The real estate market in Florence, the variations district by district

In 2020, the year of Covid, the value of the real estate market in Florence suffered a setback compared to the previous year, with an overall contraction of 1.9%. According to the Tecnocasa study, the historic center emptied of tourists also suffers from the decrease in investments in brick, with a sharp drop in demand.

In the Isolotto macro-area there is the greatest contraction due mostly to the conclusion of sales of used properties or which required major renovations at prices lower than the market value. This figure had an impact on the 8.1% decrease in District 4: the area most affected by the decline in real estate value was that of Legnaia-Isolotto with -14.3%, followed by -11.8% in Soffiano and from -6.7% of San Quirico. The minor loss is that of Le Torri-Ponte a Greve with -1.8%.

Real estate market in Tuscany: sales are decreasing but the mortgages of those who buy the house are growing

by Maurizio Bologni

February 27, 2021-

In Q1, in the San Jacopino area, there was a decrease of -4.2% compared to the pre-pandemic real estate values, as well as in the areas close to the city center, which are all affected by a decline in real estate value, starting from that of Statuto-Libertà-Fortezza, which recorded a -3.5%. The Romito area is worse off, with -3.9% followed by Piazza Leopoldo and Piazza Viesseux which amounted to -3.7%.

As regards the Novoli-Careggi macro-area, the slight reduction in values ​​in the first part of 2020 was offset by a recovery in the second part of the year, bringing the value for the period back to -1.0%. In contrast, the area of ​​Piazza Puccini, whose real estate value is up by 4.2%, with lively demand due to the recovery of the former Manifattura Tabacchi and the expectations linked to the arrival of the future line 4 of the tramway.

Campo di Marte also shows stability in values ​​with an initial downward trend in the first part of 2020 (Mazzini-Oberdan-5%), recovered in the second part of the year thanks to the peripheral areas of Rovezzano (+ 2%) and Varlungo ( + 4%) whose low costs have attracted those who have less availability of spending. Work on the tramway that will connect Piazza della Libertà to Bagno a Ripoli is also expected in this macro-area.

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