Real Estate Crisis INCOMING: The Fate of Italian Real Estate

If you're a foreigner looking to buy a house in this country, you absolutely must watch this video. Here, we present data from reputable economic journals in Italy and analyze what the real estate market in Italy could look like in 2024.
If you want to learn more about these two regions and the real estate purchasing process in Italy, you have two options:
✅ Buy our guide: How to buy a house in Italy?
✅ Contact us for a free one-hour consultation.
00:00 📉 *Factors Influencing Housing Economy:*
- The European Central Bank's consistent rise in mortgage rates in 2023 significantly decreased home sales.
- Demographic trends, such as an aging population and internal migration, impact the demand for different types of properties.
- Rising prices due to inflation have affected the real estate sector, with a 5.4% increase in prices for new homes.
02:08 🏠 *Challenges in Selling Properties:*
- The time frame for selling houses has lengthened to approximately 5.8 months, indicating increased challenges in selling properties.
- Buyers negotiate more on the selling price, with the average discount in negotiation increasing from 8.3% in 2022 to 8.5% in 2023.
- Despite an increase in the number of properties for sale, the demand from potential buyers has decreased.
03:30 💼 *Prospects for Italian Real Estate in 2024:*
- The number of transactions in the Italian real estate market dropped by 16% in recent months.
- The prospects for the Italian real estate market in 2024 are both interesting and complex, with potential opportunities during a crisis.
- Analyzing the market and identifying areas affected by price collapses can offer opportunities for those with liquidity to buy properties at lower values.
04:25 🌍 *Regional Variations and Buying Advice:*
- Cities like Pescara or Ortona are likely to be affected, making it challenging for buyers, but deals might be available for reselling or renting in tourist areas like inland villages.
- Significant differences exist between regions, North and South Italy, and between cities and the countryside.
- For foreigners looking to buy a house in Italy, careful analysis is crucial, considering regional variations and potential opportunities in smaller historic villages.
05:18 🤔 *Conclusion and Call to Action:*
- Viewers are encouraged to carefully analyze where they want to buy in Italy, considering differences between regions, cities, and countryside.
- Contact us for a free 1-hour consultation to delve deeper into the possibility of buying a house and relocating to Italy.
- Subscribe and like the video to indicate interest in this type of content, concluding the informative discussion on the Italian real estate market.
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