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Istat: the decline in housing prices towards the end

Posted: 11 October 2016

In the second quarter of 2016 the index of housing prices (IPAB), calculated by the National Institute of Statistics (or ISTAT), decreased by 0.4% from the previous quarter and by 1.4% over the same period of 2015. The speed of descent of prices is slowing down, approaching zero.

Istat explains how the declaine is mainly due to the prices of new homes, which decreased on an annual basis has increased considerably (-2.3% compared to -0.5% in the previous quarter).