Foreign residents in Sernio

Buy or rent

25.6 years of rent here equal the purchase price — above the national median of 22.2 years.

A ratio between two OMI prices, not a return on investment. It leaves out purchase taxes, IMU, maintenance, financing and the months a place sits empty — all of which push the real figure up. Useful for the question it does answer: whether this town looks expensive to buy relative to what renting in it costs.

Condition

Housing here in excellent condition costs 27% more than ordinary condition — €1,237/m² against €975.

That gap is what the market charges for a place you don’t have to work on. It is not what the work would cost you — OMI prices property, not builders.

House or apartment

A detached house here averages €975/m², against €975 for an apartment.

Compared street for street — houses and flats priced in the same neighbourhood — a house costs 3% more per square metre — the opposite of what the two averages above suggest, because OMI prices houses and flats in different parts of town.

OMI prices “Ville e Villini” separately from the apartments every other figure on this page describes. Nationally a house costs about 14% more per square metre, but in 450 comuni it costs less — worth checking rather than assuming.