Italy’s leasing market saw a decrease in new business of almost 20.8 percent in 2008 according to official data released by Italy’s leasing association Assilea.
The fall was particularly evident in real estate leasing. New real estate leasing contracts totalled €15.1 billion, down by 34 percent compared to 2007.
Equipment leasing also was badly affected, reporting a drop by 11.4 percent.
Vehicle leasing and train, ship and aircraft leasing reported a smaller drop, respectively by 7.5 percent and 2.3 percent.
