In Sardinia the real estate market crisis deepens

In Sardinia the real estate market crisis deepens

In Sardinia, where gains and losses are below the average for Italy and the unemployment rate is at the explosion, the construction industry is in a deep and long pit. Market is unable to achieve the phase recovery in the near future.

The latest report estate site Tecnocasa shows that property prices have fallen by 6% in Sassari, 3.6% - in Cagliari, 10% - in carbonite. Prices remained stable only in Nuoro.

According Tecnocasa, prices fell sharply in the first place in the main cities of Sardinia, and the "introduction of a single municipal tax (IMU) has not made any significant changes to the purchase of a first home, but very heavily on the purchase of more than one property." In other words, the tax IMU significantly inhibits investment in "bricks and mortar."