Thursday 19 March 2015

RESIDENTIAL SALES RISE IN ITALY IN 2014!

2006 was the best ever year for residential sales in Italy. As the graph below shows, from 2007 onwards there was a steady decline in sales, with a significant drop from 2011:


Figures show however, that the market is on the up finally, for the first time since the 2005-06 season, with residential sales in 2014 rising by nearly 10% compared to 2013, with a 7% rise in the last quarter of 2014. The quantity of mortgage finance issued in 2014 also bears out the evidence of an upwards trend, with a rise of over 30% compared to 2013. There is great confidence that 2015 will show more growth and continue the ascent.

Tuesday 17 March 2015

Cinecitta World - Theme park in Rome

 
Cinecitta World, a  250 million euro project 11 years in the making, has opened its doors to the public in Rome.
Built on the site of the former studios of  Dino Di Laurentiis, known as Dinocitta, Italy’s first cinema theme park is set to inspire guests to step into the world of cinema creation. The park, which boasts 20 attractions, eight film sets, four restaurants and four theaters, is small relative to the size of Disneyworld or Universal Studios, but park chairman and CEO  Emmanuel Gout says it offers something much more. “At Universal Studios you step into their movies. America organizes the dream for you. There’s not a lot of space for personal imagination,” says Gout. “What we’re able to do is offer a place for shooting movies, where you can excite your imagination for cinema.”
 
 
 
The focus of the park is on a cinema studio, not on the product. The park staff are not dressed as cowboys or aliens, but as set technicians, constantly “filming” a movie that doesn’t exist. Oscar-winning composer Ennio Morricone created the soundtrack for the park’s Sergi Leone inspired Western set. Dante Ferretti, who has taken home three Oscars for art direction, did all the drawings for the park. He drew inspiration from his “three historical co-conspirators,” Federico Fellini, Pier Paolo Pasolini and Martin Scorsese. 
 
The sets are not taken from specific movies, with the exception of the park’s entrance, a daunting temple taken straight from the 1914 silent film Cabiria. Other sets include more generic versions of ancient Rome, a spaceship, a submarine, and an old-time New York set. Gout works out of the park’s headquarters inside an original Dino De Laurentiis office building. Inside the building, there’s still a small private elevator, painted in gold. This led directly to De Laurentiis’ apartment, where he could “inspect” prospective actresses for his films. A helix-shaped staircase leads up to offices, which still retain their 1960s character.
 
“My job here was to organize Italian excellence,” says Gout, who credits the parks top quality across food, design, shows and production. Indeed, the level of attention can be seen on anything from colorful park benches to playful streetlights. Immaculately detailed Bumper cars seem inspired by the 1950s Ferrari. A 260-ft fountain shoots water 65 feet high, with an Italian flair set to rival Dubai.
 
As Italy doesn’t do fast food, the four restaurants on site all feature top local food made on premises. Cinecitta World’s biggest rollercoaster takes guests on a smooth ride of ups and downs, and a hell-inspired ride peaks with the devil surrounding each car before dropping it 16 feet into darkness.
 
The park is expecting 1.5 million visitors by 2015, with an estimated turnover of  55 million euros. Whether the park can attract repeat visitors will remain to be seen. The average tourist visit to Rome is only two to three days, as after jam-packed days of sightseeing the Vatican and Coliseum; they are too worn out to stay longer. Cinecitta World wants to add an extra day to that journey.
 
It doesn’t hurt that the Castel Romano Designer Outlet, which attracts four million visitors a year, is directly across the street. And Gout has spent a great deal of time training his new staff on the ins and outs of service, something rarely seen at high levels in Europe.
 
Cinecitta is the largest film studio in Europe, and counts Martin Scorsese and Paul Haggis amongst its regulars. For the studio, which has fallen from over 350 productions a year in their heyday, to just 50 in the last six years, Gout expects Cinecitta World to bring some fresh air to the industry. “It’s a window for what Cinecitta can do for cinema,” he says.
 
Cinecitta World is open daily from 10 a.m. to 11 p.m. Tickets cost €29 and €23 for reduced admission.

  

Colosseum goes green for St. Patrick

 

 

Rome's Colosseum was illuminated green overnight in celebration of St Patrick’s Day, the first time the monument has been part of the annual celebration. One of the Eternal City’s most famous ancient sites was bathed in green ahead of celebrations on March 17th, Ireland’s national holiday which has become a global event.

Lighting up the Colosseum was part of a collaborative effort between the Irish embassy in Rome, city hall and the culture ministry. Ahead of the illumination Charlie Flanagan, Ireland’s foreign minister, said he was “delighted” the Colosseum would take on an Irish tint.

Niall Gibbons, CEO of Tourism Ireland, said the decision to include “one of the most famous monuments in the world” marked “a major coup for Irish tourism.” 

 

Dozens of major landmarks worldwide have been lit up this year to mark St Patrick’s Day, including Italy’s Leaning Tower of Pisa.