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Italian house price growth has slowed down in 2023

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The National Institute of Statistics has revealed the latest data.

What has happened

Italian house prices rose by 1.3% in 2023, but the rise was less than the year before when they increased by 3.8%, Istat said.

Details

In the fourth quarter of 2023, the index of housing prices (HICP) purchased by households for residence or investment purposes remained unchanged compared to the previous quarter and increased by 1.8% compared to the same period in 2022. In the third quarter of 2023 it was +1.7%.

Types of housing

The greatest increase was in prices for new dwellings (+5.6%), while for secondary housing the rise was very modest (+0.4%).

Please read also: Italian real estate market is waking up after winter hibernation

 Source: ANSA

Photo by Megan Soule on Unsplash

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Tags: Italy, Market Analysis, Investment, Real Estate

Read also

The volume of investments in European hotels has declined. But the situation will get better
This data is provided in the report of the HVS consulting company.
Italian real estate market is waking up after winter hibernation
A slight increase has been recorded in monthly and annual terms.
European commercial real estate investments fell to an 11-year low
Investors are concerned about high interest rates and economic uncertainty.
EU updates rules for obtaining long-term resident status
The minimum requirement is to have resided in an EU Member State for at least five years.
Housing prices in the EU have increased by almost 50% in 12 years
Purchase prices are rising faster than rental rates.
Italy's housing market is stagnating amid falling demand and weak economy
However, this does not mean that ordinary buyers should avoid purchasing italian properties.

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