{"id":4797,"date":"2023-01-24T06:55:32","date_gmt":"2023-01-24T05:55:32","guid":{"rendered":"https:\/\/www.barbaramagro.com\/?p=4797"},"modified":"2023-09-26T16:21:04","modified_gmt":"2023-09-26T14:21:04","slug":"real-estate-market-2023-what-to-expect","status":"publish","type":"post","link":"https:\/\/www.barbaramagro.com\/en\/real-estate-market-2023-what-to-expect\/","title":{"rendered":"Real estate market 2023: what to expect?"},"content":{"rendered":"

[vc_row el_class=”content-d custom-article-blog”][vc_column][vc_empty_space][vc_column_text]What are the forecasts for the real estate market in 2023<\/strong>? After an interesting 2022 both in terms of the number of transactions and the average selling price of properties, the trend of the real estate market in 2023 sees a new scenario appearing on the horizon. But for whom? And how reliable can the forecasts be?<\/span>[\/vc_column_text][vc_custom_heading text=”Real estate market trend in Italy: between inflation risk and the cost of raw materials
\n” use_theme_fonts=”yes” el_class=”font-header-ss”][vc_column_text]The buying and selling of properties experienced an interesting recovery in 2022, due to various factors: the purchase facilitation for the under 35s, tax relief for renovations, the possibility of accessing mortgages with still low rates.\u00a0<\/span><\/p>\n

In this opening of the year, the 2023 scenario is not entirely clear and rosy and encouraging forecasts alternate with downward forecasts. A series of economic situations, from the war to the increase in the cost of living, suggests a slightly more contracted 2023 and a decline in terms of sales, more markedly in the South. The increase in prices, however, could compensate for the situation resulting in a stable general situation.<\/span><\/p>\n

From this general scenario relating to sales, the luxury market must be separated: if we talk about luxury properties for sale, in fact, the situation changes radically.<\/span>[\/vc_column_text][vc_custom_heading text=”Because the luxury real estate market in Italy is another story
\n” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”font-header-ss”][vc_column_text]The luxury real estate market<\/strong> travels on a separate track: availability of capital, renovation costs and other issues do not represent a problem for buyers. Unlike the common real estate market, any increase in prices can be dealt with more easily.<\/span><\/p>\n

Therefore, the forecast for 2023 does not include a drop in demand which, on the contrary, thanks above all to foreign investors, remains high.<\/span><\/p>\n

The difficulty, for those who want to buy a luxury property<\/strong>, is rather in the availability of properties, especially in large cities such as Milan or Rome, where requests exceed supply. This is why a still rather lively luxury market in Italy is expected for 2023, characterized by a further increase in prices, with differences between one city and another.\u00a0<\/span>[\/vc_column_text][vc_custom_heading text=”Supply and demand of luxury properties in Milan” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”font-header-ss”][vc_column_text]Milan represents, in Italy, a hot area, where the demand for luxury properties, higher than availability, causes prices to rise even in 2023. The secret is in a dynamic, high-profile real estate market, where old and new buildings offer a variety of valuable solutions up to the highest expectations of luxury.\u00a0<\/span><\/p>\n

In particular, the urban redevelopment projects already underway in view of the upcoming Milan-Cortina 2026 Olympics have raised the price of properties in Milan’s luxury districts.<\/span><\/p>\n

But what are the<\/span> luxury properties in Milan<\/b><\/a> most requested? Undoubtedly those located in the most <\/span>in<\/span><\/i>, namely the classic Duomo, Sempione, Porta Venezia, Porta Nuova, Buenos Aires. These are large penthouses or apartments, located in exclusive contexts and equipped with every type of comfort.\u00a0<\/span><\/p>\n

The most coveted <\/span>plus<\/span><\/i>? The outdoor space. Whether it’s a terrace or a private garden, those who buy a luxury property also want to have an exclusive and reserved outdoor area.<\/span>[\/vc_column_text][vc_custom_heading text=”Barbara Magro Luxury Real Estate – We cure the best luxury properties for sale
\n” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”font-header-ss”][vc_column_text]La<\/span> Barbara Magro<\/b><\/a> is a real estate agency that has made luxury is one’s vocation. Our mission is to bring together selected clients with selected properties to offer the best to buyers and sellers:<\/span> request an appointment<\/b><\/a> for an evaluation or to find out about our most exclusive offers!\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"The real estate market and forecasts for 2023: performance of the real estate market and luxury properties for sale in Italy. The Milan case.","protected":false},"author":4,"featured_media":4326,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[89],"tags":[],"class_list":["post-4797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\nReal estate market 2023: what to expect? - Barbara Magro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.barbaramagro.com\/en\/real-estate-market-2023-what-to-expect\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate market 2023: what to expect? - Barbara Magro\" \/>\n<meta property=\"og:description\" content=\"The real estate market and forecasts for 2023: performance of the real estate market and luxury properties for sale in Italy. 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