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The residential market tries to restart (despite the uncertainties)
18 May, Il Sole 24 Ore
Scenari Immobiliari estimates residential transactions dropping to 83 billion euro in 2020 from the previous 96 billion registered in 2019. The restart heavily depends on the income of the households, which suffered the closure of many businesses. Transactions, however, are expected to resume growing in 2021 (100 billion).
According to the portal Casa.it, searches have restarted after the initial shock, with the preference for houses featuring terraces, balconies and plenty of light. Prices will likely increase for quality properties, while they will decrease for low-quality houses.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi