MARKET REPORT MILAN - ROME 2017
Italy’s recession is finally over, and some good reasons to be relatively optimistic regarding the next two years can already be envisaged on the horizon. Despite the slower economic recovery – if compared to the European context –, GDP growth is forecasted at +1%in 2017 and +1.2% in 2018.
The Italian real estate market is currently undergoing opposing pressures, which pull it in two different directions. On the one hand, there’s the basic need of families who, once the crisis came to an end, showed yet again a strong inclination to purchase properties,and on the other, we have the persisting supply excess piled up throughout the years.
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