resumption of real estate, bankitalia: favourable outlook and confidence for the years 2016-2018

Continues the improvement in the real estate market, with the increase of trades in Italian and limited risk in Europe, thanks to the prudent measures taken by the countries with the sharp rise in prices and high levels of household debt.
In our country, the recovery of the housing sector, but have not yet reached the levels of the previous years to the crisis, it has reduced the vulnerability of banks, for which it is expected a significant reduction of risks related to the loans, a trend that is already detected by data for the first half 2016.
According to estimates by the Bank of Italy for the 2016-2018 three-year period, by the end of 2016 it will lead to a stabilization of property prices, with an average decline of 1% compared to -2.6% the previous year, which will characterize the whole 2017.
Since 2018, however, we will see a rise in house values.
By the Financial Stability Report of the Bank of Italy emerges that the expectations of developers about the short-term evolution of the national real estate market have a positive balance of 8.1% over the same period of 2015, while those for medium prospects term rise to 35.3%, showing great confidence in the future of the industry.