(Finance) – After the increase (+1.6%) in the third quarter of 2022, the expected trend reversal of the market residential it came in the fourth quarter. In fact, nationwide the market real estate residential inverts the sign and records a decrease of -2.1% compared to the same quarter of 2021, with 208.371 transactions. If we consider the whole of 2022, the positive sign still remains, with 784,486 home sales, up by +4.8% compared to 2021.
According to the analysis of Living Co. – specialized real estate brokerage and services company – based on data from the Real Estate Market Observatory (OMI) of theRevenue Agency, in the fourth quarter the minor municipalities suffered the most (-2.6%) compared to the capitals (-0.9%). Territorially, the only increase was recorded in the Islands (+5.1%) while the trend was substantially stable in the South (-0.2%). The trades instead they decrease in all the other areas: in the North-East -5.1%; in the Center -3.8%; in the North West -1.8%.
What happens in the main Italian cities? Also to level territorial in the fourth quarter of 2022, a trend reversal was recorded in many capitals. The largest decline compared to the same period last year was recorded at Bologna (1,650 transactions, -12.6%), followed by Rome (10,305 transactions, -6.1%) e Milan (7,180 transactions, -4.6%). Stable Genoa (2,328 transactions, -0.1%). The liveliest city is Palermo (1,777 transactions, +9.2%). Sales also grew, albeit to a lesser extent, in Turin (4,348 transactions, +1.3%), Naples (2,205 transactions, +0.6%) and Florence (1,432 transactions, +1.9%).
As happened at the national level, if we consider the whole of 2022 le variations percentages are all positive compared to 2021 in all cities, but with values different. In order, we find: Palermo (+11.3%) with 6,785 transactions, Milan (+6.1%) and 28,595 transactions, Turin (+5.9%) and 16,125 transactions, Bologna (+3.4%) and 6,787 transactions, Genoa and Rome (+3%) and 9,182 and 40,064 transactions respectively, Naples (+2.6%) and 8,314 transactions and finally Florence (+2.1%) with 5,551 sales.
“As expected, 2022, despite all the ongoing turbulence, ended positively for the Italian residential real estate market, with growing sales and prices still on the rise – he declares Alexander Ghisolfi, head of the Abitare Co. research centre. – However, the market proved to be slowing down on the purchasing front mainly due to the rise in interest rates on mortgages. In fact, the last two quarters of last year showed an inversion of the cycle which will most likely be confirmed also in the first three months of this year. The big cities all finished 2022 with increased trade. Milan, with almost 29,000 homes sold, confirmed itself as the second most lively metropolis, preceded only by the record of Palermo, the only one to record double-digit growth. Rome has instead broken through the barrier of 40,000 homes sold.”