(Finance) – In 2023 it will be equal to 709,591 the total number of homes sold in Italy, with a contraction of 9.7% on 2022. There is, therefore, a reversal of the growth trend in volumes transacted in place since 2014, interrupted only by the sharp decline in 2020 (-7.7%) induced by the pandemic crisis.
Compared to 2022, the decrease in trading volumes it is more accentuated in the areas of the Center, down by 13.1%, and in the North East where the contraction stands at around 11.7%. In the capital municipalities, overall, the drop in 2022 is more marked, -10.7%, compared to non-capital municipalities where it is 9.2%.
This is what emerges from Real Estate Report 2024 relating to the residential sector, carried out from the Real Estate Market Observatory of the Revenue Agency which analyses, as usual, the final data of the housing real estate market with reference to the past year, in collaboration with Abithe Italian Banking Association.
The dimensions – A total of over 7 homes were sold5 million square meters, decreasing by 10.3% compared to 2022, with an average surface area per residential unit sold equal to 106.1 m2, slightly decreasing compared to 2022 (-0.7 m2). The most pronounced contraction, in terms of residential surface area exchanged, is found in the Center which, compared to 2022, presents a decrease of 13.9%, followed by the North East (-11.9%) and the North West (-10% ). In the South the figure is -8.1% and in the Islands -3.2%, lower drops than the national figure. The average surface area of homes sold in 2023 is higher in the North East, 114.5 m2, and smaller in the North West, 101.3 m2
The report notes that during 2023 almost 270 thousand home purchases supported by a mortgage loan (NTN IP), almost 100 thousand less than in 2022, -26%). Mortgage-assisted sales therefore recorded a clear trend reversal compared to the levels recorded in 2022, which however were down compared to the 2021 level, being affected in this two-year period by the phase of rising interest rates. Among the areas of the country, the Center recorded the largest decline in NTN IP, almost 30%, while the South, the North East and the North West show values substantially in line with the national data. The decline is more contained in the Islands, -21.2%.