronym which stands for Science, Technology, Engineering, Mathematics) and economical, confirming itself as the best among medium-sized state universities in the Censis 2023 analysis. The analysis also underlines how the city, year after year, is increasingly relevant at an international level, attracting students from all over the world: a fact which from a real estate point of view will lead to a price increase even in the short term. In fact, the cheapest area, West Trento, saw in one year (from May 2023 to May 2024) a growth in price per m2 for homes for sale 18%, by way of comparison to Baggiothe district of Milan where prices grow the most, the growth in the same period was “only” of 7.18%,
