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ISTAT confirms recovery of residential market

Posted: 9 August 2016

ISTAT, the Italian National Institute of Statistics, has announced that there were 159,932 notary documents relating to the transfer of real estate for consideration in the first quarter of 2016, 17.9% more than those recorded in the same quarter of 2015. “The increase in sales therefore continues for the fourth consecutive quarter,” reads a statement.

The market recovery relates to both the residential sector and annexed uses (150,015 transfers of property, up 18.6% on the corresponding quarter in 2015) and the commercial sector (9,041, up 8.0%).