Increase demand for homes and curb the fall in prices.
Housing demand is strengthened and pressure on prices decreases. These are, in summary, the results of the usual economic survey conducted by Banca d'Italia, Tecnoborsa and the Italian Housing Market Agency in the third quarter of 2017.
According to the survey, the share of traders has decreased, indicating further downward trend in the prices. In addition, in comparison with the previous survey, the indicators indicate that the number of potential buyers has increased, while the discount margins on the price originally required by the seller and the sales timing have declined.
Mortgage loans then continued to finance a very large share of sales, around 80%. The ratio between lending and the value of the property has also remained high in cyclical terms, exceeding 70%. The expectations of the operators on the prospects of the real estate market, finally, have become significantly more favorable.
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