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Italy is the last in Europe for growth

11 January, Italia Oggi

The residential market is growing all over Europe (+4.5%), except in Italy (and in Croatia). The president of Confedilizia, Giorgio Spaziani Testa, declared that “according to Eurostat, house prices have increased by 4.5% in the European Union and by 4% in the eurozone in the first quarter of 2017 compared to the same period in 2017. Italy is an exception, registering another drop (together with Croatia). It’s impossible to not realize how this ongoing negative trend, placing Italy at the bottom of the chart in Europe, is due to the auto-destructive taxation policies that were introduced by the Monti administration and that have never been corrected since then. Burdening with taxes for 50 billion euro a sector that has always been for Italy the main driver of its economy is a suicide. Confedilizia proposed a long time ago measures to invert this trend. These discouraging numbers coming from Eurostat should be an incentive to take some action”.

Source: Italia Oggi

Translator: Cristina Ambrosi

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