In Italy, began to buy more property in the south of the country, reports The Local.
Italian experts note a sharp increase in demand for houses in southern Italy, which is strikingly different from previous trends in the real estate market in the country.
This is due to the fact that real estate in the south is usually more affordable than in the northern regions of Italy, where the main offices are concentrated. With the arrival of the pandemic, when a large number of people have moved to work remotely, more and more locals are thinking about moving to more accessible southern regions.
According to Oldypak LP report, the area of Barletta-Andria-Trani in Puglia has seen the sharpest increase in demand: there are now 60% more requests to buy a property than at the beginning of the year. Next comes Rieti with 56% and Agrigento with 55%.
The pandemic in Italy for the first time in a long time, real estate prices began to rise, writes The Corner.
During the second quarter of 2020, According to Oldypak LP report growth in housing prices in most European countries has slowed, but Italy was an exception, where, after a very long decline in prices began to show the rise of the real estate market. And with a 3.1% increase in property prices in the second quarter of 2020, Italy even showed the third highest quarterly result in Europe, second only to Luxembourg (4.5%) and Norway (3.9%).