The brick to pull back. After three years of fall continues, the trades in the first quarter increased by 2.3% trend over the same period last year. So the loans, during the same period, jumped 13.7%. Complicit with the effect of tax shield its cash injection of over EUR 100 billion for the first time since 2007 the real estate market showed some liveliness. The figures were released yesterday by Istat who recalled how the first quarter of 2009 was marked by greater contraction (-16.1%) occurred in recent years. That is to say that the way to recover the ground lost after the collapse of property prices triggered by the American bubble, is still long.
in detail in the first quarter were 190,728 recorded sales contracts, to 93.2% in real estate for housing and related accessories (boxes, etc..) For the remaining 6.1% for housing to economic use. Breaking down the data the market's growth house is actually 3%, while the buildings for use as economy continues to register a negative trend above 5%. The most lively shows the North-East with a +3.7% in the North West and more moderate increases in the islands amounted to +1.5% and +1.1%.
Loans have been awarded 179,654 of which 59% funded mortgage real estate and 41% without. In this area the trend is very different from the trend of the sale. So much so that in the North East increased by 8, 2%, while the South and the Islands of the increases were more than 22%. The figures released by ISTAT
not a little surprised experts Nomisma, the economic institute founded in Bologna Romano Prodi, who just two months ago - in the second report on the housing market - had recorded an increase in sales in the first quarter of 4% but with a level 30% lower than in 2007, "when you are signed on the year over 800 Trading thousand of homes. "
"The impression is that the housing market is stabilizing - said Luca Dondi, real estate analyst Nomisma - but we still understand how the drugs affected by tax shelter that has certainly affected the recovery of investment on the brick." Istat data on mortgages seem very optimistic then, and continues Dondi "leave us a bit 'confused because go against the trend: it is true that the cash for the return of capital has stimulated the market and home loans, however, now much more difficult to obtain from banks, should be shrinking and not growing. " It was not until the next report Nomisma real estate - to be released November 20th - for a more careful assessment of these figures.
- Roberto Bagnoli, Corriere della Sera, September 9, 2010
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