Another one closes week marked by declines for securities in the real estate sector, listed on Piazza Affari, with few ideas, thanks to the Christmas climate.
On the monetary policy front, come on verbal of the meeting of 30 and 31 October of the Bank of Japanwhen it left interest rates stable at 0.25% and, forecast that inflation will move around its 2% target in the coming years, it emerged that the policymaker of the Japanese central bank they said agree that if the outlook for economic activity were realized and price growth was in line with expectations, the BoJ would “consequently continue to increase the interest rate of reference and ad adjust the degree of monetary accommodation“.
For the rest, the Federal Reserve has made it clear that it will adopt a more cautious approach in 2025, proceeding with only two limited rate cuts, for a correction of 50-75 points at most. Even the Bank of England has been held back by inflation and will proceed with greater caution.
Sector studies
According to a report by Savills, a company active mainly in commercial and business real estate, a search is expected stability of investments in the first half of the year of 2025 and one more dynamic recovery in the second half of the year, because financing costs have not yet reduced significantly and the global economy is still dominated by uncertainties. to logistics will continue to be a leading segment within the Italian real estate market, while the sector of hospitality will continue trajectory Of growth thanks to a greater presence of international chains, new locations and formats. The sector of offices will continue recording smaller volumes compared to the past
The performance of the sector on the stock exchange
The real estate sector experienced a week of strong declines, in the Milanese market, with the index FTSE Italia All Share Real Estate which brings home a decrease of over 3 percentage points. Same fate for the sector, at a European level, which shows a decline in the index Stoxx 600 Real Estate by 1.6%. A correction mostly expected at the end of the year.
Real estate securities listed in Milan
Among the real estate companies listed on Piazza Affari, the decline recorded by Dotstay was heavy, dropping by more than 26%, followed by Brioschi, which slipped by around 3%. Risanamento, IGD and Abitare IN were also down 3%. Gabetti lost 2%, while Aedes moved against the trend with +2.48%. Flat Next RE.
Macroeconomic data
There are few insights into the real estate market from the macroeconomic front. In the USA it has started to grow again sale of new homes: according to what was found by the Census Bureau, in November, there was an increase of 5.9% to 664 thousand units compared to 627 thousand units in October when there was a drop of 14.8%.
