It was another strong year for the property sector in Italy mainly led by the record growth in the first half, which partially offset the declining trend in the last quarter of the year.
Occupier and investment markets behaved differently during the second half, with the latter quickly reacting to the worsening of the financial market while the former, strengthening further.
ITALIAN REAL ESTATE OVERVIEW H2 2022
08/02/2023
We are leaving behind 2022, an eventful year: war, inflation, energy crises, interest rates. 4 words to define the year and which will continue to shape 2023. The second half of 2022 marked the turning point for the real estate industry: from the “lower for longer” to “higher for longer” interest rate environment. Italy chose a new Government led by a right-wing coalition and for the first time in years investors didn’t react with nervousness, thus avoiding further turbulence on the Country.
Of course, we still must find out what will be next, and we are aware that we can’t predict when the current headwinds will eventually subside. What we can do is read the past and look for opportunities for the next cycle. So: how was the market in 2022?
Of course, we still must find out what will be next, and we are aware that we can’t predict when the current headwinds will eventually subside. What we can do is read the past and look for opportunities for the next cycle. So: how was the market in 2022?
RECENT INSIGHT
Insights
Italian Real Estate Overview H1 2021
"This is the time to invest in Italy” - Jamie Dimon, Chairman and CEO J. P. Morgan. This sentence summarizes the momentum Italy is facing at mid-21: confidence is back, there is money to deploy for the structural reforms we need to fully recover and there’s still huge volumes of capital for real estate.
Raffaella Pinto • 28/07/2021
Article
The Industrial & Logistics division, that also specializes in the Data Center market, has taken part in the event, “Real estate investments through Data Center: the impact of digital transformation on real estate asset classes” organized by AGIDI, or the Italian Association of Real Estate Legal Experts.
Alessandro Mancini • 17/09/2020