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residential Market News: Spanish Real Estate Intelligence

Residential market: growth still at 3.9%. The best deals are in big cities
13 September, Il Sole 24 Ore The residential market reported a slowdown in Q2 of 2019, with transactions grown by 3.9% in comparison with the 8.8% increase registered in Q1. Naples, Turin, Palermo, Genoa and Florence have all reported a decrease in property transactions, while deals have grown in Rome and Milan respectively by 2.7% and 6.1%. Bologna registered the sharpest growth with +11.9%. The price trend in Italy is still negative on the overall, unlike in the Eurozone, where property prices have grown by 4% this year. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Gva to buy Sigest to grow in the residential segment
13 September, Il Sole 24 Ore The consulting company is about to acquire Sigest, the company operating in the residential sector and marketing projects of players such as Bnp Paribas, Borio Mangiarottl, Generali, and Dea capital real estate Sgr. Gva aims at creating a platform to channel the demand coming from big international investors concerning the residential market. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Real estate: the price trend is still negative, although some modest signs of recovery
04 September, Patrimonio e Finanza Despite the recent increase in the number of transactions (+8.8% in the first quarter of 2019), prices haven’t risen yet. Prices generally increased in the big cities: +11.3% in Milan, +11.9% in Rome, +15.2% in Genoa and +12.9% in Bologna. Prices slightly increased for new construction. The market is expected to grow in terms of the number of transactions, led by new construction. For what concerns prices, the stabilisation phase will probably continue, stressing the gap between big cities and provinces. Source: Patrimonio e Finanza Translator: Cristina Ambrosi