The House Price Index (HPI) measures the evolution of market prices of all residential properties that are purchased by households (flats, detached houses, terraced houses, etc.), both new and existing, independently if bought for own-occupancy or as an investment.
According to preliminary estimates, in the third quarter of 2017:
- the House Price Index (see Italian IPAB) decreased by 0.5% compared with the previous quarter and by 0.8% in comparison to the same quarter of the previous year (it was -0.2% in the second quarter of 2017);
- prices of new dwellings increased by 0.3% compared to the previous quarter and by 0.6% with respect to the third quarter of 2016 (up from +0.3% observed in the second quarter); prices of existing dwellings decreased by 0.7% compared to the previous quarter and by 1.3% with respect to the same quarter of the previous year.