Renowned property consultancy Sotheby’s International Realty has expanded its network of offices in Europe with a new presence in the Italian capital.

Managing partner Lodovico Pignatti Morano says: “The Rome real estate market represents a strong opportunity in Italy in terms of sales and rentals for properties, and we are thrilled to represent the Sotheby’s International Realty brand in such an important location.”

Diletta Giorgolo Spinola, head of sales for the Rome office, adds: “Despite the economic crisis that hit the Italian real estate market over the last few years, property prices in many neighbourhoods did not fall, especially in the historic centre, where there are apartments and penthouses for sale with antique features including frescos and vaulted ceilings.

“Apartments with views on the picturesque squares and renowned fountains are the most sought-after. In other residential areas such as the Parioli, prices fell and it is now possible to find exciting deals.”