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Change in real estate market in Italian cities during COVID-19 Q1 2020

The number of transactions in the residential real estate sector in Italy significantly decreased in the first quarter of 2020, as a result of the measures taken to prevent the spread of COVID-19. When looking at the eight major Italian cities, it can be seen that the number of transactions decreased by almost 16 percent on average in this period. It was found that the worst situation in Milan, Naples and Genoa, with each one of these cities facing a contraction around 19 percent. Bologna stood up as the least affected in this group, with a relatively small decrease of 6.4 percent in the volume of real estate transactions.

Change in real estate market in major Italian cities during COVID-19 in the 1st quarter of 2020

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Source

Release date

June 2020

Region

Italy

Survey time period

Q1 2020

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Statistics on "Coronavirus: economic impact in Italy"

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