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Erasmus benefits Italian real estate market

Posted: 23 September 2016

Italy is the 5° European country chosen by students who participate in the university exchange program, Erasmus+.

The program is a real blessing for Italy’s real estate market, in particular for the areas where there are universities that attract a large number of foreign students.

Bologna is the city with the largest number of foreign students. They spend at least €402 a month for a single room. This business generates earnings for €9 million during the academic year.

Rome is in second place, for a total of €4 million of profit (€437 a month for a single room).

And then there is Florence where earnings are about €3 million (€418 a month for a single room).