Homes, prices too high (not only in Milan): sales down by 15%
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Case, turnover collapses in 2023: 18 billion euros less
Almost 18 billion euros. the estimate of the drop in turnover directly connected to the sale of houses that could be recorded in 2023. To the figure must be added all the enormous induced activities that revolve around the transfer of ownership: fees to agencies and notaries, removals, furniture purchases , renovations. And, inevitable corollary, lower tax revenues. The estimate of the decline in turnover comes from the forecasts of Nomisma, according to which this year Land residential transactions will drop 14.6% from last year’s record leveldropping from 784 thousand to 670 thousand.
18 billion, as a drop in overall turnover, is arrived at by calculating a reduction proportional to the drop in sales on the 123.2 billion turnover in 2022 indicated in the Revenue-ABI residential market report.
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May 28, 2023
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