Italian cities where mortgages cost less than rent.

Mortgage payments and house rents in Italian cities are approaching in many cases. Changes in the real estate market of major urban centers and A reduction in interest rates This is causing more and more doubts among Italians when deciding whether to buy or rent a new home. Factors to consider vary, but from a purely economic point of view, it is better to buy than to rent on average in certain Italian cities.

A new report from the group’s research office Technocasa Especially comparing these figures, with some premises. For an average priced home, the mortgage is considered to be 80% of the home’s value, with a term of just 25 years. These are compared to average rental rates. The cities analyzed are Bari, Bologna, Florence, Genoa, Milano, Naples, Palermo, Roma Turin and Verona.

In which cities is it better to buy a two-room apartment instead of renting it?

Group research Technocasa The first to consider are two-room apartments, which are the most sought-after type of apartment in many Italian cities. In this case 6 out of 10 cities are affordable. And open a mortgage instead of rent. These are Bologna, Bari, Turin, Verona, Palermo and Genoa. Milan and Florence are where it’s least convenient. Here’s the full ranking by price difference between paying a mortgage and renting:

1. Verona: The cost of the mortgage installment is 133 euros less than the rent.
2. In Palermo, the mortgage installment costs 112 euros less than the rent
3. The mortgage installment cost in Genoa is 107 euros less than the rent.
4. In turn, the mortgage installment is 66 euros less than the rent.
5. In Bologna, the mortgage installment costs 10 euros less than the rent.
6. In Turin, the mortgage payment is 7 euros more than the rent.
7. In Naples, the mortgage payment is 39 euros more than the rent.
8. In Rome, mortgage payments are 65 euros more than rent.
9. In Florence, mortgage payments cost 130 euros more than rent.
10. In Milan, the mortgage payment is 146 euros more than the rent.

Where it is better to buy a three-room apartment instead of renting it.

The second part of the report analyzes three-room apartments instead. Among the most sought-after apartments, especially those who plan to have children, this type of rent now offers an easier mortgage than rent in almost all Italian cities. in Bari, Verona, Turin, Palermo, Genoa, Bologna and Naples Buying a home for temporary use is actually less or as expensive as the rental fee. In Milan and Rome the difference between the two options is minimal, while only Florence presents a significant contrast.

In this case, the ranking of cities where it is cheaper to buy a three-room apartment than to rent it reads:

1. The Verona mortgage installment is 149 euros less than the rent.
2. In Palermo, the mortgage payment is 148 euros less than the rent
3. In Genoa, the mortgage installment costs 132 euros less than the rent.
4. In turn, the mortgage installment is 95 euros less than the rent.
5. In Turin, the mortgage installment costs 31 euros less than the rent.
6. The mortgage payment in Bologna is 5 euros more than the rent.
7. In Naples, the mortgage payment is 5 euros more than the rent.
8. In Milan, the mortgage installment costs 18 euros more than the rent.
9. In Rome, mortgage payments are 20 euros more than rent.
10. The mortgage payment in Florence is 152 euros more than the rent.

“Another factor that argues in favor of buying is the limited supply of rental properties that prospective tenants have been dealing with for some time and which, in some cities, is reaching significant levels. This coming year Forecasts for the are still based on a modest increase in house prices. Decrease in the number of tradesFinalizes the report by analyzing the data. Technocasa.