The dynamics of the Ligurian real estate market
Anyone, even an inexperienced tourist in Italy knows that Liguria and the resorts located in this region are among the most expensive in all of Italy. The same can be said about housing prices in Liguria. But how did the real estate market of this region develop, what now keeps such high rates?
The main feature of the Ligurian real estate market is constant stability. Despite the fact that housing prices are slightly declining here, on average they are kept at the same level. Restrictions on construction and the popularity of resorts led to the fact that prices systematically increased from 1998 to 2007, with the most second homes being sold. And even during the crisis, prices, thanks to the unfading demand for real estate in Liguria, did not fall to critical levels. On average, the cost per square meter has not dropped below 10,000 euros per square meter since 2008.
After the crisis, prices began to rise gradually. Foreigners by this time accounted for one fifth of all buyers of real estate in Liguria. At the same time, in the most popular resorts, housing prices are incredibly high - up to 20,000 euros per square meter. This is due to the low supply: it is more profitable for the owners to rent out their existing housing than to sell, therefore, for example, in Portofino, prices for real estate objects start from 1 million euros.
Read on: Why invest in housing in Sardinia?
Over the past few years, there has been a rapid increase in real estate prices in the Israeli real estate market, which is why the markets began to gradually fade - the number of sales decreased every month.
Israel as an excellent real estate market for foreigners has been open for more than six years. Due to the rise in real estate prices in 2020, many, especially Russians - due to the abolition of the visa regime, are eager to invest in Israel's growing housing.
The Real Estate Valuation Department of the Israeli Ministry of Justice provided the public with such information. In major cities: Jerusalem, Tel Aviv and others, the cost of housing continues to rise.
Good news for those who intend to buy an apartment in Jerusalem or find a good ground for investment! The Jerusalem Mayor's Office has approved the construction of more than five hundred new properties in the city.
The incessant rise in housing prices in Israel in large cities leads to the fact that fewer and fewer people have the opportunity to purchase it. Therefore, the popularity of the real estate market of large Israeli cities is gradually falling. Especially after the coronavirus. People have no money left at all.
Alupka is a small, but very attractive seaside town for foreign tourists. Being very close to other resort centers - Yalta, Simeiz, this city has found something to stand out, and therefore there are always many people who want to buy a house in Alupka.
How to buy a house in Yalta. Real estate prices in Crimea remain stable, and the purchasing power of citizens is falling - in light of this, it is a sin not to take advantage of the opportunity and not buy a house in Yalta - one of the most popular Crimean resort cities.
It would seem a stupid question - what can you have fun in such a popular, fashionable and developed resort as Alanya? But many tourists who come here do not know half of the entire entertainment potential of the city, so it is worth briefly describing it.
Surely everyone who has only recently been able to buy a house in Mahmutlar, there was a need to purchase a large number of things. The residents of the town have a great opportunity to help each other, sell unnecessary things and buy necessary things from neighbors! Booking a table for sales cost only 5 lire.
Turkish Alanya can rightfully claim to be the "sunniest" resort: the number of sunny days here is rarely less than three hundred. The climate in Alanya is warm, there is no sea hardness, cold winds.
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