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Spain 
Greece 
Property prices, -15% in one year
05 September, Italia Oggi
The Confedilizia president, Giorgio Spaziani Testa, commented that “the data coming from the national committee of notaries are worrying. In one year, the average values of properties plummeted by almost 15% (14.9%), having gone from 148 thousand to 126 thousand euro. If we compare these figures with the previous years, the decrease would be even sharper. This is another confirmation of the crisis of Italian real estate, as Confedilizia denounced a long time ago. The savings of families and enterprises are reducing with the days. However, too many continue seeing with optimism the partial recovery of transactions, although most of them are actual sell-outs”.
“Italian real estate is in countertrend in comparison with the other European countries, as shown by Eurostat. The reason is very simple: the insane fiscal policies had literally annihilated the whole industry and all the businesses connected to it. It’s time to acknowledge this and take measures to change the trend”.
Source: Italia Oggi
Translator: Cristina Ambrosi