Investing in History | Rome

Situated on the banks of the Tiber River, the Italian capital of Rome is the country’s largest city, with a population of approximately three million. This cultural melting pot attracts visitors from all over the world with its magnificent heritage, ancient buildings, Mediterranean climate, and superb quality of life. And just like the city itself, Rome’s residential property market wasn’t built in a day.

International Investment Appeal

Over the past several years, the city has seen a steadily increasing number of international property buyers attracted to favorable employment conditions and renowned international schools. Americans represent the largest international buyer group in the “Eternal City,” accounting for about 40% of foreign transactions. French clients participate in 20% of purchases.

“Investors from abroad are looking for properties that will retain their value during periods of high inflation. They are especially interested in investments in the historic city center or the surrounding districts with good transport links to the center.”

Helio Cordeiro Teixeira, Managing Director, Engel & Völkers Rome

The Most Sought-after Districts and Neighborhoods

History in the Heart of the City

The most expensive residential real estate is found in the city center, where the cost per square foot can soar as high as $132,505 USD. Among the most sought-after residential areas is the historic heart of Rome. This epicenter of life and culture is steeped in history. Home to architecturally stunning buildings and the finest restaurants in the city, the district also offers municipal gardens and parks, theatres, museums, centuries-old churches, and ancient sites like the Colosseum and the Roman Forum. This part of the city is a particular magnet for investors and international clients looking for a sound investment alternative. Interest has focused increasingly on apartments in historic buildings.

Families Find Space in Parioli

Also popular, Parioli is Rome’s second district and business center. On top of banks, financial corporations, and consulates, the district also boasts a diverse array of shops, bars, and restaurants—all appealing to investors. With proximity to various parks and the banks of the Tiber within walking distance, families are often drawn to Parioli. As they look to raise children, large living spaces, terraces, and balconies are in high demand in this neighborhood, where sales prices have reached up to $80,000 USD per square foot.

Modern Living in Esposizione Universale Roma

The modern district of Esposizione Universale Roma, or EUR for short, was built in 1938 for a World Expo. Since then, it’s remained largely in its original form for the most part.

Architecturally, the area contrasts with the monumental city center. It draws mainly families with children and young couples thanks to its public parks with lakes. At top prices, spacious apartments with balconies or terraces sell for up to $77,000 USD per square foot, while villas with gardens sell for up to 5,000 USD per square foot.

Outlook: Stable Prices Expected for the Remainder of 2023

The war in Ukraine, rising inflation, and subsequent economic repercussions have impacted the real estate market in Rome. Despite this, Engel & Völkers forecasts consistently high demand and a slight rise in prices for properties in prime locations this year:

“Rome’s real estate market still enjoys strong demand, coupled with a limited supply of available listings. The Italian capital will remain a sought-after investment location as a result. A fact confirmed by the growing number of Investors.”

Helio Cordeiro Teixeira

Listing Spotlight

Historic Jewel in the Centro Storico Quarter

This luxurious apartment is located in the heart of Rome. Some of its premium features include high ceilings with stucco decorations, various floor-length windows, ceiling murals, and floor tiles individually selected to match each room. The elegant finishes and spacious, light-flooded interiors create a high-class living experience.

Spanning almost 3,500 square feet, with four bedrooms, three bathrooms, an entrance hall, a dining room, and two living rooms, the property also benefits from a balcony overlooking the “Via Arenula.” The apartment is on the market with Engel & Völkers for approximately $2.5 million USD.

Modern Apartment in Prati

This fully renovated apartment is situated in the highly desirable Prati district, northeast of Vatican City, and close to the city center. It spans 1,650 square feet of living space, encompassing three bedrooms, three bathrooms, a large hallway with custom-built closet space, and a large living area. The apartment feels spacious and exclusive thanks to the contemporary and light-flooded interior design. The asking price for the property is approximately $1,094,000 USD.

For further information about the property market in Rome and/or referrals please contact:

Helio Cordeiro Teixeira
Managing Director
Engel & Völkers Rome
Phone: +39 064 55 48 120

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