Description
A unique chance to acquire a residential project with significant profit potential.
The project involves completing a residential building consisting of approximately 40 apartments, along with garages and outdoor parking spaces.
A terraced building spread over five above-ground levels, with cellars and garages on the ground floor, "advanced shell" apartments on the 1st and 2nd floors, and Attic and SuperAttic units to be finished on the 3rd and 4th floors, which will maximize the final value of the asset.
In a vibrant expanding market, Novara strategically positions itself as the epicenter of a profound economic transformation, which will trigger substantial real estate demand rich in opportunities.
Novara is becoming a true “International Technology Hub,” especially with the arrival of “Silicon Box,” a strategic €3.2 billion investment to create an innovative semiconductor plant. This will attract around 1,600 highly specialized technicians and professionals, generating an urgent demand for quality housing.
Furthermore, the Fashion and Luxury Hub, a true “Fashion Valley,” is continuously growing with major investments from global brands, including the Kering Group (Gucci, Saint Laurent, Balenciaga, Bottega Veneta, Alexander McQueen, Brioni, Sergio Rossi, etc.), Prada Group, Versace, and Zegna, further enhancing the city’s prestige and economic strength.
A major public infrastructure project, the future “City of Health,” an impressive state-of-the-art hospital complex, promises to catalyze further growth for the local market and related industries, ensuring long-term stability and development.
However, the dynamic Novara real estate market is characterized by a marked shortage of modern, high-standard housing, especially for the growing segment of qualified professionals and university students, creating an ideal environment for new investments.
The city is experiencing a steady appreciation of property values. The market has shown positive growth over the past two years, with sale prices increasing by approximately 6% in the last 12 months—highlighting market robustness—and projections indicate a potential increase of around 15-20% over the next 3 to 5 years.
Project Features: Residential building to be completed on a plot of approximately 4,800 sqm, with a total volume of about 3,700 sqm, divided into 40 apartments plus garages, parking spaces, and cellars.
The project entails completing the works with the construction of a “Green Residential Building,” highly efficient and appealing to buyers, perfectly aligned to meet the growing demand in Novara’s market.