Description of Rome
The Eurozone crisis took quite the toll on Italy’s property market, including its capital – Rome. 2013 brought another minor fall in house prices across Rome, though mercifully not quite to the same extent at the year prior. But things are beginning to stabilize for one of the world’s most iconic cities and losses are tapering off.
From an investment point of views, rental yields in Rome vary from around 4 per cent right in the heart of the city’s historical districts to closer to 5 per cent out in the suburbs. Rental income tax is also high – as much as 43 per cent - making successful rentals a rather tricky balancing act to pull off. Still, millions of tourists throughout the year keep short-term rent demand exceptionally strong – particularly around Rome’s major landmarks.