FLORENCE, ITALY – House prices down 5.6% in 2014, but Florence overtakes Rome for costliest real estate, the Osservatorio di Immobiliare.it sector monitor said Monday February 2, 2015.
The fall sharpened in the last part of the year: the weighted average price of residential real estate in Italy in December 2014 was 2,166 euros per square metres.
Among the cities with dearest property was Florence, which with an average of 3,657 euros overtook Rome (3,566). The biggest annual falls were in central Italy (-7%) and the south (-6.8%). The housing market in the more affluent northeast held up.
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