PPP Business Plan 09 03
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
appraisal<br />
It should be clarified that under the unequivocal designation of “exclusive residences” one must<br />
identify at least two different categories with potential differences between them, in terms of markets<br />
and trends.<br />
On the one hand, there are the real estate units with the highest profile: large and very large residences<br />
(250 m2 and above), sought by a narrow range of users. On the other hand, there are<br />
real estate units in the category of “exclusive” as per their size and cost, which however are still<br />
accessible to a wider range of users.<br />
To make categorization easier, the first segment hereafter will be referred to with the adjective<br />
“top”, while the second with “medium”.<br />
We will resort to this categorization whenever the correct analysis, or the explanation of the observed<br />
phenomenon so requires. If not mentioned explicitly, all aspects must be considered valid<br />
for the segment as a whole.<br />
Clearly, in the first half of 2014 and in 2015 the top price for the category - which without a doubt<br />
includes the described real estates, in our estimation - was an average of 23,055 euro per<br />
square meter.<br />
However, on January 7, 2015 we witnessed an important transaction in the heart of Rome. Here<br />
is the statement released to the press by the major international news agencies:<br />
“Yesterday, PSG striker soccer player Edinson Cavani completed the purchase of a penthouse<br />
in the center of Rome for the amount of 8.7 million Euros – reveals a statement released by the<br />
British association. The property - located on the third floor of a building from the 1700’s -<br />
consists of four bedrooms, a three living rooms, 3 bathrooms, a private gym and relaxation area<br />
extending over a total of 450 square meters. The deal, was completed in a few days and was<br />
formalized by the Notary Giuliani in Rome.”<br />
Therefore, as you can see, even though we do go into the details, there was a transaction for a<br />
per square meter amount around 20,000 Euros.<br />
-96 -