House values are still growing in Turin and its province. While waiting for the European “Green Houses” directive which will force around half of Turin’s residents to renovate their homes, in the meantime those who have invested in brick have something to rejoice about. In fact, according to the real estate observatory Fiaip prices rose by an average of 2.7% in just one year (2 thousand euros per meter), due to inflation, of course, but also due to restructuring. And if the center grows less, it is above all the semi-central and peripheral areas that increase in price.
South west area at +4%
The leader of the positive values is the area Parella-Aeronautics with +5% (1,700 euros per meter) benefiting from the proximity to the metro and new buildings; follows the neighborhood Ingot with an increase of 4.5% (1,400 euros per metre), which has become more attractive thanks to the opening of the Region’s skyscraper and the new roads. Even the neighbor Nice Millefonti boasts an increase of 4% (1,730 euros per meter). Same percentage of price growth, around +4%, also for Cenisia (2,285 euros per meter), Well Road (2,040 per meter), e St. Paul (2 thousand euros per meter).
Also San Salvario It regains share after a few subdued years and marks +4% (1,975 euros). Just below Mirafiori South at 3.8% (1,420 euros per meter), Mirafiori North at 3.6% (1,490 euros per meter) e Saint Rita at 3.5% (1,770 euros per meter). San Donato takes +3% (1,630 euros per meter), also good Cit Turinwhich recorded 2.8% (2,600 euros).
Aurora and Barriera, prices are rising after years
The northern area is also positively impacting: in particular the neighborhood Aurora which boasts 4% more values with an average price per square meter of 1,390 euros, thanks to the redevelopment of Corso Principe Oddone. Interesting too Milan barrier which records a 3% increase in prices after years of decline. The reason? The new Rebaudengo station which quickly connects the northern suburbs to the city center, the urban regeneration project of the former tobacco factory, and the inclusion of the neighborhood in line 2 of the new metro.
Also to Vanchiglia prices are growing by 3%, with an average value of 2,600 euros per square meter. And according to Fiaip it is the neighborhood that has the most potential for growth in the future. The neighbor is fine too Vanchiglietta with 2.3% and a value per square meter of 2,200 euros. The area of Borgo Po-Gran Madre-Crimea records an average price increase of 2.5% and 2,890 euros per square meter. An area which together with the stretch of Corso Gabetti (0.5% and 2,870 euros) boasts the highest values in the city after the centre. The increase in was weaker Borgo Po towards San Mauro (1.8% and 1,800 euros). Area Cross regains share with 2.4% more (2,550 euros), as well as Madonna del Pilone-Sassi-Bertolla at +2.4% (2,150 euros). The hilly area sees an increase in value of 1.7% (2,420 euros), Cavoretto it has stable values with 0.7% more (2,250 euros).
Center, slighter increases
Also the Old Town grows by 2.7%. Piazza San Carlo sees a +2.2% and the highest average prices in Turin, just under 4,500 euros per square meter. Vittorio Square grows by 2.8% (3,580 euros per meter), while Statute Square recorded +3.1% (2,975 euros per meter), thanks to the nearby metro and recent real estate investments in the surrounding area.
The suburbs are growing less
The other areas recorded more limited price increases of between 1 and 2%. Lucent records a 2% improvement in house values (1,250 euros per meter): it is positively influenced by Continassa and the Juventus stadium. The area also benefits Valletteat +1.3% (1,160 euros per meter). Borgo Vittoria And Madonna di Campagna have a modest increase in house prices, which rise respectively by 1.2% (1,285 euros) and 1.6% (1,250 euros). The area of Royal South Park (towards the border with Aurora) records a 1.5% increase in prices (1,800 euros). While the area Regio Parco-Barca marks +1.6% (1,310 euros). Falchera-Villaretto it is the outermost area of the city, sees a slight increase in prices of 1.7%, especially in the Villaretto area, where there are still various dilapidated houses and the average price is 900 euros per meter.
In the province
In the province it is the belt that records the highest increases: around 2%. The rest stands at +0.7%. The mountains also recorded a slight increase in prices, around 1.8% compared to 2022. The overall increase is +1.5%. But the central areas of Rivoli, Moncalieri and Collegno they mark a +4%.
Established shops and offices
After the loss of value in recent years, the prices of offices and shops remain stable. While the garage market follows the residential one at +1.7%.
