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Testaccio

Italy - Rome & Surroundings

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Testaccio - Rome & Surroundings

The neighbourhood of Testaccio is situated in the south of Rome. This typical Roman place is famous for its numerous trendy bars and nightclubs as well as for its dynamic nightlife. In Testaccio, there is a nice mix between traditional and modern Roman ways of life. It was originally an authentic district that used to welcome the Roman working class but in the last years, it became a fashionable place and has starting to host a more wealthy population. The city of Testaccio became the heart of art, culture and food in Rome.

Market overview

The Rome real-estate market represents, with the one of Milan, almost 70% of the Italian housing sales. In 2006, the residential market reached its peak regarding the annual sales but due to the 2007 crisis, this market was considerably impacted. Since 2014, the sector has started to rise and this increase may stabilize over the years. This growth is favoured thanks to low interest rates on mortgage loans. Besides, since 2008, prices have been lower, which is a major advantage for investors. Despite the previous elements, the Rome real-estate market is particularly attractive for foreign investors. It is the perfect time to invest and realize a nice capital gain in the next few years.

Who buys?

The main investors who choose Italy as the country to purchase a property equally come from the United Kingdom and Italy. The majority of the other investors come from Russia and the rest of Europe.

Buying basics

It is possible to buy a property in Italy if you respect the various administrative formalities. It is highly recommended to contact a professional of the real-estate sector. The signature of the sales contrat must be held before a notary. The latest will deal with the writing of the contract, the transaction registration as well as the payment of various taxes (such as the local property, the capital gains, the wealth and inheritance taxes).

Low Season
Nov 01 - Mar 31

Even if Rome can be visited all year long, the period from November to March is mainly rainy and temperatures are colder. However, during these months Rome is less frequented by tourists so it is the perfect time to peacefully discover the city. Besides, prices are lower, except during the affluence period of Christmas and Mardi Gras.

High Season
Apr 01 - Oct 31

From April to October, it is the best moment to enjoy Rome as the weather is particularly favourable and places are less crowded in April/May and in September/October. However, during the Holy Week in Easter and the Rome marathon, millions of tourists converge to Rome to attend these international events.

Peak Season
Jul 01 - Aug 31

The months of July and August correspond to the hottest period in Rome, with suffocating temperatures. But the numerous "Nasoni" fountains, with fresh and drinkable water, allow to quench your thirst between two tours.

MACRO Museum

This is the contemporary art museum of Rome, which is situated in the former slaughterhouse of Rome. Due to these vast buildings, with high ceilings, the museum enjoys large spaces to display. Testaccio was the ideal place to create the museum because the neighbourhood became a major district in terms of cultural and artistic events. To promote contemporary art, MACRO Museum proposes temporary exhibitions and experimental projects as well as permanent art collections, workshops for children, film projections and conferences.

Pyramid of Caius Cestius

The Pyramid of Caius Cestius is the only "Egyptian" pyramid in Europe. It was built between 18 and 12 BC and was commissioned by a wealthy Roman elected magistrate Caius Cestius, who was passionated by the Egyptian era. He has been buried in the pyramid. Originally, the monument was well outside of the center of Rome and was surrounded by stately columns and two bronze figures. Nowadays, the pyramid covered in white marble is in the heart of the city.

Circus Maximus

The Circus Maximus was the largest stadium of Ancient Rome. During over a millenium, popular chariot races were organized here. The circus could welcome 250,000 visitors, which corresponded to a quarter of the Roman population. The circus was built in the 6th century BC with wood materials but due to several fires, it was rebuilt with stones and marble materials. The last chariot race took place in 549 AC and a large part of the circus elements was used to built medieval constructions and afterwards, buildings during the Renaissance era.

The PRESTIGE MLS agents

Matilde CARTONI
Director
Live in it
Raoul SARGHINI
Director
IMMOBILI DI PRESTIGIO
Rome & Surroundings
Discover Hotspots in Rome & Surroundings
As the famous saying states it:"All roads lead to Rome" and this exceptional city has a lot to offer thanks to its 28 centuries of history. Rome, the capital of Italy, is situated in the Latium region, in the center of the country and next to the Tiber river. Nicknamed the "Eternal City", Rome is also the capital of Catholicism as it includes the enclave Vatican (the headquarters of the papacy), which has been an independent state since 1929.Rome is truly an open sky museum by itself as it has preserved a true architectural cohesion. Antique temples and amphitheaters are parts of the  town planning. The countless churches are testament to the early stages of Christianity, along with the sumptuous Renaissance Palaces, the fountains and sq...
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