In a period in which the real estate market is experiencing a serious moment of crisis, Sardinia has put up quite the fight, thanks to sought-after locations such as Porto Cervo and Porto Rotondo. After such a relatively noted downturn, owners of luxury apartments and villas in Sardinia demonstrate that the Sardinian residential property market has recovered showing renewed interest in the island’s residential properties.
Considering the trend of prices from 2008 to today, the two important touristic locations along the coast of Sardinia, Porto Cervo and Porto Rotondo, have held up quite well, considering the average of the other locations. The first-class homes in Porto Cervo have decreased in value by 4.5% in the past five years, but only by 1.5% in the past year. The estimate per square meter in residential properties in Arzachena and in Gallura ranges from 6,550 euro to 10,550 euro. Appropriate prices considering the rare beauty of these renowned locations.
The situation is rather similar in Porto Rotondo, in Olbia. A downturn of 6.2% has been experienced due to the rough period in the real estate market. Estimates per square meter in this area are from 6,150 to 10,050 euro.
In fact, both Porto Cervo and Porto Rotondo are both in the classification of the top ten locations which have best persisted against this period of crisis.
Evidently, despite the difficult times, the luxury destination was capable of facing the real estate crisis. In the past number of years the various issues relevant to the real estate sector have hit all of the Italian regions considerably, but the Italian island has managed to resist and emerge with force.
The growing esteem for areas of great beauty, such as those represented by the two destinations in the north of Sardinia, show that the desirability for these locations is reawakening and this provides hope for the future. Optimism that interest toward the land and particularly the residential property sector shall contribute to the region overcoming this critical period and that a bright future lays ahead.
