Matteone at a standstill: a map of prices per square meter.

set by the European Central Bank (9 increases in total), has led to an increase in the cost of credit facilities. The ECB's goal is to put the brakes on inflation. However, the rate hikes have made loan and mortgage payments, especially variable rate loans, even more expensive. This has hit not only families but also small and medium-sized businesses, which have had their access to credit partially reduced.

Seasonality is certainly also having an impact on demand for July 2023 real estate nationwide, down 3.4% for the month. The decline in demand is mainly seen in large cities, with -5.3% compared to -1.2% in cities with a population of less than 250,000. In terms of geographic areas, the Northwest and Center' saw the largest declines in housing demand in July'countries: respectively -5% and -4.4%. InMilan, demand was down 7% in July 2023 and inRome -5.9%. We look forward to September with a full return after the vacations to see how the market will develop.

International conjunctures are also exerting their influence on real estate prices.