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​Home Prices in Italy Continue to Drop

Even though in Italy home prices are constantly dropping having recorded a fall for an eighth consecutive year now, some real estate agents were and are really glad about this.

As one of the Tecnocasa’s, the nation’s biggest property dealer, heads in Rome, Claudio Parenti stated, he hopes that the prices will either keep dropping or at least stagnate.

Parenti further highlighted that value is not that important if there are no any buyers, therefore the drop in prices strongly supports the minimization of the gap between the spending power and asking prices.

Moreover, home prices in Italy reached the percentage level of 16.3, thus having extended their average drop from the highs of 2008 after first quarter’s declination.


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