Il European real estate returns to speaking Italian, in a climate of growing optimism. In fact, our country will be the leader of the EU area in market growth in the two-year period 2024-2025, with a real estate turnover which will increase by 3,4 percent by the end of this year and the 5,7 percent next. These are the data that emerge from theEuropean Outlook 2025 presented by Real Estate Scenarios on the occasion of 32nd Forum of forecasts.
“The darkest and most difficult period for European and Italian real estate should be nearing its end,” he underlines Mario Breglia, President of Scenari Immobiliari, illustrating the study at the opening of the Forum. “The outlook is positive, starting with the residential sector where demand is strong and the drop in interest rates will drive sales. Demand for offices is stable, especially new ones, and interest in the hospitality sector continues. Logistics is still positive, while the crisis in the commercial sector remains, even if it is easing”.
In terms of residential sales, 720 are expected in 2024, while around 2025 exchanges are expected in 760: an increase of 36 percent compared to 2020. Over ninety percent of sales involve old homes and this pushes prices upwards for new homes or homes of better quality, which do not require redevelopment work.
In sales prices, a growth of 3,1 percent is expected at a national level, but in the large cities the variations will be more significant, with Milan leading the ranking of the top 10 cities with a +6,9 percent, ahead of Venice with a +6,5 percent and Rome with a +6 percent. Followed by Bergamo (+5,2 percent), Bologna (+5,1 percent) and Naples (+5 percent).
