Italy: worst-case scenario for 2013

Italy: worst-case scenario for 2013

Research Department of Idealista.it records low number of acts of buying and selling real estate inItaly, perfect for the beginning of the year period only.

According to the research office Vincenzo De Tommaso, determinants of the real estate market for 2013 will be unemployment and the crisis of income. The ratio of house prices and incomes of potential buyers currently makes buying excessive.

Furthermore, it is difficult to get a mortgage inItaly. Reducing the number of registered transactions associated with a sharp increase in non-performing loans. Banks have become more cautious, giving credit.