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House sales increased between July and September

08 December, Il Sole 24 Ore

The positive trend of the Italian residential market is going on. According to the latest survey by the Revenue Agency, the third quarter of 2018 (generally the quietest quarter of the year due to the summer holidays) reported 130,609 sales for houses, having increased by 6.7% from the same period of 2017 (which registered 122,373 units). Basements and attics also reported positive results, with transactions increased by +9.2%, as well as parking spaces (+5.3%).

The residential market has been consistently growing since 2014. In the period between July and September 2018, smaller cites (+7.4%) and the north-east of the country (+13.4%) were the most dynamic. On the contrary, provincial capitals are stuck at a 5.5% growth.

The market in Milan has stopped (-2.4% against +4.4% in the previous quarter). In this case, the stop is due to the property prices that resumed growing. Bologna is the most active city (+23.7%), followed by Palermo (+8.5%), Genoa (+7.2%), Turin (+4.5%) and Naples (+3.6%). Finally, Rome reported 7,151 transactions (+3.4%).

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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