Italian real-estate market down to 1985 levels
Prices dropped in nearly all major cities except Verona
14 March, 15:53
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(ANSA) - Rome, March 14 - Italy's housing market dropped to 1985 levels last year, with only 444,000 units being sold throughout the country, the Italian tax agency, Agenzia delle Entrate, said Thursday.
Fourth-quarter sales for 2012 fell across the country 29.6% by volume, the worst figure since 2004. Mortgages were also down by 38.6%. Real-estate prices are down in the country's 12 largest cities by population, with the exception of Verona where sales were up 0.2%.
Fourth-quarter sales for 2012 fell across the country 29.6% by volume, the worst figure since 2004. Mortgages were also down by 38.6%. Real-estate prices are down in the country's 12 largest cities by population, with the exception of Verona where sales were up 0.2%.
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