Lunedì, 22 Ottobre 2018

House prices down 1.8% in 2013


Milan, September 11 - House prices in Italy will
decline an average of 1.8% this year but things look a bit
better for 2014, according to a European survey released
While Italy's housing market is "weak" at the moment, it
shows signs of recording a slight price increase of about 0.2%
next year, said the European Outlook 2014.
The Italian government's decision to abolish the IMU
property tax, even though it is to be replaced, should give a
bit of a boost to markets, the study said.
The survey found that the seven-year average, from
2007-2013, saw the Italian residential real estate market drop
by 22%.
That was still better than the decline recorded in other
European countries that endured real-estate bubbles in that same
period, such as Spain, reporting a 48% drop and England, 44%.

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