Italy property seekers looking to buy where prices are falling will have a better chance to do so in the cities, it has been reported.

A series of new estate agent surveys have indicated that while prices are generally holding up across the country, they are tending to dip in the major centres of population, the Roman Forum noted.

It quoted figures from Tecnocasa and Gabetti forecasting falls of between one and two per cent in Milan, 2.4 per cent in Rome, between two and three per cent in Florence, two and four per cent in Naples and six per cent in Turin.

Other agents tipping declines included UBH – which suggested a plunge of eight per cent in Rome and Milan, while Scenari Immobiliari said that there has been a drop of 4.8 per cent in the major cities despite a national rise of 1.6 per cent.

In February this year Reuters reported that the Italian property market may be more stable than many of its neighbours, due to the fact that Italy has suffered less of a rise in unemployment than other European countries.

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