Rome

Real estate transaction volume falls 13.8% in 1st quarter

Downward trend slowing compared to 2012

Real estate transaction volume falls 13.8% in 1st quarter

Rome, June 4 - The volume of real estate transactions in Italy fell 13.8% in the first quarter of 2013, the Italian tax agency, Agenzia delle Entrate, reported on Tuesday. The decline "shows a slowing of the negative trend" compared to the dramatic contractions seen in the market in previous quarters, the agency wrote. In the fourth quarter of 2012, real estate transaction volume dropped 29.6%.

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