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Italy's residential real estate market was expected to suffer from COVID-19 for the remaining months of 2020. According to calculations from a "base" scenario, house prices in the Mediterranean country are to decrease by 2.6 percent, with the "hard" scenario mentioning a potential decrease of up to four percent. The source believes the house price development is closely connected to how the economy in Italy will respond to coronavirus measures. It admits that consumer demands have changed since home quarantine (for example, a growing demand for houses with terraces or balconies), but the source states that prices will rely on whether people are still able to purchase property.
Forecast of the percentage change on previous year of residential property prices in Italy from 2020 to 2022
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Nomisma . (July 28, 2020). Forecast of the percentage change on previous year of residential property prices in Italy from 2020 to 2022 [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1165044/residential-real-estate-price-forecast-change-in-italy/
Nomisma . "Forecast of the percentage change on previous year of residential property prices in Italy from 2020 to 2022." Chart. July 28, 2020. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1165044/residential-real-estate-price-forecast-change-in-italy/
Nomisma . (2020). Forecast of the percentage change on previous year of residential property prices in Italy from 2020 to 2022. Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1165044/residential-real-estate-price-forecast-change-in-italy/
Nomisma . "Forecast of The Percentage Change on Previous Year of Residential Property Prices in Italy from 2020 to 2022." Statista, Statista Inc., 28 Jul 2020, https://www.statista.com/statistics/1165044/residential-real-estate-price-forecast-change-in-italy/
Nomisma , Forecast of the percentage change on previous year of residential property prices in Italy from 2020 to 2022 Statista, https://www.statista.com/statistics/1165044/residential-real-estate-price-forecast-change-in-italy/ (last visited May 21, 2024)
Forecast of the percentage change on previous year of residential property prices in Italy from 2020 to 2022 [Graph], Nomisma , July 28, 2020. [Online]. Available: https://www.statista.com/statistics/1165044/residential-real-estate-price-forecast-change-in-italy/