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Real Estate News International | Italy24: Housing prices set to fall i

Housing Prices

Real Estate News International | Italy24: Housing prices set to fall in 2015, says Nomisma

Housing Prices Despite the timid signals of recovery in transactions in the residential real estate market, prices are set to fall this year and at least for all of 2015 as well (in an albeit limited way). Unless the economy worsens further, a timid price recovery is expected at least in the cities in 2016, according to research group Nomisma’s annual report on Italy’s real estate market. Nomisma has cut its forecasts in last two six-month periods. In late 2014, average property prices in Italy's 13 biggest cities have lost another 4% for new and 4.4% for used, bringing to 20% the total drop since 2008. Another 2% fall will occur in 2015. A modest rise is expected in 2016 (0.9%) and in 2017 (2%).

Average house prices in selected Italian cities

Euro per square meter and percentage change year on year (Source: Casa 24 Plus analysis on Nomisma data)

italy24 ilsole24ore com

Nomisma analyzed the historical cycles of the property market since 1970 and noted how each period tended to last longer than the previous one.

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Real Estate News International | Italy24: Housing prices set to fall in 2015, says Nomisma


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