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Istat says house prices fell 5.3% in Q3

Value of Italian homes dropped on annual basis

10 January, 11:02
Istat says house prices fell 5.3% in Q3 (ANSA) - Rome, January 10 - The price of houses in Italy fell by 5.3% on an annual basis during the third quarter of 2013, statistical agency Istat said Friday. Prices fell by 1.2% in the July-to-September period when compared with the previous quarter, the agency added.

Istat said the decline measured in the third quarter marked the eighth consecutive quarterly fall in house prices - fully two years' of steady decline.

But seasonal factors may have had some influence on the third-quarter decline, the agency added.

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