By cutting promised property taxes on primary residences first signs of recovery not before 2016
A support is the Fiaip that in his memo on the economy semi-annual snapshot of the ups and downs of the housing market that Italian city, once again struggling to recover, despite the good signs of an overall increase in demand + 5%, and a record increase in ‘ last quarter of the same mortgage demand that drives the purchase.
For the Study Centre Fiaip in Italy, we can not yet talk about recovery of a market that, although supported by a series of positive economic factors (devaluation of the euro, oil at record lows, reset the cost of money) recorded positive quarters alternating to negative quarters: prices continue unlike other European countries to fall by 0.8% on a quarterly basis, and approximately 5% year on year, registering a decline of the value of the dwelling more consistent across all EU countries, made except for Greece. Back in the positive area the number of sales + 3% compared to a slow stabilization of prices.
With further strong growth in June for mortgages is strengthened the recovery to pre-crisis levels so that the change in total recorded in the first half of 2015 showed a significant increase compared to the same period in 2014.
For Fiaip there might be already all the conditions for the market to start: most of the questions hanging could materialize, if only there was a favorable tax situation for all those who want to invest in brick and sell or buy property.
Fiaip recalls how the brick has so far guaranteed a “seal” in Italian higher than other forms of investment (3.5%) and as average prices are expected still falling, although they are stabilizing, in many Italian cities during the course of ‘year.
The expectations of households and businesses – the statement Fiaip economic – as well as the framework of fiscal policy on the real estate remains uncertain, even today. Excessive shyness interventions in tax cuts and public spending, and the lack of structural reforms for the country, mostly announced and not implemented, are likely to cement and to end the stagnation in the country in 2015
