If 2023 was the black year, 2024 is the year of rebirth . After the slowdown in sales throughout the island – Cagliari in the lead – now the real estate market is showing signs of recovery . This is confirmed by the numbers of industry insiders and the main statistical institutes , as confirmed by Marco Mainas, president of Fimaa Sud Sardegna , the federation that brings together business brokers associated with Confcommercio imprese. And it is precisely in the Sardinian capital , which last year had recorded a terrible -14% of sales, that there was the highest rebound : «In the first ten months of the year we had a growth in the real estate market of 8%, but we expect 2024 to close with +10% ».
In Cagliari, people are looking for properties to generate income , and not only for short-term rentals dedicated to tourists, but also for students . The market is also driven by foreigners , especially in the main seaside resorts: if at a national level the increase was 26.3% compared to 2019, in Sardinia the figure stands at +64.5%.
And the forecasts for the future are good , also thanks to the drop in interest rates and the resulting domino effect on mortgages : the latest cuts by the ECB should lead to a saving of 84 euros per month for a standard mortgage. And those who started a repayment plan in 2012 could find themselves with a 16% cheaper rate if the ECB were to cut , as the market currently hypothesizes, another five times the cost of money next year .
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