Rome, 'Jubilee effect' risk on rents: they could rise by 15-20%.

The Jubilee will have a propulsive effect on house rental prices in Rome. This is shown by research by SoloAffitti, which collected data on some 3,600 rental contracts. The Holy Year will therefore break a sort of equilibrium that had been established in the Eternal City. In fact, against a background of a generalised increase in rents throughout the country over the last two and a half years, rents in the capital have risen at a lower rate than in other major metropolises.

In 2023, for example, while Milan saw an increase in rents of 29 per cent over the previous year, Rome's rent growth stood at 13 per cent. A substantial increase, therefore, but still lower than that recorded in the city of Milan. This is due to the effect of the so-called 'Territorial Agreement for the Agreed Rent', which has been working very well in Rome for years and which has acted as a rent-calming effect, unlike what happened in Milan where, at least until July 2023, when the new territorial agreement came into force, the agreed rents were practically unused and rents therefore increased, due to the imbalance between a very abundant demand for rent and an insufficient supply to meet demand, with no brakes.

The Jubilee will therefore certainly bring an element of rupture to Rome on this dynamic, reducing the supply available for medium-long term rentals (part of which will probably be diverted to short term rentals) in the face of a demand that is still very high and, indeed, growing.

"We can therefore foresee," SoloAffitti explains, "that the 'calming' effect of the agreed rent will not be sufficient to curb the increase in rents, which could reach, according to our forecasts, between 15 and 20 per cent.

According to data from SoloAffitti, in the most prestigious areas (Centro Storico, Prati, Parioli, Flaminio, Pinciano, Trieste) a one-room apartment can cost 900 euro a month, a two-room apartment 1,200, a three-room apartment 1,400 and a four-room apartment 1,750. In one year, rents have seen an important increase of 26%, 24%, 14% and 11% respectively.
In the area of Monteverde, Aurelio, Monte Mario, Trionfale, districts that are in any case considered quite exclusive, a one-room flat costs 800 euro per month, a two-room flat 1,000, a three-room flat 1,200 and a four-room flat 1,500. In one year, rents have seen an important increase, by 23%, 14%, 13% and 8% respectively.
In the neighbourhoods of Tiburtino, Nomentano, Tuscolano, Eur, Appio, Ostiense, Cassia Tomba di Nerone a one-room apartment costs 725 euro per month, a two-room apartment 850, a three-room apartment 1,020 and a four-room apartment 1,300. In one year rents have seen an important increase, by 30%, 11%, 10% and 10% respectively.