Black real estate: the critical situation in Italy
We anticipated that, in general, there is a sort of European slowdown in real estate.
In fact, there is a profound discrepancy between and expectations brought forward on the demand side, and the actual practical response with the offer.
Despite everything, however, the results in terms of purchase and sale contracts signed are positive.
However, there is one country, which unfortunately is distinguishing itself for the even more dramatic situation it is going through: Italy.
But what are the problems that Italy is facing?
Mainly, the sore point is given by the inability on the part of the boot, to fail to maintain the rhythms present instead in the rest of Europe. The firm prices do indeed push the sales, (which could reach up to a maximum of 670,000 euros by the end of the year) but at the same time do not allow an 'effective qualitative growth of the value of the buildings.
The only exception is the Milanese market. According to the findings of the main analysts in the sector, this area alone has guaranteed a positive trend, constant over time and perfectly aligned with the rest of the major continental markets.
Therefore, leaving out this exception, throughout Italy there is a real ‘deep market’ that signals critical levels never seen before.
Furthermore, it is necessary to specify that the offer proposed by the Italian market does not fall within the canons that the request to reach is instead proposed. It can be defined as a real paradox, according to experts. Interest rates at a minimum, over a million potential buyers and a market off.
However, this slowdown has affected the European average, which has suffered a slight decline. But not so dramatic.
Last year we remember, it was really memorable for European real estate.
Approximately 260,000,000 euros of total transactions that generally seem to be maintaining high even in the first months of 2019.
The decline was most noticeable only in European capitals, with a fall of around 13%.
But what is the segment that you are managing to defend at best, despite everything?
That of the residential which, together with the offices, represents over 50% of the total European brick investments.
But which are the main European cities that are well defending themselves?
• France +7.5%
• Spain + 6.6%
• Germany + 6.3%
Leaving aside Europe instead and preparing for the world market, we note that the most substantial increases are those that we find in American real estate (+ 14%).
In general the situation is not so critical in Europe, but it could definitely improve if the Italian peninsula returns to being one of the most sought-after diamond points, not only from the luxury segment, but also from the simple average demand.
It is therefore hoped that this period will be a simple "physiological" decline and that, in the future, it cannot lead to the "pathological".
In fact, there is a profound discrepancy between and expectations brought forward on the demand side, and the actual practical response with the offer.
Despite everything, however, the results in terms of purchase and sale contracts signed are positive.
However, there is one country, which unfortunately is distinguishing itself for the even more dramatic situation it is going through: Italy.
But what are the problems that Italy is facing?
Mainly, the sore point is given by the inability on the part of the boot, to fail to maintain the rhythms present instead in the rest of Europe. The firm prices do indeed push the sales, (which could reach up to a maximum of 670,000 euros by the end of the year) but at the same time do not allow an 'effective qualitative growth of the value of the buildings.
The only exception is the Milanese market. According to the findings of the main analysts in the sector, this area alone has guaranteed a positive trend, constant over time and perfectly aligned with the rest of the major continental markets.
Therefore, leaving out this exception, throughout Italy there is a real ‘deep market’ that signals critical levels never seen before.
Furthermore, it is necessary to specify that the offer proposed by the Italian market does not fall within the canons that the request to reach is instead proposed. It can be defined as a real paradox, according to experts. Interest rates at a minimum, over a million potential buyers and a market off.
However, this slowdown has affected the European average, which has suffered a slight decline. But not so dramatic.
Last year we remember, it was really memorable for European real estate.
Approximately 260,000,000 euros of total transactions that generally seem to be maintaining high even in the first months of 2019.
The decline was most noticeable only in European capitals, with a fall of around 13%.
But what is the segment that you are managing to defend at best, despite everything?
That of the residential which, together with the offices, represents over 50% of the total European brick investments.
But which are the main European cities that are well defending themselves?
• France +7.5%
• Spain + 6.6%
• Germany + 6.3%
Leaving aside Europe instead and preparing for the world market, we note that the most substantial increases are those that we find in American real estate (+ 14%).
In general the situation is not so critical in Europe, but it could definitely improve if the Italian peninsula returns to being one of the most sought-after diamond points, not only from the luxury segment, but also from the simple average demand.
It is therefore hoped that this period will be a simple "physiological" decline and that, in the future, it cannot lead to the "pathological".
