Negative week for the real estate sector on the stock market, in tandem with the general trend of the stock markets. Concerns about an excessive valuation of technology stocks have weighed on investor sentiment, driven in recent months by high expectations on the impact of artificial intelligence.
The performance of the sector on the stock exchange
The real estate sector experienced a negative week at a European level, with the Stoxx 600 Real Estate index recording a decline of 0.7%, still doing better than the -1.4% of the Stoxx Europe 600.
A worse performance was achieved by Italy, where the FTSE Italia All Share Real Estate index showed a decline of 1.2% on a weekly basis, worse than that of the FTSE MIB index (-1%).
Real estate securities listed in Milan
Among the real estate companies listed on Piazza Affari, a positive week was recorded for Next Re (+3.4%). IGD (+0.7%), Brioschi (+0.3%) and Aedes (-0.2%) moved little. Negative Gabetti (-1.8%), AbitareIn (-3.7%), Risanamento (-4.5%).
Macroeconomic data
On the macroeconomic front, there continues to be little indication in the United States, where the shutdown continues. Weekly mortgage applications in the United States were down (1.9% decrease, after the +7.1% recorded the previous week), with rates on thirty-year mortgages rising slightly to 6.31% from the previous 6.30%.
Sector studies
This week, interesting data arrived from Immobiliare.it on the time on market of homes for sale and rent, according to which in Italy a property for sale remains on the market for an average of 7 and a half months, without changes compared to 12 months ago, while a house offered for rent remains available for less than 6 and a half months, a 5% decrease in time compared to last year. Among the 20 cities of the Peninsula analysed, Trieste is the city in which the time on market for properties for sale is lowest: 5.3 months on average, with a clear decrease of 12% compared to a year ago. Also on the podium are Bologna, with 5.6 months (-4% on an annual basis), and Milan, with 5.8 months; in the Lombardy capital, however, times increased slightly over the period (+3%). Trieste also confirms itself in first place for rentals: the average age of adverts is 4.4 months, down 21% on an annual basis. In second place, tied but well behind the top, are Naples and Verona (5.2 months), followed by Florence, Cagliari and Padua (all with 5.3 months).
According to the Tecnocasa Group Research Office, in the first part of 2025 real estate values in Milan recorded an increase of 1.4%. The central macro-area reports an increase of 0.8%. Instead, house prices in the Lodi-Corsica macro-area grew by 3.3%, the greatest increase, following the trend recorded in the neighborhoods of Santa Giulia, Corvetto and Rogoredo. The only minus sign is in the Navigli-Famagusta macro-area. The luxury segment remains dynamic in Milan even if prices, which have now reached considerable peaks, do not currently show significant changes.
