Italy housing market slumps, sales drop 23%, mortgages 39%

134,984 property deal closed in third quarter of 2012

15 April, 14:53

    Housing market slumps in Italy Housing market slumps in Italy

    (ANSAmed) - ROME - The big impact the recession is having on Italy's housing market was shown on Monday when Istat said property sales in the third quarter of last year were down by over 23%.
    It said 134,984 property sales were closed at notaries between July and September last year, 23.1% down on the same three months in the previous year.
    The national statistics agency added that the number of mortgages granted in the first nine months of 2012 was 39.5% lower than in the same period of 2011.(ANSAmed).

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