MILAN, July 21 (Reuters) - The Italian real estate market has stabilised but growth will have to wait until the end of 2010 at the earliest, the chief executive of Italy's Beni Stabili (BNSI.MI: Quote, Profile, Research) Aldo Mazzocco said on Tuesday.
"We are playing in defence but we're glad to do that since most of our European competitors are playing (behind) the goal (line)," Mazzocco said speaking at an analyst presentation.
Mazzocco said he expects conditions on the Italian property market to remain tough in the coming months, adding he sees the second half of the year in line with the first half with the same kind of buyer - families and private investors.
But if the market has perhaps steadied "we won't see the first signs of growth before the end of 2010, early 2011", he said.
