Rent Prices Soar in Central Como: Up to €5,000 per Month
As per a recent report published by La Provincia di Como, rental prices in the heart of Como have skyrocketed, with some properties reaching up to €5,000 per month. The average cost stands at €15.20 per square meter.
Decreasing Demand
The high rental costs are leading to a noticeable decline in demand, which has dropped by 18% recently. Experts have varied opinions on the situation, showcasing a mix of concern and perhaps a bit of optimism.
Views from the Experts
Real estate expert Cosenza has termed the current scenario as “alarming”, highlighting the potential long-term impacts on the local population. Meanwhile, Fimaa, a notable real estate federation, believes that this is a temporary situation. On the other hand, Maran suggests that these soaring prices are transforming cities into mere tourist villages rather than vibrant residential communities.
This news could be of interest to expats and visitors to Lake Como who are navigating the rental market in the area, providing essential insights into current trends and potential future developments.
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