New Data on Tuscany

Today, the Italian central bank published its annual report on the economy of Tuscany. Regarding the real estate market, the Banca d'Italia presented the chart included above - showing that the house sales in Tuscany increased quite dramatically in the second half of 2015 and the first half of 2016. This growth was certainly higher than in other parts of the nation, as we know from other statistics.

Yet, the Banca d'Italia also reported that the Tuscan house prices, on average, still dropped - by two percent - in the past half year. However, regarding the more than twenty percent rise of sales, this price decrease, in my view, will not last any longer.


R. T. Boeni, 8 November 2016