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Nomisma: residential market down by 118thousand transactions in 2020

25 March, Il Sole 24 Ore

Nomisma forecasts that the impact of coronavirus on the Italian real estate market will last for several months, resulting in a further decline in prices. The context before the pandemic was already fragile, although the weak demand was balanced by the investment component. Concerning the future, incentives to the demand and investments from banks and The Government will be vital. According to an optimistic outlook, there might be a reduction in residential transactions equal to 50thousand, or 118thousand in the worst-case scenario. Prices will likely decrease by 1.3%-1.4% in 2020-2021.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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