The signals coming from the Real Estate Market Observatory of the Internal Revenue Service in relation to Verona's brick market are rather positive. In fact, the market values of apartments in the city are on the rise compared to the previous six months, thus confirming the attention and interest that is being paid to the transactions of purchasing housing solutions in the area.
The average price of an apartment in good condition now ranges between 2,000 and 2,100 euros per square meter, in a range of values that turns out to be between 1,000 to 1,500 euros for the most suburban areas, and 3,500 to 4,000 euros for the most desirable areas.
The areas with the highest quotations
Going into greater detail, the OMI dossier notes that the highest prices are found in the areas of the Historic Center, S. Stefano, S. Maria Rocca Maggiore, Lungadige, and Porta Vittoria. Here, homes in excellent condition can come to cost between 4,000 and 5,600 euros per square meter, while a home in average condition can pay between 2,450 and 3,600 euros per square meter. One can save something, remaining in the same territorial context, by opting for the cheaper and older houses with less than excellent state of preservation, for which one can come to spend between 2,000 and 3,000 euros per square meter.
The areas with the lowest quotations
On the opposite side of the central area, which can guarantee owners higher values, we find instead the more suburban area of Galtarossa, Lower Acquar, Railway Park, Fair, Z.A.I. and extensions, Quadrante Europa, where the costs of an apartment are generally between 950 and 1,350 euros per square meter for civilian housing in normal condition.
Positive price dynamics
Beyond the territorial aspects of greater specific reference, what emerges from the analysis of the Verona real estate market is the overall positive evolution of local property prices, with particularly comforting signs of recovery in property values after the well-known difficulties of Italian bricks and mortar.
What is more, it is particularly comforting to find a good recovery in values in almost all housing types, with continued strong interest in condominium duplexes and three-room apartments, but also in detached and semi-detached solutions.
Good news, finally, on the rental front. Although the range of rents received in Verona's real estate market varies widely, there is generally a good upward trend in rental values, confirming the growing appeal that residential properties in the Verona area are gaining, moreover dragging suburban areas into that trend as well.
Rather optimistic signs, then, for the evolution of the Verona real estate market, now awaiting a final part of the year that should confirm the trends we summarized above in brief.
