To rome with love: sotheby expands across italy

Sotheby's has opened a new office in Rome, as the company expands across Italy.

Lodovico and Clemente Pignatti Morano will own and manage Rome Sotheby's International Realty. They also are managing partners of Milan, Lake Como and Tuscany Sotheby's International Realty.

"Our expansion across Italy continues our commitment to providing access to the Sotheby's International Realty network's exclusive real estate services in key cities around the world," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC.

"Rome Sotheby's International Realty enhances our presence in Europe, and provides a strong footprint in one of the most beautiful and historic cities in the world."

"Rome, the eternal city, has been attracting visitors for two millennia but it is still one of the most exhilarating and romantic destinations in the world," adds Morano.

He adds that the Rome property market is a "strong opportunity in Italy".

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

"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."