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Hold on to your (Italian) house PDF Print E-mail
Jul 03, 2014 at 10:24 PM

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Italy's housing market has been seriously hurt by the ongoing economic crisis here, statistics released today by ISTAT, the national statistics agency, show. The data released indicates that real estate prices have declined by more than 10% over the last four years. Istat said its estimates for the first quarter of 2014 show that property prices are 10.4% down on the same period in 2010.

The agency's report added that newly built homes have been less affected by the economic declinedl than properties that have been lived in, the prices of which were down 15% on 2010. It also saod home prices fell 0.7% in the first quarter of this year with respect to the previous three months and 4.6% when compared to the same period in 2013. Moral of the story. If you don't absolutely have to sell, hold on to your Italian real estate until things get better.

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