Italian property prices fall

Property prices in Italy slid by 0.7 per cent during the year to June 2011, figures from think-tank Nomisma show.

Citing the data in a report about the state of the country's real estate market, Global Property Guide noted that there is a mixed outlook for the sector.

The publication highlighted a Bank of Italy survey from October this year, which found that estate agents in the nation expected sales to increase over the coming months.

However, Nomisma predicted that the downturn in the Italian property market is not yet over, with further falls still to come.

Source: PropertyShowrooms.com