■ Price stability
Rising transaction levels will reduce currently high levels of stock. Prices could stabilise next year, led by best-in-class properties.
■ Political uncertainty
National elections will be held by the spring of 2018. Polls show the Democratic Party neck and neck with the anti-establishment Five Star Movement.
■ Enduring appeal
The country’s history, heritage and beautiful natural environment will sustain demand over the long term.
■ Economic growth
The Bank of Italy revised its GDP growth estimates for 2017 to 1.4%, a significant upward revision since January 2017.
■ HNWI incentives
Italy’s new incentives for wealthy individuals follow in the footsteps of European rivals. If successful, they could further stimulate the prime residential markets.