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    • CommentAuthorxiaxue123
    • CommentTimeAug 13th 2019
     

    The reports for the real estate that have been compiled and released by ‘Nomisma’ show that the Italian property markets have depreciated by close to 2% in the first six months of this year. The recovery of the Italian real estate market will happen sometime next year as the economic recovery happens. The report has also shown that the volume of the residential Italian real estate for sale was at least 30% than the properties that were sold prior to 2008, when the crisis erupted.

    In the first 6 months of 2009, the prices for the Italian real estate for sale dropped by 2.5% as compared to 2008. However in the latter half of 2009, these prices somewhat improved and fell again in the half of 2010. According to the report Men's Nike Air Max Plus Just Do It Orange White , the prices for international real estate for sale have improved quite well. For the same to happen in the Italian real estate market will take some time as the firm recovery is a long way off.

    It has also been anticipated that by the end of 2010, unemployment would have risen quite sharply and will stand at nearly 11%. Property prices in the real estate in Italy are expected to shrink further and could do so by as much as 7% – 8%. Though Italy is the 4th largest economy in the EU, it has a relatively underdeveloped mortgage market. The contribution of the mortgage industry to the GDP is around 20%. However this percentage is extremely low as compared o 50% of GDP for other countries.

    In Italy, most of the real estate transactions and dealings are actually done through savings and not by taking mortgage loans for buying real estate in Italy. Even though low interest rates are prevalent in Europe cheap nike air max 2018 , the weakened economy of Italy will impact the growth of the real estate in Italy.

    Italian rentals are quite low and the many other factors such as high transaction taxes and many laws that prevent the owner from increasing the rents also make Italian rentals quite low. As of now the Italian rentals as compared with the International rentals are quite low at 5%. Even Rome, which is the capital city Italy, has rental yields of 5%, while the rental yields in the suburbs are around 3.5%.

    Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Italy real estate and Italy real estate listings. Italy real estate owners cheap nike air max 97 mens , agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details cheap nike air max 97 womens , include a You Tube property video, and it will be activated as a basic listing for 6 months, free.

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