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Italian brokers cheer home price drop as a path to recovery

Prices decline in Q 1, extending the average fall from a 2008 high to 16.3%

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Home purchases in Italy increased by an annual 7.1 per cent in the last quarter of 2014, the most since 2006.

Rome

AS Italian home prices head for an eighth straight year of decline, some real estate agents are cheering on the drop. "I hope prices will stagnate or even keep falling," said Claudio Parenti, one of the heads of Rome for Tecnocasa, the country's largest property broker. "Along with

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