Increase In Demand For Homes In Italy

Despite the hard crisis that badly hit the world's property in the last year

, new optimistic signals are coming from the real estate market in Italy: according to a report issued by the Bank of Italy ,the number of sale of homes in Italy continues to register upwards trends.

The study reported by Bank of Italy is the result of what emerges in a survey conducted by Tecnoborsa, a company that works to regulate and develop the real estate market, which involves over 930 estate agencies registered in the period between April 6 and May 3 2010.

Real estate agents have registered a growth in the number of sales for the months of January, February and March, steadier prices and an increase in the volume of acquisition of properties to sell. Operators foresee a positive scenario for the next months, estimating a renewed improvement in the outlook of the market.

If you look at the numbers, the data suggest an increasing number of homes sold + 12% over the previous period, confirming a positive sign of stabilization that had already occurred during the year, as shown in the surveys made by the Agency of Territory.

Another fact showing optimistic signs lays in the growth of the percentage of agents who have sold at least one property, as much as 71% of cases. This is the highest value detected since January 2009.

The only controversial note of the study is on the number of sales in urban areas of Central and Southern areas, which experienced a downturn of the total number of sales. Comforting data come for home prices; in fact, during the first quarter of 201, the percentage of agents registering a price decrease has gone down from 45.4% observed in late 2009 to 42.6%.

Butsomething more interesting appears in Italian real estate market.

The fact is that Italy still has a great appeal to foreigners, even more than in past years, compared to other European countries.

In the first quarter 2010 there was a strong increase in traffic from foreign countries by 76% compared the first three months of 2009. A jump up in searches for homes in Italy has been registered too, bringing a strong upturn also in the number of enquiries, which increased by 67%.

Italy is considered the most robust and secure real estate market of the Mediterranean area where to invest their money, in addition to the fact that Italy exercises, as always, a strong attraction for its lifestyle.

A confirmation of this trend is expected for the months to come, placing Italy at the top of the requests from overseas, certifying a great esteem for the Italian homes market due to the stability shown during this recession period.

by: Simone Rossi

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