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Italy's real estate market faces a sharp downturn - video from Tgcom24

Italy's real estate market faces a sharp downturn - video from Tgcom24

Italy's real estate market faces a sharp downturn - video from Tgcom24

On October 17, 2023 at 22:05 local time, Guido Cainiello reported on the negative impact of high mortgage interest rates on the real estate market in Italy.

The crisis in the purchase of primary homes is confirmed by a study by the National Board of Notaries: in the first half of 2023, transactions decreased by 8.7% compared to the same period last year. The number of transactions fell from 303,375 to 277,052.

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If this trend continues, notaries predict a 10.5% decrease by the end of the year.

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