House prices

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 2014:

• the House price index (see Italian IPAB) decreased by 0.5% compared to the previous quarter and by 3.9% in comparison to the same quarter of the previous year;

• prices of new dwellings rose by 0.7% compared to the previous quarter and decreased by 1.3% with respect to the third quarter of 2013; prices for existing dwellings went down by 0.7% compared to the previous quarter and by 4.8% with respect to the same quarter of the previous year.