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ENERGY

Italian monuments go dark in protest against energy bill hike

Monuments across Italy, from Rome's Capitoline Hill to the Ponte Vecchio in Florence, will go dark on Thursday evening in a symbolic protest by municipal authorities against soaring electricity costs.

Florence's Palazzo Vecchio will turn off its lights in protest at rising energy prices.
Florence's Palazzo Vecchio will turn off its lights in protest at rising energy prices. Photo by FILIPPO MONTEFORTE / AFP

The ANCI association of Italian communes estimates bills will rise by at least 550 million euros (around $630 million) for local councils, out of a total annual electricity expenditure of 1.6-1.8 billion euros.

“The increase in bills is a burden and puts families and institutions in serious difficulty”, with many already struggling due to the coronavirus pandemic, Rome Mayor Roberto Gualtieri said in a statement.

READ ALSO: Electric bills in Italy set for record 55 percent rise from January

He is switching off the lights of the Capitoline, Rome’s town hall, for an hour from 8:00 pm (1900 GMT).

In Florence, the Palazzo Vecchio, Ponte Vecchio and Palazzo Medici Riccardi will be turned off for 30 minutes at the same time.

Similar action is planned in Milan, Turin, Bologna, Pisa and others as part of the ANCI-organised initiative.

ANCI chief Antonio Decaro said government support so far is not enough.

Prime Minister Mario Draghi’s government has so far pledged 5.5 billion euros to help households and businesses with soaring electricity and gas bills.

Draghi on Wednesday said the government was preparing a further “far-reaching intervention in the coming days”.

READ ALSO: Italy ups financial aid as energy costs soar again

Beppe Sala, the mayor of Milan, said his city already used many LEDS.

“There’s not much more we can do (to reduce costs) other than to reduce the lighting,” he said.

The temporary blackout was intended to “give a message to the government”, he said.

Energy prices have soared over the past year and Italy is heavily dependent on imports to meet its oil and natural gas needs.

According to a study by S&P Global Ratings, cited by La Stampa daily, the rise in electricity will cost at least 35 billion euros extra for the country in 2022.

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PROPERTY

Revealed: The most expensive places in Italy to buy a house in 2022

Many factors are at play when deciding where to purchase a home in Italy. To help you decide, here are the most expensive and sought-after locations in Italy, according to the latest data.

Revealed: The most expensive places in Italy to buy a house in 2022

Searching for the right property in Italy involves a balancing act of location, price, convenience and how much, if any, restoration work needs to be done.

Budget usually tops the list for house-hunters, narrowing down the number of potentials for making your move to or within Italy.

If the entire country is your blank slate, here are the areas in Italy that rank as the most expensive – and desired – according to data from property portal Idealista for the first quarter of 2022.

The report ranks the top 100 municipalities according to popularity, based on those listings generating the most leads (email contacts and shares) and those where the average final sale price is highest.

READ ALSO: How bargain homes made one Italian town €100 million in two years

Taking the top spot for the most expensive place to buy in Italy is Pietrasanta in Versilia, in the province of Lucca, which the researchers also state holds first place in the top 100 most expensive places to rent a house too.

This area includes the playground of the rich, Forte dei Marmi, where the average selling price of a house is over half a million euros (€541,351).

The table below shows the full ranking.

In second place is Alassio, in the province of Savona, where homebuyers will on average shell out €467,019 for a residential property (again, valid for the first quarter of 2022).

Venice comes in at third place, where the average asking price is €433,640.

READ ALSO: EXPLAINED: The hidden costs of buying a home in Italy

In the top 10 spots, the report noted that the most expensive properties are in tourist resorts, possibly driven by those wanting second homes in popular locations.

Such locations include Lerici, Riccione, Desenzano del Garda, Camaiore and Cervia, while the cities of Florence and Milan, where average sale prices exceed €350,000, have also made the top 10.

The study revealed that the final average price of a house for sale in Rome is €273,341.

Researchers also looked at popularity of locations, based on pressure of demand on supply across Italy.

Bologna topped the charts, making it the city with the highest number of contacts per advert (4.7) of houses for sale published on idealista. Cagliari followed in second with 3.8 contacts per advert and Milan (3.4 contacts per advert). Trieste, Naples, Rome, Salerno, Brescia, Verona and Lecce also made the top 10.

READ ALSO: 15 insider tips to make living in Bologna even better

Here’s a selection of the most popular places to buy in Italy based on the report data, narrowed down to the top 20.

See more in The Local’s Italian property section.

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