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 2016:
– the House Price Index (see Italian IPAB) increased by 0.1% compared to the previous quarter and decreased by 0.9% in comparison to the same quarter of the previous year (slightly down from -0.8 registered in the second quarter of 2016);

– prices of new dwellings were stable compared to the previous quarter and decreased by 2.1% with respect to the third quarter of 2015 (1.0 percentage points lower than that of the previous quarter); prices of existing dwellings increased by 0.1% compared to the previous quarter and decreased by 0.6% with respect to the third quarter of the previous year (-0.7% the rate of change in the second quarter of 2016)
.