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Fiaip: real estate reported mixed results in 2018
04 May, Milano Finanza
Last year the national real estate market grew thanks to the positive trend of property transactions, while prices continued decreasing, both for residential and commercial assets. Residential transactions increased by 6.6%, registering a good trend of investments in short-term rentals, especially in culture and tourist destinations. Transactions were favoured by the low interest rates offered by banks and by the increased offer on the market, as many property owners decided to sell pushed by high taxation. In 2018 property prices decreased in Rome (-1.5%), Turin (-1.1%) and Genoa (-1.7%).
Source: Milano Finanza
Translator: Cristina Ambrosi