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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

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