Italy


FEBRUARY 2011 |www.opp.org.uk


SNAPSHOT


MARKET SNAPSHOT Italy | 55


“The Italian market has not suffered the effects of the over development of property, like Spain, for example”


Claire Nessling, Operations Director, Conti


Interest & Housing Loans Rates Annual (%)


Avg, interest rate, new housing loans ECB Base rate


6 7


5 4


3 2 1 0


‘03 ‘04 ‘05 ‘06 ‘07 Source: Bank of Italy, ECB ‘08 ‘09


House Prices, Rent Consumer Prices 1998 = 100


House price index CPI Rent index 200


150


100


50 90 ‘92 ‘94 ‘96 ‘98 ‘00 ‘02 ‘04 Source: Bank of Italy, ISTAT ‘06 ‘08


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