What has just ended was one Weak week for the real estate sector On the stock exchange, in contrast to the generalized raises of the major global indices. After incorporating greater optimism regarding interviews on the topic of duties between the USA and China, the markets look carefully at evolutions on the macroeconomic front To understand what the impacts on growth and inflation will be deriving from this first round of rates and what the future scenario can be once a balance on commercial theme is found. Regarding monetary policy, which has an important effect on the real estate market, during the week the President of the Fed Jerome Powellin a meeting on the operational revision of the Central Bank, underlined the need to remodel the current approach Which has the objectives full employment and containment of inflation, also considering the shocks on the side of the offer and the related increases in the prices that are proving to be key factors for the scenario in recent years.
The trend of the sector on the stock exchange
The real estate sector has lived a flat week at European level, with the index Stoxx 600 Real Estate which has not scored any significant variation on a weekly basis, submerging the trend of the Stoxx Europe 600 (+2.4%).
A worst performance was scored by Italy, where the index FTSE ITALY All Share Real Estate showed a 4.2% decrease on a weekly basis, also in this case worse for the index FTSE MIBwhich closed the week with a 4.1%rise.
Real estate securities listed in Milan
Among the listed real estate companies in Piazza Affari, there was a week positive For Gabetti (+5.1). Little move Brioschi. Bad Instead Next Re (-7.1%), PGD (-5.3%), remediation (-2.5%), live in (-2.4%) and Aedes (-1.1%).
Among the corporate communicationssome indications have arrived on the progress of the first quarter of the year. The consolidated gross operating margin of Di Brioschi real estate development It is positive of 0.5 million euros, compared to 0.8 million euros to 31 March 2024, while the total result of the group is negative of 1.1 million euros, compared to 0.7 million euros to 31 March 2024. Gabetti Property Solutions recorded operational revenues of 27.2 million euros (30.5 million euros in March 2024) and a gross result of the group equal to -0.6 million euros, compared to -0.7 million euros of the same period of the previous year
Macroeconomic data
On the macroeconomic front, indications have arrived above all from the United States, gift continued to grow the weekly applications of mutual (+1.1% after the increase of 11% of the previous week), despite the rates on thirty -year mortgages 6.86% from 6.84% previously, according to the Mortgage Bankers Associations data (MBA). In addition, data contrasted in April by the American building market came: according to the US trademark department, i New construction sites started They recorded a climb of 1.6%, while the building permits issued by the competent authorities recorded, in the same period, a decrease of 4.7%.
Sector studies
During the week, interesting data arrived by the BRICK OBSERRIATORY on judicial real estate auctions. The residential segment, which represents the majority of procedures (52%), records a decrease equal to -21.1% in the number of auctions published. The average Cala Auction price of 8.5%, while the total value is reduced by 27.8%. Commercial auctions (20%of the total) fall in absolute terms (-18.4%), but the average auction price increases by +3.9%, reporting a possible polarization to more qualified assets.
A new investigation conducted by Gate-Way.com has confirmed that Italy is the first choice for Who is looking for a second home abroad. According to the analysis, conducted among the users of the site, over half of the interviewees (53.06%) said they were looking for home exclusively in Italy, clearly detaching the other destinations in the Mediterranean such as Spain (22.31%), Portugal (17.80%), nations that, like Italy, offer a mix of favorable climate, quality of life and landscape beauties. After this trio head, a series of destinations appear which, although with more content numbers, represent significant alternatives in the decision -making process of foreign buyers: among these in order of preference, France, Greece, the United Kingdom, Malta, Cyprus and Turkey include.
