3802 Italy 14th in international property price rise index
In a survey published by Knight Frank, Italy takes 14th place (out of 29 countries) in property value increase over the last year; one place ahead of the UK. Prices rose 7.2% in the last year, it says (against 5.3% in the UK)
The top 3 positions went to Estonia, Denmark and New Zealand, the bottom to Serbia.
The link to Knight Frank's report is here.....
[url]http://www.knightfrank.com/ResearchReportDirPhase2/10876.pdf[/url]
Category
Property Sales/Rental Advice
Submitted by Anonymous (not verified) on Sun, 05/28/2006 - 09:50
An interesting report Marc, but knowing Liam Baileys ideals, I suspect these rises may be somewhat exaggerated.
Knight Frank have always dealt in the top 5% of high value sales and therefore, I suggest these figures are of little significance to "real" house prices on a local level, which in my opinion have remained more or less stable for the past two years.
We are playing a game of "catch up" at the moment, as salaries are unable to match mortgage repayments required for the perceived higher priced property prices and this has stunted market growth almost worldwide.
Asking prices are not being offered or met and there are deals to be done. It is once again a buyers market after the giddy heights reached in the sellers market of four or five years ago.
An interesting report Marc, but knowing Liam Baileys ideals, I suspect these rises may be somewhat exaggerated.
Knight Frank have always dealt in the top 5% of high value sales and therefore, I suggest these figures are of little significance to "real" house prices on a local level, which in my opinion have remained more or less stable for the past two years.
We are playing a game of "catch up" at the moment, as salaries are unable to match mortgage repayments required for the perceived higher priced property prices and this has stunted market growth almost worldwide.
Asking prices are not being offered or met and there are deals to be done. It is once again a buyers market after the giddy heights reached in the sellers market of four or five years ago.
:) :)