Property prices in Italy continue to fall, but the pace of the decline in the first half of the year has slowed down. The data released by Immobiliare.it in fact show how in the first six months of 2013 the average price of properties for sale recorded a drop of 0,6% compared to the previous six months, compared to a drop of 3,2% compared to the same period of 2012.
"The decline in prices continues throughout the country, but cities with more than 250.000 inhabitants and properties for sale in the north of the country help keep this contraction below 1%", explains Guido Lodigiani, corporate director and research office of Immobiliare.it in the note.
In the first half of the year, property prices in the northern regions in fact recorded a 0,1% (-3,6% year-on-year) contraction on a quarterly basis, those in the center by 0,8% (-3,5%) and those in the south by 0,5% (-2,4%).
Again in the semester, prices in cities with over 250.000 inhabitants remained practically unchanged at the economic level (-0,1%) and fell by 3% over the year. In provincial capitals with fewer than 250.000 inhabitants, prices fell by 1,4% over the six months and 3,6% over the year.
