In recent years, however, low prices and low interest rates on mortgage loans have helped keep the sector afloat. The residential real estate market in Italy has struggled since the financial crisis of 2008. On average, renting a house, flat, or residential property in Italy cost approximately 12 euros per square meter as of September 2022. Renting a house in the southern region of Calabria, the cheapest in the country, cost on average almost three times less per square meter than in Lombardy. In comparison, the average rental price for residential real estate in the region of Lombardy, where Milan is located, was roughly 16 euros as of October 2022.ĭespite being much lower than in Milan, the average rental price for residential real estate in the region of Lombardy was among the most expensive in the country. Similar average prices were also recorded in the areas of Garibaldi, Moscova and Porta Nuova with an average value of about 27 euros per square meter. It does not store any personal data.The city of Milan boasts some of the highest prices in the residential real estate sector in the country, with monthly rents in the inner-city center priced at almost 29 euros per square meter as of October 2022. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category 'Performance'. This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category 'Necessary'. The cookie is used to store the user consent for the cookies in the category 'Other. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category 'Functional'. The cookie is used to store the user consent for the cookies in the category 'Analytics'. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. We also needed to work around UKPN Extra High Voltage cables, which meant excavating the entire length of the street for new ductwork, with minimal disruption to traffic flow.

We needed to manage the logistics of delivering materials and components to a central London location (including 38 containers of granite) and make sure we caused as little disruption as possible to local business and residential communities. There were some significant challenges with this project.

Fitting new lighting features throughout.

Installing new urban furniture and structures including, individual seats, play equipment, litter bins and cycle stands.

Planting trees in hard and soft planting areas.

Relaying the entire pavement in a mix of granite, resin bound and macadam surfacing.

Installation of bespoke granite walling with sections of integrated hardwood seating.

Diverting multiple utilities and improvements to the drainage.Following a detailed tender process, idverde were appointed as Principle Contractor to deliver the project.

Total spaces alfred