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Kip Lettings are an online Letting Agent based in Abbots Langley and Chesham covering Buckinghamshire and Hertfordshire. Residential property lettings and management services for landlords and tenants. Currently we are looking for people to network with in these areas. Get in touch via our site if you are interested;
Chris baillon Sep 8 '14 · Comments: 1 · Tags: kip lettings
House prices in Italy fell by an average of 5.6% last year, compared with a fall of 2.8% in 2012, according to the national statistics institute ISTAT.

There was a 2.4% fall in new home prices, compared with a 2.2% rise in 2012. However, price falls for existing homes was more severe, down 7.1% last year compared to a drop of 4.9% in 2012. This means existing house prices have fallen by 11.7% over the past two years.

However, the property price falls look set to continue as the Italian jobless rate hit a record high of 13% in February, the highest rate since records began in 1977. Last year the number of employed people in Italy fell by 478,000, making it the worst year since the economic crisis began in 2008, according to Istat.

Italy now has the 8th highest jobless rate out of the 28 EU countries, and is well above the 10.6% average unemployment rate in the EU.

This high unemployment rate is despite the fact that Italian workers are flocking to the UK in record numbers with more than 44,000 Italians registering to work in the UK last year, a rise of 66% compared to 2012. Many of the movers are under-26 as the jobless rate in that age category is now over 42% in Italy.
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