A two -speed week ends for the securities of the real estate sector, listed in Piazza Affari and, in Europe, with the attention of investors concentrated on American inflation, but also on the duties issue, after the US president Donald Trump has extended the commercial agreements with China for another 90 days, stabilizing the relations between the two countries and guaranteeing further time to find an agreement also on other unresolved issues.
Usa inflation does not ignite, focus on Tassi cutting in September
Slower growth than the expected of American inflation. The data on consumer prices has strengthened the hypotheses between the insiders, of a cut in interest rates, by the Federal Reserve, on the occasion of the monetary policy meeting, scheduled in September. For the secretary of the American treasure, Scott Beesent are “good possibilities of a reduction of 50 basis points”. Meanwhile, the US president, Donald Trump has renewed his criticisms of the Governor of the Federal Reserve, Jerome Powell, soliciting an immediate cut of interest rates. Trump also mentioned the possibility of authorizing a cause against Powell, citing the bad management of the renovation works of the buildings of the US Central Bank.
The trend of the sector on the stock exchange
The real estate sector on the Milanese square closed the octave down with the FTSE Italia Al All Share Real Estate index which brings a 2.16%descent home. On the other hand, the trend of the sector, at European level, with the Stoxx 600 Real Estate index on the rise of approximately 2%.
Real estate securities listed in Milan
Among the real estate companies listed in Piazza Affari, Restore is the best title with a rise of over 5 percentage points. Also well, Next Re (+3%) and Brioschi (+1.8%). Gabetti rises 1.4%. The climb of Aedes (+0.50%) are fractional. On the side of the falls, live in 1.4% and IGD yields 3.4%.
Macroeconomic data
In the week to August 8, mortgage questions in the United States significantly increase. The index that measures the volume of mortgage loan applications records an increase of 10.9%, after the +3.1% recorded the previous week. The index relating to refinancing requests has risen by 23%, while that relating to the new questions increased by 1.4%. According to what indicated by the Mortgage Bankers Associations (MBA), rates on thirty -year mortgages fell to 6.67% from 6.77% previous.
Sector studies
The macroeconomic difficulties that emerged in the first months of 2025 continue to influence the global real estate scenario. The unpredictability of US policy and the increase in the probability of recession contribute to creating a complex scenario for investors. The mix of pressure on prices due to the duties and signs of weakening of the economy further complicates the situation, generating uncertainty about interest rates. This is what emerges from an analysis on the prospects for the real estate market for the second half of the year by Darin Bright, Head of Us Core Plus Investment Platform Pgim Real Estate. “Although the probabilities have grown, that of a real recession – Bight notes – remains a rather unlikely scenario. In the context of insufficient offer, the moderate demand tends to encourage greater balance, helping to stop the current growth of rents and real estate values. Various sectors have unique opportunities, some of which with more defensive qualities that can offer stability in a phase of economic slowdown. public market highlights the importance of diversification.
