REAL ESTATE MARKET IN RESUMES BUT DO NOT INCREASE PRICES IN ITALY
A few weeks before the next elections, which could have repercussions on the real estate market, the rating agency S & P Global Ratings analyzed the situation in Italy, which can be summarized as follows: the general economic improvement has made the buying and selling of home faster. , but has not yet led to price increases.
Well the market for new buildings
Even thanks to interest rates at historic lows, real estate sales are on the rise, although the pace of growth is slower than that of 2016. With regard to prices, however, those of pre-existing residential houses are still falling. while those of the new solutions have risen by 0.6%, which however account for only 19% of all 2017 trades.
The gap between supply and demand is destined to fill
S & P Global Ratings believes that in 2018 GDP growth will stand at 1.5%, supporting demand in the real estate market while reducing excess supply. If the economic trend confirms this forecast, there will consequently be a further reduction in sales times which will also be accompanied by an increase in the cost of the properties.
European variable market
If this is the Italian general picture, in Europe the forecasts vary from country to country: very positive in the Iberian peninsula, with price increases in Portugal and reduction of unsold housing stock in Spain, more uncertain in the United Kingdom, where the consequences of Brexit could also affect the real estate market and the cost of homes in particular.