Luxury real estate in Rome is a market reserved for a select few, but it knows no crisis, with sales up 9% and demand outpacing supply. Rome continues to have a strong worldwide appeal. The recent report of the Savills World Cities Prime Residential Index indicates the capital as the 5th most sought-after European city on the luxury residential market and the 17th in the world. Foreigners are the most likely to choose luxury properties. 70% of buyers are overseas, with only 30% being Italian. Most purchases are for exclusive use, such as a first or second house. However, Rome remains the Italian market leader in purchases as investments, accounting for 30% of total sales in this area. Luxury real estate is in turmoil, and an increasing number of international players are interested in entering the market. Christie's International Real Estate website lists up to 53 luxury houses within the Grande Raccordo Anulare. Apartments, villas, and full palaces. A variety of real estate, albeit beyond the means of all. A four-story building in Piazza di Spagna is being offered for 9 million euros, while a thirty-hectare estate in the Appia Antica neighborhood is being sold for 18 million euros. Less pretentious in the Parioli, Pinciano, and Salario-Trieste districts, with many residences ranging in size from 150 to 300 square meters and priced between two and five million euros.
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