Italian Real Estate Market
House prices are still falling in Italy, although the decline slowed down in the last two quarters. House prices in the Italian Republic have been on a declining trend for almost 5 years. Italy’s properties price index fell by 6.54% during the year to Q3 2013, according to Eurostat. Price of houses will probably continue to fall for the next two years, that is why now is the right moment to buy a property in Italy as recovery in the real estate market is expected to occur in 2017.
From 2000 to 2008, house prices rose 85% From 2008 to 2011, house prices fell 8.6%.
An increasing number of US buyers and investors have been investing in Italian real estate during the last years. Italy, indeed, is worldwide recognized for its impressive artistic patrimony, beautiful cities, relaxing vacation destinations, and general quality of life. .