Latest reports on prices of property in Italy
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Despite the ongoing problems in the Eurozone, property prices in Italy remained relatively flat in the second quarter of 2012. That’s the result of a new report from the Italian Land Agency that found prices in the country remained steady despite a fall in transaction numbers.
Keep reading to find out more about the property market in Italy.
Weakness of euro offers opportunities to foreign buyers of property in Italy
The Italian Land Agency report found that while property transactions fell in the second quarter of 2012, real estate prices held their ground in many of the major regions. Property prices in Rome rose by 0.4 per cent over the period from April to June while values in Turin rose by 0.3 per cent over the same period.
The worst performing location, Palermo, only saw property prices fall by 2.1 per cent in the second quarter of 2012. This compares favourably to many other areas within the Eurozone which have been affected by the global economic crisis.
