Property bubble

The Triennale Teatro dell'Arte in Milan has hosted the third edition of immonext, an ideas forum organised by idealista to discuss the past, present and future of the real estate market with professionals and experts in the sector. #10yearschallenge (the real estate of yesterday, today and tomorrow

In the real estate market in Italy, which began to show signs of recovery in the first part of 2018, the three main Italian cities of Milan, Rome and Naples stand out in terms of property sales.

The trends in the number of sales and property prices in Italy are not equal.

From the beginning of the crisis of 2008-2009 until today, the real estate market has gone through a series of cycles that can be understood pretty well by looking at the trend in housing prices.

The real estate data registered gives signs that the Italian property market is recovering, giving hope for this year as the Tecnocasa Group’s Department of Research affirms.

Prices of second-hand homes in Italy fell 0.6% in January, with an average of 1,810 euro/m2 or 168 euro/sq ft. According to idealista’s market details, the trends are still pretty negative.

Before… The Property Bubble: From 2000 to 2008, property prices rose 85% until in that last year they began to fall thanks to the global economic crisis. Prices continued falling for a full 8 years, dropping about 17% until 2016.