Property prices Rome: stable trend, at a high level

Rome real estate prices 

The most popular properties in the high-end segment are located in the historic center of Rome, in the Prati district, near the Vatican, and in the Parioli district, north of the city center. Impressive old buildings that have been extensively renovated to a modern standard are in high demand here.

• Current prices in the historic center: 4,500 to 10,000 euros per square meter

• Current prices in the Prati district: 4,200 to 7,000 euros per square meter

• Current prices in the Parioli district: 4,200 to 7,000 euros per square meter

The price ranges are sometimes very wide. The microlocation within the district, the proximity to special, historic buildings, and the state of preservation as well as the degree of modernization of the property are decisive for the exact value. A modernized, elegant apartment in Prati with around 230 square meters of living space and a terrace boasting beautiful views costs around 1.6 million euros.

Looking at the entire metropolitan area of Rome, the price per square meter for a property in the high-end segment is currently between 3,500 and 4,900 euros on average.

What are the top-five most exclusive residential areas in Rome?

Historic center

The historic center of Rome, also known as “Centro Storico,” is the most popular residential area in Rome. This is where those who prefer a vibrant neighborhood and proximity to historical monuments and cultural treasures live. Piazza Navona, the Colosseum, and the Pantheon are all within walking distance, but parking is scarce. Properties in this district are characterized by unique architectural elements and offer exceptional living opportunities. Property prices Rome are correspondingly higher here than in other residential areas.

Prati

The chic and sought-after district of Prati lies to the northeast of the Vatican and is bordered to the east by the Tiber with the imposing Castel Sant’Angelo. Prati is one of the most beautiful areas in Rome and impresses with its many art nouveau buildings, luxury boutiques along the boulevards, stylish wine bars, and gourmet restaurants. You are very close to the Vatican and can quickly reach the historic center on foot from here. At the same time, it is a quiet residential area, ideal for families with children.

Parioli

Sophisticated villas, tree-lined avenues, and parks with beautiful gardens are all part of this trendy and elegant residential area just north of Rome’s old town. It stretches along the banks of the Tiber, just a stone’s throw from Villa Borghese. Parioli is quieter than the lively city center, but Romans also appreciate the district for its range of cultural offers, many bars, and upscale restaurants.

Trieste-Salario

The residential neighborhood of Trieste-Salario, north of the city center, is also very popular. It borders on Parioli and is one of the areas where predominantly wealthy citizens of Rome live. Many green spaces and playgrounds make this area particularly attractive for families with children. Trieste-Salario is known for its relaxed residential atmosphere and well-kept art nouveau properties in an exclusive environment.

Flaminio

Flaminio is located directly on the Tiber, west of Parioli. Its proximity to the water enhances the quality of life; residents enjoy the riverside promenade for walks, bike rides, and various water sports. There is also a wide range of cultural activities on offer, making art and culture lovers feel particularly at home here. There are well-preserved historical buildings, on the one hand, and innovative new construction projects, on the other hand, which enrich the cityscape.

Is it possible to find an attractive property in Rome for less than 500,000 euros?

Yes, it is quite possible to find good properties in this price range in Rome. In the outer districts of the city, property prices in Rome are somewhat lower. In Monte Sacro, Ostiense, or Tuscolano, for example, you can find an attractive 90-square-meter apartment for less than 500,000 euros. The building may be older and the bathroom and kitchen may be a little outdated. However, if you are willing to renovate, your property search here can be very successful!

Monte Sacro

The “garden city of Aniene” was created here on the basis of a city plan by Gustavo Giovannoni from 1920, with winding streets surrounded by greenery. The quiet residential area is well connected to the public transport network. You can reach the central train station Roma Termini in around 30 minutes.

Ostiense

A lively art scene, multicultural flair, industrial architecture, and nightclubs with music events – you’ll find it all in Ostiense. Young people and artists live here in modern lofts and converted industrial buildings. The city center can be reached in just 20 minutes by metro.

Tuscolano

Students particularly like this district in the east of Rome. It is also well connected to the city center, and you can reach the main train station in around 25 minutes. Another advantage of Tuscolano is the variety of parks with a wide range of leisure activities.

What are the current trends on the Rome real estate market?

Trend 1: Strong demand in the high-end segment

While young families looking to fulfill their dream of owning their first home are currently adopting a wait-and-see attitude, demand for high-quality properties remains high. Many potential buyers are looking for suitable properties in the premium real estate segment. Higher liquidity often leads to quick purchase decisions and a brokerage period of less than six months.

Trend 2: Shortage of supply in view of the Jubilee Year 2025

The interest of domestic and foreign property buyers in real estate continues unabated, particularly in the historic center and the neighboring district of Prati. This trend is set to intensify in view of the Jubilee Year 2025. 2025 is a Holy Year for the Catholic Church, for which Pope Francis has announced the motto “Pilgrims of Hope.” Catholics from all over the world will make pilgrimages to Rome, with the city expecting around 45 million visitors. The Jubilee Year 2025 will begin with the opening of the Holy Door in St. Peter’s Basilica on December 24, 2024.

Trend 3: Remote working increases demand in semicentral residential areas

People who do not need to be close to their workplace in the city center or who can work from home at least part of the time often prefer properties in semicentral residential areas. Prices per square meter are lower here and buyers can afford more living space.

Property prices Rome, Paris, or Berlin ... 

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