Property for sale in Terni

As of 2023, the average property prices in Terni, Italy, are around €1,200 to €1,500 per square meter. In central areas, such as near the historic Piazza della Repubblica, prices can reach up to €1,800 per square meter for renovated apartments. Conversely, in suburban neighborhoods like Borgo Rivo, prices tend to be lower, averaging around €1,100 per square meter for similar properties. For larger family homes with gardens, the prices can vary significantly; a three-bedroom house in a quieter area might cost between €150,000 and €250,000, depending on the condition and location. Additionally, older properties in need of renovation can be found for around €80,000 to €120,000, offering potential for investment.

Real estate prices in Terni have shown notable fluctuations over the past few years. In 2020, the average price per square meter for residential properties was approximately €1,200, but by 2023, this figure had increased to around €1,400, reflecting a growth of about 16.7%. Specific neighborhoods illustrate this trend; for example, properties in the city center, which initially averaged €1,500 per square meter, saw a jump to €1,800. Meanwhile, areas such as San Valentino and Piediluco remained more affordable, with prices rising from €950 to around €1,100 per square meter during the same period. This rising trend is attributed to both increasing demand and a gradual recovery in the local economy, as well as Terni's appeal as a commuter town for those working in larger cities like Rome.

Real estate prices in Terni are influenced by several key factors, including location, property type, and market demand. For instance, properties in the historic center of Terni often command higher prices, averaging around €1,500 to €2,200 per square meter, due to their proximity to amenities and cultural landmarks. In contrast, residential areas on the outskirts, such as those near the industrial zones, can see prices drop to approximately €800 to €1,200 per square meter. Additionally, the presence of educational institutions, like the University of Terni, can increase rental demand and subsequently raise property prices by about 20% in nearby areas. Furthermore, economic factors such as unemployment rates—hovering around 7%—and the population trend, which has shown a slight decline over recent years, can also contribute to fluctuations in the real estate market, impacting both sales and rental prices. The recent increase in remote work has led to a growing interest in larger homes with outdoor spaces, pushing prices for such properties up by nearly 10% in certain neighborhoods.

Property prices in Terni exhibit a notable disparity between urban and rural areas. In the city center of Terni, the average price for residential properties ranges from €1,500 to €2,200 per square meter, reflecting demand for proximity to amenities, transport links, and services. For instance, a two-bedroom apartment near Piazza Tacito can easily reach prices around €160,000 to €250,000 depending on the specific location and condition. In contrast, rural areas surrounding Terni, such as those in the comune of Narni or the outskirts toward Marmore, show significantly lower figures, typically around €800 to €1,200 per square meter. Properties in these areas can often be purchased for €100,000 or less, especially if they require renovation. This price gap highlights the influence of urbanization and local infrastructure on real estate valuations within the region.

The price range for a three-bedroom home in Terni typically varies depending on the neighborhood and property condition. As of 2023, you can expect to pay between €120,000 and €250,000. For instance, homes in more central areas or with modern amenities can reach higher prices, often around €200,000 to €250,000. In contrast, properties located in suburban or less desirable regions might be available for €120,000 to €160,000. Specific examples include a three-bedroom apartment in the historic city center listed at approximately €230,000, while a single-family home in the outskirts might be priced around €150,000. Factors like recent renovations, outdoor space, and proximity to schools or services also influence these prices.

Terni is generally regarded as an affordable location for property purchases compared to many other regions in Italy. The average price per square meter for residential properties in Terni hovers around €1,200 to €1,500, which is significantly lower than in larger cities like Rome, where prices can exceed €4,000 per square meter. For example, a two-bedroom apartment in Terni can be found for around €100,000, whereas a similar property in Rome typically costs around €400,000 or more. Additionally, Terni offers a range of options from historic townhouses to modern apartments, with smaller homes often priced between €70,000 and €150,000. The area also benefits from its proximity to natural attractions and amenities, making it attractive for both locals and potential investors looking for more budget-friendly opportunities.

Terni's property prices are generally more affordable compared to nearby cities like Perugia and Rome. As of 2023, the average price per square meter for residential properties in Terni is approximately €1,500, whereas in Perugia, it averages around €1,800 per square meter. In contrast, Rome's prices are significantly higher, with averages close to €4,200 per square meter, especially in central neighborhoods. Additionally, towns such as Narni and Amelia show prices similar to Terni, hovering between €1,400 and €1,600 per square meter, making Terni a competitive option for property hunters in the region.