Istat: house prices are down – 5.3% in 2014 and will continue to fall


Istat: house prices are down – 5.3% in 2014 and will continue to fall

Laws&Regulations Sep 12, 2013 No Comments
According to the latest report published by ISTAT (The Italian Statistics Service), the month of September 2013 saw an accelerating decline in prices over the previous quarters -1.2% compared to -0.6% in August.

It also shows a slowdown in the decline on an annual basis to -5.3% from -5.9%. Also according to the ISTAT, real estate prices fell by an average of 20% compared to the years before the crisis; this has to be an average as they do not use specific property cases. Analysts predict that in 2014 the prices will continue to fall, seeing a decrease between 3 and 5%. If this data is accurate, then the sellers’ situation will be well known by buyers who will see that 2014 is a good year for property investment due to the lowering of the spread and the newfound financial stability. This should offer better opportunities for those who want to apply for a mortgage or loan.

Edited by Antonio Maprosti

Press Office

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