Istat: property prices continued decreasing in 2018 (-0.6%)
28 March, Il Sole 24 Ore
The -0.6% decrease in property prices is mainly due to existing construction, which reported a -0.7% reduction. The current market conditions, characterised by a negative price trend and the rising number of transactions (+9.3% in the last quarter of 2018), originates from a weak demand and heavily dependent from mortgage loans combined with low inflation. Prices in Rome fell by -1.7%, while in Turin and Milan resumed growing respectively by 0.5% and 2.9%.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi