A week mixed for the real estate sector on the stock exchange, in the absence of Catalyst important for the lack of meetings of the main central or quarterly banks of large companies. The relatively accommodating position of the president of the Fed Jerome Powell to Jackson Hole a week ago was reflected on the markets and the United States overwhelmed the European actions throughout the week, in particular due to the sell-off of French banks in the wake of an imminent collapse of the government of the Alps. In Europe, the IFO data confirmed the stagnation of the major European economy, with the current evaluation index slightly decline. The expectations index, on the other hand, has risen to the highest level of the last 3 and a half years, also thanks to relatively positive perspectives in the manufacturing sector.
The trend of the sector on the stock exchange
The real estate sector has experienced a negative week at European level, with the Stoxx 600 Real Estate index which fell by 2.6%, under-performing the trend of the Stoxx Europe 600 (-1.7%).
A better performance was scored by Italy, where the FTSE Italia All Share Real Estate has shown an increasing performance by 1.7% on a weekly basis, better than that of the FTSE MIB index (-1.6%).
Real estate securities listed in Milan
Among the real estate companies listed in Piazza Affari, there was a positive week to live in (+8.5%), rehabilitation (+3%), Brioschi (+3%) and PGD (+1.6%). Little move Next Re (+0.6%). Negative Gabetti (-0.6%) and Aedes (-2.3%)
Among the corporate announcements, Restore has made it known that the positive consolidated financial position positive at 31 July 2025 is equal to 29.3 million euros against 29.1 million euros of the previous month.
Macroeconomic data
On the macroeconomic front, the main indications came from the United States, where requests for weekly mortgages have still been down for high rates, the sale of new houses decreased in July, and the prices of the houses have marked an increase in June on an annual basis (mixed indications on a monthly basis).
Sector studies
During the week interesting data arrived from Immobiliare.it, which analyzed the costs of the houses in some of the most tourist places in Italy, between sea, mountains and cities of art, comparing prices with those of last year. For the sea, Liguria is very popular especially by Lombardi and Piedmontese, but the costs, especially in the Ponente Riviera, are high. The province of Savona is the most expensive, with 3,595 euros/medium square meters, while the Riviera di Levante is more affordable. La Spezia, which allows you to reach both the Cinque Terre and the Tuscan Maritime destinations without too much difficulty, provides for an expense of 2,117 euros/m2 for the Municipality and of about 2,400 euros/m2 for the province. Looking at the mountain, the primacy is often contended for the primacy of Aosta and Trentino-Alto Adige. Trentino Alto-Adige is absolutely the most dear region in Italy to buy a house, with over 3,550 euros/medium square meters, mainly driven by Bolzano: here, the municipality touches 5,000 euros/m2 (+4.4% in a year), but also the province, with 4,548 euros/sqm on average, is not very distant. In Trento the figures are more accessible: 3,348 euros/m2 for the Municipality and 2,518 euros/m2 for the province. Aosta Città, on the other hand, remains on much more contained costs, below 2,300 euros/m2, despite an annual increase of over 10%, while the Province loses 7.7% and retreats to 2,755 euros/average square meters. Among the cities of art, Milan remains firmly in the lead (5,540 euros/m2), and the prices have also risen in the last year (+2%). Florence, in second place, instead experimented with a real boom, with an increase greater than 8% in the 12 months and an average price of over 4,600 euros/m2.
According to Gate-Way.com, an Italian real estate portal dedicated to international users who want to buy a house in Italy, the luxury market in Italy knows no setbacks. According to the data of the first eight months of 2025, requests for valuable properties in the Bel Paese are confirmed lively, with a question that comes not only from traditional markets as the United States, and Germany, but also from continuously evolving extra-European areas. The interest is mainly focused on the extra-luxury range (over 3 million euros), which records average values of requests beyond 6.8 million euros (+2.4% compared to 2024). A figure that testifies to a healthy market and driven by an international audience with high purchasing power. In the “luxury” range (1-3 million euros), however, the average value of the requests is at 1,712,739 euros, slightly decreasing (-0.71%) compared to the same period last year: a signal that photographs a dynamic segment but with greater attention to the selection of properties. If we look at the origins, the United States remain the protagonists with 24.9% of the requests followed by Germany (17%). In the luxury segment, an unprecedented fact stands out: the “Italy” item grows by +49.6%, representing 9.3% of the total. “Italy” do not mean Italian buyers, but the requests that foreigners send when they are on our territory. A phenomenon that confirms how, once in Italy for vacation, study or work, many visitors decide to take the next step and look for a house.
