Property News
March, 19th
According to the Italian property news portal, the national average prices on residential assets in Italy in 2011 held steady, lingering on the levels recorded in 2007. The national average price in H2 2011, after a slight increase in H1, has fallen by 0.03% in the second part of the year. The average price equals [...]
March, 12th
According to the latest research of BNP Paribas Real Estate Italia investments scenario, in spite of the economic downturn and credit crunch, the Italian real estate market has recorded in 2011 the same volume of investments (around Euro 4.3 bn) of the previous year. During 2011 approximately Euro 600mn have been invested in retail assets in [...]
February, 23rd
According to Internet portal HomesOverseas.ru, referring to the online edition of the Telegraph, from January 30, 2012 Italy introduced a tax on the issuance and renewal of residence permits for foreigners and immigrants. If you receive a residence permit for a period of three months to one year the tax will be 80 euros, in [...]
February, 14th
The Global FD Index on Italian real estate funds has started falling right from the beginning of 2012, the Italian Weekly Real Estate portal reports. The FD Index provides a unique look at the present and future prospects for international investment flows and refers to the net inflows of investment to acquire a lasting management [...]
February, 8th
According to the Weekly Real Estate News, the latest overview of average prices in the residential market in 2011 has been published recently. The data show that Venice records the highest prices in residential transactions of city centre assets (on average Euro 9,300 per sqm), followed by Rome (Euro 8,940 per sqm) and Milan (Euro [...]
January, 28th
According to the latest data released by Abi (Italian Banking Association) the average interest rate on residential mortgages to buy first homes went up to 3.83% in December, compared to 3.70% in November. Abi blames also the increased share of fixed-rate mortgages, which went from 37.3% to 37.6% (31.8% in October 2011).
January, 9th
According to Istat ( The National Institute for Statistics of Italy), the seasonally adjusted confidence indicator in construction in Italy fell from 87.2 to 80.1 in December 2011. The survey represented by Istat shows that the assessments on orders and/or construction projects improved in November, and then drastically dropped in December. The confidence index in [...]
December, 21st
According to the latest report of ANCE (Italian Association of private construction contractors) in five years (2008-2012) the construction of new houses has fallen by 40%, while the number of residential transactions has decreased by 30% between 2007 and 2010. In particular in the first 9 months of 2011, the number of residential property transactions [...]
December, 15th
According to Weekly Real Estate News, the corrective budget law approved by the Council of Ministers of Italy will substitute the former main property tax (ICI) with a new council tax: the house of residence will be taxed with a 0.4% rate, with a Euro 200 tax allowance. Ordinary tax rate on other non residential [...]
December, 6th
According to the latest data released by Real Capital Analytics, the overall volume of real estate investments in Italy in the first nine months in 2011 equals Euro 3.08 bn. The retail sector has overtaken the office sector, attracting 52% of the investments. Euro 1.04 bn invested in the office sector represent one third of [...]

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