Student rentals, smaller centres make room in the market
Rising offer all over Italy, higher prices in big cities. Catania, Bari and Verona the cities with the most available beds in proportion to the rental market
4' min read
4' min read
For universities, the end of the academic year is approaching, but the issue of rooms for students remains hot. Especially in cities such as Milan, which despite accounting for 21.6 per cent of the national supply of rooms for rent, sees prices steadily rising - for a single room the rent has reached 700 euros per month - and the supply decreasing. In fact, looking at the stock of rented properties in the city of Milan, the percentage of the number of rooms in relation to the total number of rented houses has dropped to 6 per cent.
The data comes from Immobiliare.it's proptech company, Immobiliare.it Insights, which periodically analyses the market thanks to data intelligence, and which this time has focused on the trend of room supply from 2019 to date in Italy's main university centres.
The little ones are growing
.Catania, Bari and Verona, with percentages of rented rooms compared to total rentals of 20%, 18% and 15% respectively, dominate the offer for students. Milan and Bologna fall to 6%, Venice, Florence and Palermo to 5%, Genoa at the tail end with just 3%.
"In the centres of the South, or in smaller cities, where the prices of houses for sale are more affordable, resident families tend more to be owners and therefore look for solutions to buy, rather than to rent," explained Antonio Intini, chief business development officer of Immobiliare.it. "This thus leads owners of properties to rent to prefer mainly a target of students, or workers off the premises, portioning the flat and thus obtaining a greater economic return, as well as more attractiveness on the market.
If we refer to data for Italy as a whole, Milan remains in the lead in terms of prices and city availability compared to the country's total availability (21.6%). Smaller towns, however, record growth: Padua, which concentrates just under 2% of the total supply of rooms in Italy, has seen its supply increase almost sixfold (+473%) compared to 2019. In Trento, famous for its economics faculty, on the other hand, the stock has grown by 689%, eight times as much, and now represents 1.7% of the total. But it is Brescia that has reached remarkable figures, with an increase of 916% in the last four years, thus accounting for 1.2% of the total. Considerable increases in supply also for satellite university centres such as Bergamo (+600%) and Udine (+426%).
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