Many wonder what the real estate market will be like in 2020, and according to experts, the perception is extremely positive, with excellent investment opportunities.
From the forecasts of the FIAIP Study Center, despite the positive sentiment there will be a minimal drop in sales, offset by a rise in prices where there have been redevelopment interventions, above all a redevelopment of tourist demand, which has now become the most requested form of real estate investment . The investor disheartened by the banking system returns to take refuge in the real estate, involving small and large identities with a tourist attraction such as Rome, Florence, Naples, Venice and Verona. A separate discussion concerns the city of Milan, which has excellent public and private programming, with a demographic index in contrast with the national trend which is close to zero.
Also this year the biggest problem remains the tax burden with the transition from ICI to IMU which brought taxation from 9 to 24 billion. In opposition there are prices that are in sharp decline with better opportunities especially for young people and mortgages, whose rates are at historic lows.
Last year recorded excellent investments for the Italian real estate market, thanks to a return of the idea of the home as a refuge accompanied by incentives such as: concessions for first homes, tax bonuses for renovations and minimum rates for mortgages.
It is estimated that sales in the residential field will continue to grow by +5-8% even if with reduced percentages compared to the golden years of the real estate market with the forecast that in the next two years prices will continue to grow not only in the provincial capitals as they have recorded in 2019 (cities such as Bologna, Rome, Milan, Naples and Bari) but also in non-capital cities. The attraction for prestigious properties will remain constant even if a focus will be on two-room and three-room apartments in the city center which allow for life "away from home". This situation mainly concerns local investors, unlike foreign investors attracted by cultural and tourist places to create an accommodation facility or a second home.