Varese real estate market: prospects for the new year

The Varese real estate market has managed to come out with its head held high even in the midst of a global pandemic. In May 2020, following the reopening of the real estate agencies that had been forced to close due to the first lockdown, we focused on the current emergency and what to expect for the months to come.

Today we do not have all the answers yet, but we are confident that the Lombard capital shows a dynamism and a really interesting trend, which lead more and more potential buyers, Italian and foreign, to buy first and second homes. Here is the point of view of the expert Paolo Occhigrossi, in a short interview.

How has the Varese real estate market responded to the changes brought about by the Covid emergency?

The impact of the pandemic is beyond doubt. This was especially true in the first half of 2020, which led to an inevitable decrease in the number of sales for obvious reasons, such as the inability to visit the properties, to carry out appraisals and to carry out other activities prior to the purchase. Despite this, the data and facts show that "the brick" continues to be a safe and sought-after investment. What changes are only the priorities and reasons for purchasing? This is demonstrated by the substantial stability of the national market, also in terms of prices, in which the provinces of Lombardy stand out, including Varese, which is among the cheapest and most popular in the Region.

What are the most popular areas of the city and what are the average prices that should expect those who decide to buy a house in Varese today?

The decision to buy a house in Varese today it turns out to be rewarding. Although the prices are a little higher than the average for cities with the same number of inhabitants, this city ensures an average price per square meter of around 1550 euros. All in the face of a wide variety of proposals ranging from luxury homes in the center to independent houses, different in size, prices and architectural style. The fascination exerted by the apartments and houses for sale in the centre of Varese remains a fixed point.

For this reason, the neighborhoods most in demand by those looking for a house still remain Casbeno, Bobbiate, Capolago and Brunella, even if in recent months the attention towards houses for sale in Gallarate has grown and houses for sale in Busto Arsizio.

What are the latest trends for the sale of homes in Varese?

It would be useless to deny that 2020 has severely tested the habits of Italians and led to a review of priorities in the choice of a property. The trend that I would like to highlight concerns the areas of the most popular properties in Varese for purchase and sale. In recent times, we have been receiving more requests for properties in good condition and with high energy performance. If we consider that, at the moment, there is a big gap between the houses in the center (rather dated, although valuable from an aesthetic point of view) and those in the suburbs, which are cheaper and located in areas where redevelopment and restructuring, the landscape in the coming months looks set to change. Those who want to buy properties for sale in Varese, in practice, begin to lean towards newly built, energy-efficient and well-renovated ones, starting to move towards less central areas.

What are the main requests of the moment?

If you take into account the most frequent requests of the moment, it is easy to obtain a sort of identikit of those looking for homes for sale in Varese. The typical buyer is less and less a "real estate tourist" looking for a bargain. On the contrary, he proves to be an aware buyer, very attentive and scrupulous to the characteristics of the property (especially in terms of energy efficiency), with clear ideas about what he is looking for and willing to spend a little more to secure a house with at least 3 rooms or a detached house with garden or terrace overlooking the lake, even if located outside the city centre.

Why would you recommend the purchase of property in Varese?

There are so many reasons. First of all, the extremely competitive prices per square meter Varese houses that allow you to buy properties of absolute value and able to satisfy any request. Another important reason is given by the variety of housing solutions available: lake view villas, luxury properties in the historic center, independent houses with gardens and modern apartments equipped with the most advanced home automation technologies. Finally, buying a house in Varese still allows you to make a choice oriented towards liveability and quality of life, since it is a city on a human scale, where there is no lack of essential services, amenities, proximity to the largest urban centers, but also many attractions and natural beauties that make it a special place to choose to live or buy a second home.

The point of view of the Office Manager Engel & Volkers Varese it is clear, but for any doubts do not hesitate to contact us. At any time, we will be happy to help you find the house of your dreams, sell a property in the city or province and offer you information on the Varese real estate market.