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S&P is positive regarding the Italian real estate

06 September, Milano Finanza

The Italian real estate has passed the Standard & Poor’s test. “Property prices in Italy will rise again this year reaching 0.2% and up to 1.3% in 2019 thanks to the better economic conditions”, as explained by the analysis by S&P. However, the unemployment rate is still high, and the GDP reached the 1% threshold only last year. But the parameters of the real estate market are improving, and the trust towards the construction sector is back to the 2008 levels. “We’re hoping in a breakthrough of real estate this year”, continues S&P. “We estimate a rise of the GDP by 1.3% this year and then by 1.2%”. The more dynamic labour market will increase families’ income and the demand for houses. Besides, due to the prolonged fall in property prices, the price/income ratio is now below the 20% of the long-term average. However, the recovery has just started, and unemployment remains high, suggesting prices will increase only moderately.

Source: Milano Finanza

Translator: Cristina Ambrosi

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