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.
In the third quarter of 2012:
- the House Price Index (see Italian IPAB) decreased by 1,1% compared to the previous quarter and by 3,2% in comparison to the same quarter of the previous year;
- prices of new dwellings decreased by 0,2% compared to the previous quarter and rose by 1,9% with respect to the third quarter of 2011; prices for existing dwellings went down by 1,6% compared to the previous quarter and by 5,4% with respect to same quarter of the previous year.