Real estate, estimated in 2009 a price drop of 4.1%

This estimate, carried out by Nomisma in Bologna in its third report on the property market in 2009, is very different on the performance of property markets in other countries. Italian families are the least indebted in the Western world, and this was a good as what 'to stop the real estate prices plummeted. In all Italian cities the downward price corrections were very small, but the descent is slowed, for all types of buildings. New homes fell from a decline of -2.8% in 2008 to -1.6% in 2009, the shops from -1.7% to -1.5%, while the overall drop in average price in 2009 is equal to -4.1% noted by the research.

Among large cities who haul more and Venice-Mestre with a -5.9% compared to 2008 (which becomes -5.6% for Venice center), then Florence and Milan -5.6% with -5.2% while the opposite Cagliari drops only a -0.8% and -1.6 per cent Roma.

(source: ilsole24ore.com November 27, 2009)

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