Veneto is one of the richest and most popular regions of Italy, where not only local residents, but also foreigners seek to acquire real estate – that’s why the housing market has survived even during the crisis.
After the onset of 2008, the cost of Italian housing fell sharply, mainly due to the global financial crisis. According to the European Central Bank, real estate prices fell by about 17.5% (including inflation by 25.1%) from the 3rd quarter of 2008 to the 4th quarter of 2017.
However, now there are promising signals of a gradual recovery of the Italian real estate market in the near future – for example, in 2018 Italian real estate fell by only 0.4%, the number of transactions continues to grow steadily. At the same time, housing prices in cities are already starting to rise, while in rural areas they are still falling. Continue reading