House prices down 5.6% in 2014

Florence overtakes Rome for costliest real estate

(ANSA) - Rome, February 2 - Italian house prices fell 5.6% in 2014, the Osservatorio di sector monitor said Monday.
    The fall sharpened in the last part of the year, it said. The weighted average price of residential real estate in Italy in December 2014 was 2,166 euros per square metres. Among the cities with dearest property was Florence, which with an average of 3,657 euros overtook Rome (3,566). The biggest annual falls were in central Italy (-7%) and the south (-6.8%).
    The housing market in the more affluent northeast held up.


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