Istat: property prices register a growing trend as transactions decline

03 July, Istat

Istat reports that the IPAB Index, which measures the prices of properties bought as main residence as well as investment, grew by 0.9% in Q1 of 2020 compared to the previous quarter and by 1.7% compared to the same period of 2019.

Meanwhile, transactions sharply decreased (-15.5%) due to the measures adopted to contain Covid-19. However, this gap between increasing prices and declining sales did not have any relevant impact on the prices of residential properties since these were agreed before the pandemic started.

Source: Istat

Translator: Cristina Ambrosi

Istat: property prices resumed growing

23 December, Il Sole 24 Ore

Istat reports that property prices rose by 0.4% p.a. in the third quarter of 2019, mainly due to new construction (+1,7%). This is the first increase since the fourth quarter of 2016. However, the trend still needs to consolidate, as prices decreased by 0.3% from the previous quarter.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

BNP Paribas: property prices in Italy still declining in 2019

11 October, Il Denaro

According to the latest report by BNP Paribas on the residential market, Italy is the only European country reporting a negative variation of property prices p.a.

Istat reported that in the first quarter of 2019, prices declined by 0.8% p.a., while property transactions increased by 8.8% from the previous quarter, reaching 139 thousand units. Between January and March 2019, prices of dated properties decreased by 1.3% p.a., while prices of new houses grew for the sixth quarter in a row.

Source: Il Denaro

Translator: Cristina Ambrosi

 

Istat: +1.3% for property prices in Q2, -0.2% in a year

26 September, Il Sole 24 Ore

Property prices have further decreased on yearly basis (-0.2% from the same period of 2018), although they grew by 1.3% in the second quarter compared to the start of the year. The growth is due to existing houses, which rose by 1.5%, while new houses are substantially stable (-0.1%).

Property prices increased in the north of the country (+0.2% in the north-west and +1.7% in the north-east), while they continued declining in the centre and the south (respectively by 1.7% and 1%), although at a slower pace. Milan registered the sharpest growth with +6.9%, while Rome decreased by 2.8%.

Despite the positive trend of prices, as S&P showed in its latest report, the outlook for Italy for the next two years is negative.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Istat: house prices dropped by 17.2% from 2010

25 September, Il Sole 24 Ore

In the third quarter of 2019, property prices declined by 0.5% from the previous quarter and by 0.8% compared to the same period of 2018. On the other hand, prices for new houses grew by 1.7% (+0.6% from Q4 of 2018). Houses prices decreased by 17.2% from 2010. This trend is almost entirely due to existing houses, whose values dropped by 23.7%.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Property prices dropped by 17.2% from 2010

02 July, Repubblica

Istat reports that, in the first quarter of 2019, property prices were 17.2% lower than the average values registered in 2010. At the same time, transactions keep growing.

This trend is mainly due to dated properties, whose prices had decreased by 23.7%, while values for new houses have even slightly increased (+0.8%).

Source: Repubblica

Translator: Cristina Ambrosi

2010-2018: the recovery of real estate

18 May, Il Sole 24 Ore

Istat reports that the IPAB Index, measuring the property prices, grew till 2011, reaching the maximum level of 120.7, for then declining up to 2018 (98.2), although the decrease has been less dramatic in the past few years.

Concerning transactions, 2011 registered a peak of 235 thousand transactions, for then declining sharply in 2012 and reaching a minimum of 127 thousand transactions in 2013. Sales resumed growing in 2014, reaching 230 thousand transactions in 2018.

A large part of the transactions was reported in the north-west (2.1 million) and the north-east (1.3 million); while the centre reported nearly 1.3 million, the south 1.1 million and the islands 527 thousand.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

The residential market is growing

29 April, Corriere della Sera

Istat reported a recovery of residential sales. The notary deeds for 2018 show a 55% increase of residential transactions. In the fourth quarter of 2018, transactions rose by 7.8% for residential properties and by 4.8% for commercial ones.

Source: Corriere della Sera

Translator: Cristina Ambrosi

Istat: residential transactions rose by 5.5% in 2018

23 April, Il Sole 24 Ore

In the fourth quarter of 2018, real estate transactions rose by 4.7% from the previous quarter, with 230,258 transactions in total. The growth had been homogeneous throughout the country: +5.5% for north-west, +4.7% for north-east, +4.4% in the centre, +2.8% in the south and +1.8% in the islands. 93.9% of the transactions concerned residential properties, with a 2.2% increase of mortgages and other types of funding. The yearly growth was equal to 5.5% for residential properties and 5.8% for commercial assets.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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