Japan and Italy are likely to register the biggest pullback in home prices next year, reflecting key shifts in market fundamentals in the economies, according to Fitch Ratings.New condo prices in Japan are forecast to drop by 2 per cent next year as demand from foreign investors peters out after the Summer Olympics in Tokyo, it said. In Italy, growth near stall-speed and double-digit unemployment rate are likely to restrain home prices in cities including Rome.Fitch forecasts nominal home…
Source : South China Morning Post
Read more…Japan, Italy are only losers in 2020 as home prices set to fall on Olympics, GDP hangovers: Fitch
