Italian Real Estate grows
thanks to the “fiscal shield” bubble
thanks to the “fiscal shield” bubble
If the income does not go up, prices have to go down in order to sell off the huge unsold of the past 5 years
THE DATA WAR AND THE REAL ESTATE FALSE ILLUSIONS – Nomisma, which in ancient greek means “the true value of the goods”, is an important center for economic studies founded in Bologna in 1981 by Nerio Nesi and Francesco Bignardi. It can also be considered a real estate rating agency, a holding – you can find its shareholder and participants in the Italian left wing – and it has presented the Third Real Estate Report for 2010. In the report you can find data, trends and expectations on the buying and selling in Italy, hereby we offer a synthesis: the crisis (2009-2010) would have destroyed 60 billions in the real estate and in the building industry. The reason? The reduction of the buying and selling, combined with the decrease of the prices, would have squeezed the turnover of the real estate sector because the loss in the building industry added to the fall of the real estate.
… However, the third Nomisma report leaves some hope by stating that the market is slowly recovering and that the phase of the decrease of the prices has ceased
… However, the third Nomisma report leaves some hope by stating that the market is slowly recovering and that the phase of the decrease of the prices has ceased
Daniela