A sharp drop in home sales continues in Bologna

A sharp drop in home sales continues in Bologna

The real estate market in the Italian Bologna decreases in the number of sales. This trend now seems irreversible. 2012 real estate market in Bologna again ended with a negative for prices and quantity of sale of real estate. Apparently, this situation will continue in 2013.

According to the Real Estate Association Confabitare, in the next 6 years the number of property sales in Bologna halved. According to the latest data, in the fourth quarter of 2012 the number of sales fell by 30% year on year and by 50% as compared with the 6-year-old.

The crisis in the housing market in the province of Bologna is not limited to housing, but also to the commercial and industrial sectors, where in late 2012 had been committed only 10% of 10,000 acts of sale. In the near future expected further deterioration.