Another negative sign for the real estate market in Sardinia, where the year just ended saw average prices of houses for sale down by 0.6%.
The Covid-19 pandemic led to a boom in supply, which grew by 70.6% compared to 2020, while demand from buyers only increased by 1.6% in one year.
This was revealed by the annual Observatory on the residential market of Immobiliare.it.
The rental sector, on the other hand, appears to be healthier: in this case, rents increased by 1.7% compared to 2020 and demand grew by 14.6%. There is also a greater stock of properties available for rental houses than last year (+ 21.4%), but the last quarter of 2021 gave a good acceleration to the sector, so much so that the available houses are down by 13.9% compared to the previous three months.
In the cities of the island and in the province, the prices of houses for sale are falling, with the only exception of Cagliari, where there was an increase (+3.7, equal to about 2,220 euros / sqm). To lose more percentage points in terms of costs is Oristano: both in the city (-7.4%) and in the province (-4.6%). Oristano performs worse than the other cities also as regards the surplus of availability of properties for sale, with a significantly higher supply compared to the previous year (+ 158.2% in the city and + 181.7% in the province).
On the rental front, the average rents requested have grown practically everywhere, with some exceptions: this is the city of Nuoro (-14%) and the province of Sassari (-10.2%). Despite the declining figures, however, the province of Sassari is still the most expensive, with an average of € 13.1 per square meter. All in all, there has been a good increase in interest in rental properties in Sardinian cities, with few exceptions.
(Unioneonline / F)