House buying and selling rose
in the third quarter of 2014, with a jump of almost 19% in Rome
and Bologna while Florence saw an increase of 23%, the Italian
revenue agency reported Thursday.
It said that between July and September, many major cities
saw increases in activity, including a 10.4% rise in Genoa, 8.9%
in Palermo and a 7.3% increase in Naples.
Overall, the real estate market rose by 3.6% in Italy in
the third quarter compared with the same period in 2013 with
almost 207,000 transactions reported.
The revenue agency said that the national housing market
gained 4.1% in the third quarter, the market for shops jumped by
9%, and the only dark cloud appeared in the office market, which
slipped by 2.0%.
The positive report comes amid continued recession in
Italy's economy that has triggered a long period of a sluggish
real estate trading.
It also follows an almost steady stream of negative real
estate market reports.
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