'Two-speed' real estate market in Italy: if, in fact, home sales decreased in 2022 (by nearly 6% compared to the previous year), the sun continued to shine on the luxury housing segment, that is, homes worth more than one million euros, which increased by 9%. Meanwhile, the "slowdown" in mortgages continued, a trend that is almost certain to continue through 2023, even though loans to people under the age of 35 increased by nearly 10%. This is what the notaries write in their statistical data, which show how 2022 distinguished itself for the increase in residential property prices: the average exchange value was 158,074 euros (in 2021 it was 155,118) and 41.82% of the first houses purchased by a private individual - taking advantage of the 'ad hoc' tax breaks - has a value of less than 99,000 euros (119,515). Finally, banks disbursed nearly €71 billion for mortgage loans, in a scenario that saw a 16% decrease in the second half of 2022 compared to the first half of the year and a (contextual) decrease in the number of transactions carried out through credit institutions.
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