The fall in house prices continues, which in the fourth quarter of 2012 fell by 1,5% on the previous quarter and by 4,6% on an annual basis. This was revealed by Istat, specifying that it is the fifth consecutive economic downturn since the end of 2011, and the biggest downturn in 2012 on an annual basis. Existing homes weigh in particular on the calculation, the price of which fell by 4,7%.
This collapse is explained by the thud in the number of home sales, which fell by 25,8% over the past year. In 2012 there was also a decrease in the overall index of 2,7% compared to 2011.
