Boom in real estate sales

Istat data on the recovery of the real estate market and the stipulation of mortgages

The Covid-19 pandemic has unquestionably brought serious economic consequences, literally bringing many sectors to their knees.

For what concern real estate market, l’State certified the restart of the sector by underlining a boom especially in the second quarter of 2021.

Specifically, in the first six months of last year, sales rose to 214,804 in the first quarter and to 263,651 in the second quarter (+5,1% compared to the previous quarter e + 76% on an annual basis).

The increase concerns almost all the geographical areas of the country, mainly driven by Northern Italy.

Purpose of the sales

The 94,7% of the agreements stipulated in the second quarter of 2021 refer to the transfer of ownership of real estate ad residential use (249,587), 5% for economic use (13,144) and 0.3% for special use and timeshare agreements (920).

Comparing these data with those relating to the second quarter of 2020, real estate transactions increased by 75.4% in the housing sector and by 87.7% in the economic sector, thus accelerating the growth on an annual basis already highlighted in the first quarter. (respectively + 37.2% and + 29.3%).

Increase in the stipulation of mortgages

Often, in most cases, those who buy a property take out a mortgage. And in fact, as a logical consequence, in the second quarter of 2021, there was also an increase in 2,8% notarial agreements for mortgages, loans and other obligations with the establishment of a real estate mortgage. For a total of 122,389 signed deeds. An increase that corresponds to 2.8% compared to the first quarter and 45.2% on an annual basis.

Growth affects the whole country.
On a cyclical basis:

  • Islands + 5.9%
  • North-west + 2.8%
  • Northeast + 2.6%
  • Center + 2.5%
  • South + 2.2%

Every year:

  • Islands + 57.7%
  • South + 51.2%
  • North-west + 48.1%
  • Center + 41.9%
  • Northeast + 38.4%
  • small and large centers: + 48.3% and + 41.6%

Obviously, the strong increase that occurred especially between the months of April and June of last year, must be interpreted taking into account the fact that, in the first two quarters of 2020, the number of sales had suffered a drastic decline due to the pandemic crisis.

Source: by

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