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

Posted on 16 April 2013

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……………………………………….Full Article: Source


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