Anyone with a home in Rome near to one of the more recent architectural show-pieces is finding that the value of property in these areas is rising dramatically. Property owners at the Villagio Olpimpico, next to Renzo Pianos Auditorium, Parco della Musica, many of whom bought their apartment 10 years ago for as little as 775 per sqm, are finding that they can sell them for as much as 4,000 per sqm and even more. The area has become fashionable and a lively part on Romes night life. But it is not only the Villagio Olimpico that has benefited from a famous architects work. When Richard Meier completed his beautiful modern church at Tor Tre Teste in 2003 near the much less fashionable Via Prenestina, homes and offices near to the church were selling for 1,500 per sqm; they have now doubled in value and properties are selling for 3,000 - 3,500 per sqm. Agents will be watching carefully to see what happens to prices around the Piazza Augusto Imperatore where the Richard Meier designed museum to house the Ara Pacis is due to be uncovered in September. Home buyers would be well advised to take a look at what is on the Roman drawing board; spot the famous architect and buy your apartment quickly before prices in the area shoot up.
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