Is buying a property in Trastevere a good investment?

Last updated on December 29, 2023

Yes, the analysis of Rome's property market is included in our pack

If you've appreciated the bohemian atmosphere and historic charm of Trastevere, you might have thought about investing in property in this lively part of Rome.

Is it a good idea though? What's the current state of the real estate market in that area? Are property values appreciating or depreciating? Are investors seeing returns on their real estate investments? How's the demand for rentals?

We'll answer all these questions for you! When building and updating our property pack for Italy, our team has been researching and surveying this area. In fact, there is significant customer interest in investing there. Therefore, we believe it would be beneficial to include some information about it in our property pack.

Why do property buyers like investing in Trastevere?

Trastevere, a picturesque neighborhood in Rome, has increasingly become a magnet for property buyers, and it's not hard to see why.

Think of it as a charming blend of history, culture, and modernity, nestled on the west bank of the Tiber River. Well, it's a mix of its unique character, enduring appeal, and the lifestyle it offers.

Firstly, Trastevere has an ambiance that's quite different from other areas in Rome. It's like stepping into a different era, with its narrow cobblestone streets and medieval architecture. This historical charm is a big draw.

Unlike the more polished and tourist-heavy districts like Centro Storico, Trastevere offers a more authentic Roman experience. It's a blend of old-world charm with a lively modern vibe, thanks to its eclectic mix of cafes, boutiques, and restaurants.

Now, regarding its popularity, Trastevere has always been well-loved, but its real estate market started gaining more attention in the late 20th and early 21st centuries.

It's likely. The area's timeless appeal, combined with ongoing demand for properties in historic centers, suggests that its popularity isn't just a passing trend.

You'll find a diverse group. It attracts a mix of young professionals, artists, expatriates, and even families looking for a more immersive cultural experience in Rome.

They're drawn by the area's vibrancy, its close-knit community feel, and the fact that it's slightly off the beaten path, offering a more laid-back lifestyle than the bustling city center.

However, Trastevere isn't without its drawbacks. The very features that make it attractive can also be seen as negatives. The narrow streets, while charming, can make parking and driving a challenge.

The popularity of the area, especially with tourists, can mean crowded streets and noise, particularly in the evenings.

Additionally, the historic nature of the buildings, while aesthetically pleasing, can mean potential higher costs for maintenance and modernization.

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Why is Trastevere a nice place to live?

Living in Trastevere offers a unique experience characterized by its vibrant lifestyle and rich cultural tapestry.

This neighborhood, known for its narrow cobblestone streets and charming medieval architecture, presents a distinctly Roman way of life that balances the buzz of the city with a more relaxed, community-oriented atmosphere.

The lifestyle in Trastevere is often described as laid-back yet lively. The area is dotted with numerous cafes, trattorias, and artisan shops, fostering a strong sense of local culture and community.

In the evenings, the streets come alive with both locals and visitors enjoying the vibrant dining and nightlife scene. This blend of tranquility and liveliness makes Trastevere particularly appealing.

For expatriates, Trastevere is a popular choice due to its welcoming atmosphere and the ease of integrating into the local community. Many expats are drawn to the area's charm and find it relatively easy to establish a social network, thanks in part to the variety of international restaurants and English-speaking events and gatherings.

However, living in Trastevere can be quite costly. Rental prices and the cost of living are generally higher here compared to other neighborhoods in Rome. This is partly due to the area's popularity and central location, which drive up demand for housing.

When it comes to safety, Trastevere is considered a safe area to live in. Like any urban area, it's wise to be cautious, especially at night or in crowded tourist spots, but the neighborhood is generally free from major safety concerns.

Regarding amenities and facilities, Trastevere is well-equipped. It hosts several renowned schools, such as the John Cabot University, and healthcare facilities like the Fatebenefratelli Hospital.

For shopping, residents often visit local markets like the Mercato di San Cosimato or the numerous boutique shops lining the streets.

The infrastructure in Trastevere, while charming, can be a bit of a double-edged sword. The narrow, cobblestone streets add to the area's allure but can be challenging for driving and parking.

However, public utilities and internet connectivity are generally reliable, ensuring a comfortable living standard.

In terms of accessibility, Trastevere is well-connected to the rest of Rome. The Trastevere train station offers services to various parts of the city and to major transport hubs like Fiumicino Airport.

Additionally, the area is served by multiple bus lines and tram line 8, making it easy to reach the city center and other important locations.

