The property market recovered in the
second quarter of 2024, the inland revenue agency's observatory
on the real estate market (OMI) said Thursday.
However, the property market declined in Milan and Florence, it
said.
In detail, some 186,000 residential properties changed hands in
the second quarter, over 2,000 more compared to the second
trimester of 2023 (+1.2%), in stark contrast to the 7.2%
decrease recorded in the previous trimester, the observatory
said.
Figures concerning the eight main cities analysed by the report
highlighted in general a slighly negative annual trend with
downfalls registered in particular in Milan (-7.3%) and Florence
(-8.15%).
The property market instead performed well in Rome (+3.4%) and
Genoa (+3.9%).
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