Italy is falling. For the year housing prices fell by 4.6%

Italy is falling. For the year housing prices fell by 4.6%

The housing price index in Italy fell in the first quarter by 0.7%, while in annual terms - by 4.6%, according to ee24.com citing Istat. 

Primary and secondary markets in Italy behave differently. New housing in the past year has become cheaper by 2.6%, while the existing one - by 5.3%.

In general, in 2011 residential property in Italy increased in prices by 0.8%, in 2012 it fell in prices by 2.8%, in 2013 it fell in prices by 5.7%. 

There is no information on the average prices of houses and apartments in Italy, but there is data on regional sales. The most expensive property is in Liguria (€3.4 thousand per sq.m), Valle d'Aosta (€3.3 thousand per sq.m) and Lazio (€3.1 thousand per sq.m ). Most available regions are Calabria (€1.2 thousand per sq.m) and Molise (€1.3 thousand per sq.m).