Edited by Antonio Maprosti
The real estate market during the first quarter of 2014 has seen a 20% increase in mortgage requests. It seems that, just as predicted by the experts at the end of 2013, Italians have started coming back, in significant numbers, to the housing market. Buoyed by positive data, people are seeing the beginning of a recovery. Just today, Tuesday 13 May, the Tax Authorities and the Italian Bank Association (ABI) have released a progress report for this year and predict a rise in the market. Families can finally regain confidence through easier access to mortgage loans for the purchase of a property. In short, the signs of recovery bode well for the release of the precise data and trends for the first quarter that will be released on the 3rd of June. This positive trend is also reflected in the luxury real estate sector which, while not seeing the same declines as the rest of sector in recent years, continues to lead the market, driven largely by foreign buyers.