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Italy housing market plunges as recession bites

Posted on 13 December 2012

Italy’s housing market sank in the second quarter of this year, with home sales posting their steepest drop since 2008 and mortgages plunging by more than 40 per cent in a steep economic recession, data showed on Wednesday.
Home sales were down 23.6 per cent from the same period last year, national statistics institute ISTAT reported, while sales of commercial property such as shops and offices fell 24.8 per cent………………………………………..Full Article: Source


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