H2-2016: Asset prices to recover in southern Europe but Italy

Asset prices in the Euro area increased by 2.9% and 2.4% year on year in the third and fourth quarter of 2016, respectively.

The trend of falling asset prices in the southern European countries has come to a stop with the exception of Italy. The price of assets held by Italian households dropped by more than two percent in Q3 and Q4 in comparison to the same quarters of the previous year. Even though Italian real estate prices have become more stable recently, prices of Italian businesses dropped by more than 15% year on year in each of the last two quarters of 2016.

In the northern countries of the Euro zone asset prices continued their upwards trend. The highest year on year price growth rates were recorded in Germany (+6.0% in Q3) and in the Netherlands (+4.9% in Q4).

Download study as PDF (Reading time: 10 min.)

Legal notice

The information contained and opinions expressed in this document reflect the views of the author at the time of publication and are subject to change without prior notice. Forward-looking statements reflect the judgement and future expectations of the author. The opinions and expectations found in this document may differ from estimations found in other documents of Flossbach von Storch AG. The above information is provided for informational purposes only and without any obligation, whether contractual or otherwise. This document does not constitute an offer to sell, purchase or subscribe to securities or other assets. The information and estimates contained herein do not constitute investment advice or any other form of recommendation. All information has been compiled with care. However, no guarantee is given as to the accuracy and completeness of information and no liability is accepted. Past performance is not a reliable indicator of future performance. All authorial rights and other rights, titles and claims (including copyrights, brands, patents, intellectual property rights and other rights) to, for and from all the information in this publication are subject, without restriction, to the applicable provisions and property rights of the registered owners. You do not acquire any rights to the contents. Copyright for contents created and published by Flossbach von Storch AG remains solely with Flossbach von Storch AG. Such content may not be reproduced or used in full or in part without the written approval of Flossbach von Storch AG.

Reprinting or making the content publicly available – in particular by including it in third-party websites – together with reproduction on data storage devices of any kind requires the prior written consent of Flossbach von Storch AG.

© 2024 Flossbach von Storch. All rights reserved.