Crisis continuing in Italian housing sector, says agency
Housing sale prices drop 12% over past year, rents also lower15 February, 16:54
Since the global economic crisis that took hold in 2008, housing transactions have dropped a whopping 40%, said the organization.
And since 2008, prices have slipped an average of about 25% per year, Fiaip added.
Rents also slipped last year, by about 5.6%.
Downward pressure will continue in the first half of this year, with a mild recovery in the second half that could see 2013 values end at about the same level as in 2012, said Fiaip.