The capital is an expensive place to live. It's still not quite at the level of London, or even Paris, but it's close. Citywide, the average rent for 100 square meters (which would be a large two-bedroom apartment, is about ‚1, 600. Downtown, that's closer to the rate for a one-bedroom apartment.
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However, the most recent economic crisis has created a noticeable uptick in vacancies, and even if rates aren't exactly plummeting, that's always a good time to negotiate. Prices vary widely depending on standard measurements such as location, size, and amenities, but also on more Rome-specific considerations, such as the presence of an ancient column or some other artistic treasure buried in the walls.
The greatest factor, of course, is location. Rent for apartments inside the city's Aurelian walls is almost always more expensive than for those outside them. The following descriptions of neighborhoods give an indication of what you might expect to pay in rent per square meter, the measurement used in all classified ads. For a single-bedroom apartment, multiply by 50 or 60 square meters. For a two-bedroom place, multiply by 70 or 80.
For buyers, prices will vary even more widely than rents. As a rough indication, the average home downtown sells for ‚10, 000 per square meter. Add on the 3 percent tax for first-time property owners (or 7 percent for those who already own), and the average two-bedroom apartment downtown will cost about a million dollars. That's for the choicest area of Rome. Farther out from the center, prices drop dramatically. Parioli, for example, costs about two-thirds of that, while suburban real estate averages about ‚2, 500 per square meter.