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Istat: property prices register a growing trend as transactions decline

03 July, Istat

Istat reports that the IPAB Index, which measures the prices of properties bought as main residence as well as investment, grew by 0.9% in Q1 of 2020 compared to the previous quarter and by 1.7% compared to the same period of 2019.

Meanwhile, transactions sharply decreased (-15.5%) due to the measures adopted to contain Covid-19. However, this gap between increasing prices and declining sales did not have any relevant impact on the prices of residential properties since these were agreed before the pandemic started.

Source: Istat

Translator: Cristina Ambrosi

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