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Forecast of the percentage change on previous year of residential property prices in Italy from 2020 to 2022

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Source

Release date

July 2020

Region

Italy

Survey time period

2020 to 2022

Special properties

Data as of July 2020; Concerns house prices in 13 largest cities; Base scenario

Citation formats

Residential real estate price forecast change in Italy 2020-2022

Published by ÌÇÐÄÆƽâ°æ Research Department, Sep 11, 2020
Italy's residential real estate market was expected to suffer from COVID-19 for the remaining months of 2020. According to calculations from a "base" scenario, house prices in the Mediterranean country are to decrease by *** percent, with the "hard" scenario mentioning a potential decrease of up to **** percent. The source believes the house price development is closely connected to how the economy in Italy will respond to coronavirus measures. It admits that consumer demands have changed since home quarantine (for example, a growing demand for houses with terraces or balconies), but the source states that prices will rely on whether people are still able to purchase property.
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