Apartments increasingly expensive even in those suburbs where until a few years ago savings were assured and difficult mortgages to be obtained with (at least until the beginning of June before the ECB cuts) interest rates that turned into a deterrent for those who had even thought about purchasing. And so, for the second year in a row, the sales I am collapse, practically everywhere in Veneto. This is confirmed by the data from the sales deeds between January and March analyzed by theReal estate observatory of the Revenue Agency: in Verona, Vicenza, Treviso and Belluno the market fell by 20.4% compared to the same period in 2023. With the peak of Belluno city (minus 21%, 83 homes sold in the first three months of 2024 compared to 104 a year ago) and Vicenza (minus 20.8%, 333 sales deeds instead of 420). They are close to 20% Treviso And Verona (270 and 705 sales this year instead of 337 and 880, respectively). However, the backlash holds up Venice (minus 6%, 801 homes sold against 852 in 2023).
The exception of Padua
Bucking, Padua (plus 7.8%, 780 in the first quarter of 2024 against 723) e Rovigo (plus 3.5%, 157 and 152). «Here prices have remained low and sales are holding up – he observes Marco Bettiol, president of Fiaip Venezia and vice-president of the Fiaip national study center —. Padua on the other hand, but we are only talking about the city center, remains a reality Interesting: these are mostly “promiscuous” investments, that is residential sales but intended for rentals, especially for university students.”
Excluding Padua and Rovigo, the rest of Veneto follows the national trend: decline in sales, a long wave of one year – 2023 – already with a negative trend for the sector. It’s the fault of a combination of causes. Starting with mortgages. «Uncertainty about the prospects represents a factor in the inevitable postponement of choices, especially those that require a huge commitment of capital – he comments Luca Dondi, CEO of the Nomisma study center —. It should therefore not be surprising that purchasing demand has decreased.”
San Donà like Mestre: 900 euros per month for 70 square meters
After mortgages, the cost expensive housing. «Whoever buys asks for houses high energy classes, A and Band their prices have grown – adds Bettiol -, the stop to bonuses then brought about another slowdown (in second-hand sales, ed.) and they are the first homes for young people under 36 have disappearedgiven that the benefit a 100% loans was not renewed, as was the benefit ofVAT recoveredin ten years for those who bought from the manufacturer”. The fewer sales, the more requests grow locations (plus 3 percent on a national scale): «But those who rent have an upward projection». That is, i canons they splashed. «In San Donà di Piave, for example, for an average apartment of 60-70 meters paintings ask 900 euros like in Mestre”, he says.
For a new apartment the starting price is 250 thousand euros
Anyone who decides to take the “big step” has to deal with staggering costs. In the historical centres of art cities the range fluctuates between 6 and 9 thousand euros per square meter. TO Trevisofor example, inside the walls you stand on the 8 thousand euros. Not that outside the noble neighborhoods the situation is better. «For a new house of 70 square meters you don’t go below 250 thousand euros – continues the real estate developer – and the difference in costs between the city and surrounding municipalities has disappeared”. In the Venetian area, until a few years ago, many people moved to Marcon “because it’s cheaper” but now “you spend the same as on the outskirts of Mestre”. However, where the condominiums are older and the accommodation needs to be renovated.
No difficulty for those looking for extra luxury homes
Get out capitals, the contraction is more contained: minus 8.3% in Belluno, minus 9.3% in Verona and Venice, minus 14.2% Vicenza and minus 15.3% Treviso. Rovigo (minus 9.8) and Padua (10.2) also have a negative sign, whose capitals held up. «We were coming off an exceptional 2022 (after Covid, however, the cost of bricks had dropped, ed.) but Veneto still remains a good market – he observes -, I believe that the recent rate cut it will facilitate the restart.” It must be said that in Veneto the extra luxury it knows no crisis and there is no shortage of customers for the homes above 500 thousand eurosespecially in historic centers where second homes are invested and there are often buyers foreigners. More tiring, “finding 250-400 thousand euros in the range”, she concludes. However, Nomisma reflects: «A more accommodating attitude of the ECB will not be enough to determine an immediate rise in transactions, a normalization phase will be necessary that facilitates the restoration of conditions more favorable to demand».
