Recessions out of sequence
Alla voce house bubble, su wikipedia inglese, c'e' un'affermazione molto interessante.
As of 2007, real estate bubbles had existed in the recent past or were widely believed to still exist in many parts of the world, especially in ...Italy...
In riferimento all'affermazione sopra citata viene riportato questo
link in cui si afferma:
Recessions out of sequence
....
Italy
It was barely a bubble: Nominal home prices per unit area doubled between 1998 and 2007. Real year-on-year changes in home prices averaged just over 6% from 2001 to 2005. This was unsustainable in view of slow GDP growth (<1%/year from 2001 to 2007). Rental yields in historic Rome ranged from 3.2% for the largest apartments to 4.5% for the smallest.
But it still popped: Home sales (by number) declined 14% from the 1st half of 2007 to the 1st half of 2008. The real year-on-year change in home prices was down to 1% by early 2008. Nominal capital “growth” for all property was 3.8% in the year to Dec.'08, but −2.5% in the 6 months to Dec.'08.
The recession: Real GDP fell 0.6% in Q2 of 2008, 0.8% in Q3, 2.1% in Q4, and 2.4% in Q1 of 2009.
wiki
[Modificato da pax2you 15/09/2014 18:31]