A stable Europe, a real estate market that for the second consecutive year confirms at the top Oslo and Zurich, the most expensive and in queue Rome and Milan, with the more favorable prices. A framework that, once again, outlines a divided continent on the logistical front: North and East in constant growth with rental values close to or above 100 €/sqm, South steady or slightly down with fees less than 50 €/sqm.
To detect it, are the first advances of the sixteenth edition of the Borsino, Real Estate Observatory of Logistics developed by World Capital Group, company of real estate consulting of Milan, which tracks the performance of the overseas property market.
“A widespread stabilization characterizes Europe since 2011, as visible from our graph – declares Neda Aghabegloo, Head of Research Department of World Capital. The peak positions are still occupied by Oslo (131 €/sqm), Zurich (120 €/sqm), London (110 €/sqm), Moscow (110 € /sqm) and Stockholm (108 € /sqm), while taillights remain Milan (50 €/sqm), Prague (49 €/sqm), Rome (48 €/sqm), Athens (47 €/sqm) and Bucharest (46 €/sqm).
A Europe divided in two – continues Neda -, two sides of the same coin: a North and a South that gradually grow up, a South that recedes slightly or remains stable. Scandinavian countries that during the two years know a slight increase in the values (Oslo +20%; Stockholm +15%), next to Russia protagonist of a sudden and significant increase (Moscow +30%). A London which marks an increase of 15% and Eastern European countries (Ukraine , Poland, Turkey) who are experiencing a period of strong growth. Annuities interesting and soundness of economic systems determine the investment.
Italy, by contrast, attends a light and general reduction in average prices of rental (Milan -10%, Rome -15%) due to abundant supply. The country, however – concludes Neda – is an opportunity for those who choose to invest and recognizes strategic location and potential contained.“
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