Public transportation in Trastevere is quite efficient. Besides the aforementioned trains, trams, and buses, the area's walkable nature makes it easy to explore on foot or by bicycle.

This connectivity not only enhances the appeal of living in Trastevere but also makes it a practical choice for those who wish to enjoy the full spectrum of what Rome has to offer.

How much does it cost to buy real estate in Trastevere?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Italy.

Buying a property in Trastevere is an attractive proposition for many, but it's important to understand the nuances of the market there.

Trastevere offers a variety of residential properties, predominantly featuring apartments, including those in ancient buildings with distinct architectural styles. Houses and luxury villas are less common but can be found in some parts of the area.

The high demand for properties in Trastevere is largely due to its unique blend of historical charm, vibrant street life, and a strong sense of community, making it a coveted location for both locals and expatriates.

In terms of availability, Trastevere is primarily known for resale properties rather than new developments. This is partly because the area is a well-preserved historical district where new construction is limited to maintain its architectural integrity.

The properties here often include renovated apartments in older buildings, which blend historical features with modern amenities.

The price range for properties in Trastevere can vary significantly, largely depending on the size, condition, and exact location of the property. On average, prices per square meter can range from a mid to high level compared to other neighborhoods in Rome.

It's important to note that properties closer to popular landmarks or with views of notable sights tend to command higher prices.

Over recent years, property values in Trastevere have shown a steady increase, reflecting the area's ongoing popularity and limited supply of available properties. This trend is expected to continue, given the enduring appeal of the neighborhood.

Looking at future developments and city planning, Trastevere may not see significant new construction projects due to its status as a historical area.

However, any infrastructural improvements or enhancements in public transportation within or near the neighborhood could impact property values positively.

For instance, enhancements in connectivity to other parts of Rome or upgrades in local amenities can make the area even more desirable.

Predictions for the real estate market in Trastevere in the coming years suggest a continued increase in property values. This is due to several factors, including the area's limited supply of properties, its appeal to both domestic and international buyers, and its resistance to major market fluctuations seen in other regions.

Specific factors indicating a potential increase in property value in Trastevere include the ongoing demand for housing in historical centers, the charm and allure of the neighborhood, and the steady influx of tourists and expatriates, which sustains interest in the area.

Additionally, any future improvements in local amenities and infrastructure, while preserving the historical character of the neighborhood, could further enhance property values.

Where is the best area to buy a property in Trastevere?

When considering the best area to buy a property in Trastevere, it's important to understand that this charming neighborhood offers diverse options, each with its unique atmosphere and appeal.

Trastevere is renowned for its picturesque streets, rich history, and vibrant culture, but different parts of this area vary in terms of property types, prices, and overall ambiance.

The heart of Trastevere, particularly around Piazza di Santa Maria in Trastevere, is known for its lively atmosphere. This central area is bustling with cafes, shops, and restaurants, making it an attractive spot for those who enjoy being in the midst of a vibrant urban life.

Properties here mainly consist of apartments in historic buildings. Due to its popularity and central location, property prices in this area tend to be on the higher side.

Moving away from the center, the atmosphere becomes slightly more subdued and residential. Areas like Vicolo del Bologna or Via della Scala offer a quieter living experience while still retaining the charm and convenience of Trastevere.

In these areas, you might find a mix of traditional apartments and some renovated units. Prices can be somewhat more approachable compared to the very center, though Trastevere as a whole is considered a premium location in Rome.

As for up-and-coming areas within Trastevere, the southern parts, closer to Tiber Island and along Viale di Trastevere, are gaining attention. These areas are slightly less touristy and offer a more authentic Roman lifestyle.

They are becoming increasingly popular among buyers who seek a balance between the vibrant Trastevere life and a more relaxed neighborhood feel. Prices in these areas can offer a bit more value compared to the central parts.

If you're considering buying a property in Trastevere, looking around Piazza di San Cosimato or Via Natale del Grande can be a good idea.

These areas provide a pleasant blend of residential comfort, local culture, and accessibility to Trastevere's lively streets, without being in the midst of the most crowded parts.

On the contrary, areas immediately adjacent to the major nightlife spots in Trastevere might be less advisable for those seeking a quieter lifestyle. While these areas offer an immersive experience in Trastevere's lively culture, they can also be quite noisy, especially at night, which might not be ideal for everyone.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Italy.

