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Residential market: +8.6% in Q1

 

Revenue Agency: Florence, Genoa, Milan and Rome on top. Stores +10.8%

The real estate market continues to grow in the first three months of 2017: the residential sector, even though at a more moderate pace, grows by 8.6%, with double digits increases for the house sales in Florence, Genoa, Milan and Rome. The commercial segment (offices, banks, shops, commercial buildings, depots and garages), shows an increase of 10.8%, exceeding 20 thousand real estate units. This is what is stated in the report from Omi, the observatory for the real estate market of the Revenue Agency. A faster growth has been registered for the basements and attics segment, which in the first quarter of 2017 gained the 17%, whereas for garages and parking spaces the trend is aligned with that of the houses (+8.7%).

The exchanges with the manufacturing sector are also growing (+12.2%). The houses sold have been 122 thousand, almost 10 thousand more compared to the same period in 2016.