Real estate market in full crisis. In the second quarter of the year (April-June) real estate sales in fact recorded a sharp decline: -5,6%, after -3,6% already in the first quarter.
The data, provided by the observatory of theTerritorial Agency, is the worst since 2004. Since 2006, with the exception of the first two quarters of 2010, the decline has been constant: almost 30%.
The most negative trend rates are for i residential (-6,6%) and commercial (-5,5%) sectors. The market for appliances was also down (-3,4%) while positive trends were recorded in the tertiary (+4%) and manufacturing (+5,7%) sectors. The residential sector shows a negative trend rate in all macro areas with peaks in the South.
Overall, in the second quarter of 2011, they were sold 349.870 real estate units of which 45,8% in the residential sector and 36,2% in the appurtenances, mostly attributable to residential use. The tertiary sector records 3.888 sales, the commercial 9.202, the productive 3.209 and finally in 'other' 46.986 transactions are recorded.