Area	Atmosphere	Property Types	Price Range
Piazza di Santa Maria in Trastevere	Lively, urban	Apartments in historic buildings	Higher
Vicolo del Bologna, Via della Scala	Subdued, residential	Traditional and renovated apartments	Moderate
Southern Trastevere (near Tiber Island, Viale di Trastevere)	Less touristy, authentic Roman	Variety of apartments	More value
Piazza di San Cosimato, Via Natale del Grande	Residential, local culture	Mix of apartments	Varied
Areas adjacent to major nightlife spots	Noisy, vibrant	Apartments close to nightlife	Varied, potentially higher

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Is there a strong rental demand in Trastevere?

Trastevere, known for its picturesque streets and vibrant atmosphere, is indeed a hotspot for rental demand in Rome.

This demand comes from a blend of both short-term and long-term rentals, each catering to different demographics and preferences.

For short-term rentals, Trastevere is particularly popular among tourists and visitors who seek an authentic Roman experience. The target demographic here is quite broad, ranging from solo travelers and couples to families and small groups.

These guests are typically drawn to the charm and liveliness of Trastevere, seeking accommodations that allow them to immerse themselves in the local culture.

The properties in high demand for short-term rentals are furnished apartments, often with characteristic features like exposed beams, terracotta floors, or balconies with street views. Areas near landmarks like Piazza di Santa Maria in Trastevere or along the main streets bustling with cafes and shops are particularly sought after.

Long-term rentals in Trastevere attract a different profile of tenants. These are often young professionals, expatriates, or students from nearby universities and international schools. They are usually looking for a blend of comfort, convenience, and the unique Trastevere lifestyle.

The preferred properties for long-term rentals are typically unfurnished or semi-furnished apartments, offering a good balance of modern amenities and traditional charm.

Areas slightly off the main tourist paths, offering a quieter living environment yet still within easy reach of Trastevere's vibrant center, are highly desirable for this group.

Amenities that can help reduce vacancy and attract tenants include modernized interiors, air conditioning, reliable internet connectivity, and proximity to public transport links. These features cater to the needs of both short-term and long-term renters, enhancing their living experience and thus making the property more appealing.

Regarding potential returns on investment, properties in Trastevere can offer attractive yields, especially given the sustained demand. For short-term rentals, the returns can be significant, often higher than long-term rentals, due to the ability to charge higher per-night rates.

However, this comes with the need for more active management and potential seasonal fluctuations. Long-term rentals, while offering lower yields compared to short-term, provide a more stable and predictable income stream.

Properties that are increasingly in demand, potentially offering better yields, are those that successfully blend historical charm with modern amenities.

Properties that cater to the growing trend of remote work, such as those with dedicated workspaces or enhanced internet connectivity, are also seeing increased interest.

Moreover, properties located in quieter parts of Trastevere, which offer a respite from the bustling tourist areas while still being close to the neighborhood's attractions, are becoming more sought after, especially for long-term rentals.

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Is it easy to buy a property as foreigner in Trastevere?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Italy.

Buying a property in Trastevere, Rome, as a foreigner is quite feasible, but it does come with certain considerations and steps that are important to understand.

Firstly, in Italy, there are no specific regulations or restrictions that apply solely to foreign buyers. This means that, as a foreigner, you have the same rights to purchase property as a local would.

However, the process of buying property in Italy can be complex and different from other countries, so it's crucial to be aware of the nuances.

The purchasing process in Trastevere typically starts with finding a property and making an offer. Once the offer is accepted, a preliminary contract (compromesso) is signed, and a deposit is usually paid. This contract outlines the terms of the sale and commits both parties to the transaction.

The final step is the deed of sale (rogito), signed in front of a notary, where the remaining balance is paid, and the property is officially transferred.

Regarding risks, investing in Trastevere, like any property investment, carries its own set of challenges. The primary risks include potential legal issues with the property, such as unclear titles or unresolved property disputes.

Another risk is the fluctuating property market, although Trastevere, with its enduring appeal, tends to be more stable than other areas.

Classic pitfalls for foreigners include underestimating the importance of due diligence, especially regarding the legal status of the property. It's not uncommon for properties in older areas like Trastevere to have complexities in their titles or paperwork.

Additionally, navigating the Italian bureaucratic process can be challenging without a good understanding of the local system and language.

Working with a local real estate agent and/or lawyer is highly advisable. They can provide invaluable assistance in navigating the local market, understanding legal requirements, and ensuring that all paperwork is in order.

As for exit strategies, property investors in Trastevere typically consider either selling the property later, often after appreciation in value, or renting it out, either as a short-term or long-term rental.

The neighborhood's popularity makes it a potentially lucrative market for rentals, especially given its appeal to tourists and expatriates.