The housing market picks up, but Milan and Florence are down

John

By John

They resume the sales Of homes In the second trimester of the 2024. But they collapse at Milan And FlorenceThis is what emerges from the report of theobservatory of the real estate market (Omi) residential developed by theRevenue Agency. In detail, approximately 1,000 units were bought and sold. 186 thousand homesbeyond 2 thousand more on the second trimester 2023 (+1.2%), in sharp contrast to the -7.2% of the previous quarter. The data in 8 major cities show a slightly negative annual trend variation, with collapses of Milan (-7.3%) and of Florence (-8.15). Well instead the sales to Rome (+3.4%) And Genoa (+3.9%).

The increase in purchases is more marked in the areas of North and in the Center. Smaller municipalities drive growth with a variation of +1.6%higher than that recorded in the capital city (+0.2). The increase in trade concerns all size cuts but in particular small-sized houses are bought and sold, smaller than 50 square meters and very large dwellings, in addition to the 115 square metersboth types grow by Approximately 2%. The share of individuals who purchased homes using a mortgage loan exceeds the 40%data showing growth on the previous quarter. The increase in purchases is more marked in the areas of North and in the Center.

Smaller municipalities drive growth with a variation of +1.6%higher than that recorded in the capital city (+0.2). The data of the sales of homes in the eight main Italian cities by population show a slightly negative annual trend variation, contrary to the national data. The signs of the variations are different among the different cities: Genoa And Rome show increases in trade higher than 3%While Milan And Florence show decreasing volumes, with negative trend rates above the 7%.

The push-ups are more contained at Bologna And Turin. In the market of leasehomes with a new contract registered in second trimester 2024 decrease by 2.7% compared to the same quarter of 2023. In detail of the segments identified in the market of locationshowever, both contracts are increasing transient, +1.3%both those facilitated For students with houses rented in full, +4.5%and per portion, +25.7%. The overall fee increases, on a trend basis, for all segments and amounts in this quarter to over 1.3 billion euros.