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residential Market News: Spanish Real Estate Intelligence

The residential market is growing thanks to real estate websites
18 March, La Stampa According to the Revenue Agency, transactions for new houses increased by 9.3% from 2017 in the last quarter of 2018, reporting 167,086 deals. This is the 15th positive quarter in a row, and the trend is likely to continue. These positive results may be explained with the rising trend of searching properties on the internet, skipping the middlemen and connecting buyers with sellers directly without any commission, such in the case of Homepal and CasetraPrivati. The main challenges of these channels though are the issues related to cadastral compliance and possible unauthorised construction which may heavily impact a household and that require the help of a good real estate agent. Source: La Stampa Translator: Cristina Ambrosi
 
Property auctions concerned one household every fifty in Abruzzo
18 March, Il Messaggero According to the latest report by Astasy Srl, the region of Abruzzo reported 7,446 property auctions in 2018, corresponding to 3% of the total auctions in Italy and having increased from 2017 (6,082 auctions). The national average reports that one family every 75 is involved in a property auction, while the number rises to one very 50 in Abruzzo. At a national level, procedures increased by 4.6% from 2017. Lombardy is first (19.46%), followed by Sicily (9.77%), Veneto (7.96%), Piedmont (7.98%) and Lazio (6.88%). Source: Il Messaggero Translator: Cristina Ambrosi
 
Tuscany is leading Italy out of recession
01 March, Investire In 2018 Tuscany registered 39,500 residential transactions – half of which in Florence only - and the positive trend is meant to continue. Whereas in Italy the value per square metre decreased in 2018, it remained stable in Tuscany. The Florence residential market has left the recession behind, thanks to the many requalification projects on the existing assets through private investing. Source: Investire Translator: Cristina Ambrosi