Homes, drop in sales accelerates

In detailing the segments of the rental market, however, both transitory contracts, +2.2%, and subsidised contracts to students for dwellings rented by the whole, +1.2%, and by portion, +13.7%, are on the rise. Overall rents increased on a trend basis for all segments and amounted to almost EUR 1.5 billion this quarter.

The analysis of the monthly trend changes shows, in particular, a pronounced reduction in buying and selling in the last month of the quarter under review: in March, the drop in buying and selling was close to 14.1% on the national average, reaching 15% in the regional capitals.

The data on house purchases and sales in the eight main Italian cities by population also show a negative annual trend change, slightly higher than the national figure, with Milan and Turin showing the highest decreases, over 10%. The declines in Bologna and Naples are more contained.

In Rome, almost 50% of natural persons purchased homes using a mortgage loan; in Milan, Bologna and Florence, the share of purchases by natural persons is lower, but still above 40%. Rome is also the city with the highest share of purchases of first homes, around 83%, while for purchases of newly built homes the highest share was found in Milan, almost 13%.