Economy
18:25 January 8, 2015 (AGI) – Rome, January 8 – Restrain the fall in housing prices. In the third quarter of 2014, based on preliminary estimates, the index calculated istat and ‘decreased by 0.5% from the previous quarter and by 3.9% against the same period of 2013. The downturn, reports the ‘statistical institute, and’ the most ‘contained among those recognized in the fourth quarter of 2011 and depends only on the decrease in the prices of existing homes (-0.7%). For new homes recorded a rise in prices over the previous quarter (+ 0.7%), after the first two years. The descent of the general trend, the width of which is reduced from 4.9% in the second quarter and it ‘far from the peak of -6% reached in the first quarter 2013, and’ the synthesis of decreases yoy price both of existing housing (-4.8%) and new ones (-1.3%).
Back therefore to widen the difference in absolute value between the change in the prices of existing homes and the pric e of new housing (3.5 percentage points from 2.9 in the previous quarter). The reduction in the amplitude of the declines of the index trend occurs in the presence of signs of recovery in traded volumes (+ 4.1% and ‘the increase on an annual basis, in the third quarter of 2014 by the Observatory’s Property Market Revenue Agency for the residential sector).
On average, in the first three quarters of 2014, housing prices fell by 4.6% compared to the same period last year, a decrease of synthesis of 2 , 4% in the prices of new homes and 5.5% in prices of existing ones.
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