In the third quarter of 2020, notary agreements regarding sales of real estate units and any other kind of exchange of properties and appurtenances in return for payment were 186,867.
In comparison with the previous quarter, real estate unit exchange agreements rose overall by 48.4% and by 1.8% on an annual basis. The first six months of 2020 showed a sharp decline in conjunction with the measures adopted to contain Covid-19 and a recovery in the summer months following the gradual easing of these measures.
94.9% of agreements concluded concerned real estate unit exchange agreements for residential use (177,407), 4.7% for economic use (8,835) and 0.3% for special uses and multi-owned properties (625).
In comparison with the previous quarter, the growth affected the whole territory both for residential sector (South +65.5%, Islands +61.6, North-West +49.9%, Centre +43.0%, North-East +35.6%, total value for Italy +48.3%) and for the economic sector (South +61.0%, North-West +51.7%, Centre +51.4%, Islands +50.5%, North-East +30.8%, total value for Italy +48.0%).
Compared with the third quarter 2019, real estate unit exchange agreements rose overall by 2.3% in the residential sector and decresead by 6.7% in the economic sector.
The trend growth observed for the housing sector affected South (+8.9%), North-West (+2.8%) and North-East (+1.5%) and, in general, the small towns of entire Country (+4,6%); Centre (-1,6%), Islands (-1.2%) and metropolitan cities (-0.7%) registred a decline. The economic sector is in decline on almost the entire national territory: Islands -13.1%, North-East -9.2%, Centre -8.1%, North-West -7,2%, metropolitan cities -8,1% and small municipalities -5,7%, with the exception of the South (+1.3%).
Mortgage-secured loans (87,510) rose by 16.8%, compared with the previous quarter, and decreased by 7.1% on an annual basis. Compared with the previous quarter, mortgage-secured loans increased in whole national territory (South +24.9%, North-West +18.5%, Islands +17.7%, Centre +14.6% and North-East (+12.3%) and showed a decline on an annual basis (Islands -13.3, Centre -11.3%, South -7.0%, North-West -6.0%, North-East -3.7%, metropolitan cities -7.3% and small municipalities -7.0%).