Italian real estate market collapse: by 2023 -10%.

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Income taxes fell 3.3% in the fourth quarter

ROME, March 7, 2024, 15:14 ANSA Editorial - Reproduction prohibited

The Italian real estate market showed a decline in 2023. The residential sector closed the year with almost 710 thousand residential units sold, representing an overall decrease of almost 10% compared to 2022. This follows the Revenue Agency's Real Estate Market Survey, which notes that the Italian housing market showed negative annual trends in all quarters of 2023, but in the fourth, with a little over 200 thousand residential units sold, a decline of 3.3% (compared to a sharp decline of over 10% in the third quarter).