House prices (provisional)

Starting from the provisional data of the first quarter 2017, the House Price Index (HPI) will be compiled and disseminated with reference base 2015=100, implementing the provisions of the Regulation (EU) 2016/792 of the European Parliament and of the Council of 11 May 2016.

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 first quarter of 2017:

• the House Price Index (see Italian IPAB) was stable compared with the previous quarter and decreased by 0.1% in comparison to the same quarter of the previous year (it was -0.3% in the fourth quarter of 2016);
• prices of new dwellings decreased by 1.2% compared to the previous quarter and by 0.4% with respect to
  the first quarter of 2016 (down from 0.5% observed in the previous quarter); prices of existing dwellings increased by 0.2% compared to the previous quarter and they were stable with respect to the first quarter of the previous year (-0.5% the rate of change in the fourth quarter of 2016).