House prices in Italy in the second
quarter of this year increased by 3.2% compared to the previous
trimester and by 2.9% from the same period in 2023 (from +1.6%
in the first trimester of 2024), according to preliminary
estimates based on the index of prices of residential properties
purchased for housing or investment purposes (Ipab) , ISTAT said
Wednesday.
The increase on an annual basis of the index was mainly due to
prices of new properties which rose by 8.1% (up from +5.3%
registered in the previous quarter) and those of existing houses
(+1.9% from +0.8% in the first quarter), the national statistics
agency said.
Overall, the property market recovered in the second quarter
with some 186,000 residential properties changing hands, over
2,000 more compared to the second trimester of 2023 (+1.2%), in
stark contrast to the 7.2% decrease recorded in the previous
trimester, according to the inland revenue agency's observatory
on the real estate market (OMI).
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