It closes another week in the name of Relizi for the securities of the real estate sectorlisted in Piazza Affari and, in Europe, despite the fears of investors for the new threats of American duties. The insiders fear that the commercial war can complicate the struggle of the Federal Reserve against inflation and, consequently, also future interventions on interest rates.
On the mortgages front, the Experian credit report Certifies the sustained growth of requests, driven by more favorable interest rates. At the end of 2024, there is further growth in the real estate sector.
The trend of the sector on the stock exchange
The real estate sector on the Milanese square lived a positive week, with the index FTSE ITALY All Share Real Estate which brings home a climb of about 2%, doing better than the sector, at European level, with The Stoxx 600 Real Estate index On the rise of 0.8%.
Real estate securities listed in Milan
Among the real estate companies listed in Piazza Affari, IGD Bait by 3.8%; It does better Live in which earns over 4 percentage points followed by Aedes increased by 1.6%. It collapses, however, of 8% Rehabilitation with Gabetti down 4.5% e Next Re 5.4%. Down too Brioschi -2.7%.
Macroeconomic data
Mortgage questions in the United States is falling. In the week to February 21, 2025, the index that measures the volume of Mutual questions mortgage records a drop of 1.2%, after the drop of 6.6% of the previous week. The index relating to refinancing requests dropped by 3.6%, while that relating to new questions increased by 0.2%. Mortgage Bankers Associations (MBA) indicated that i Rats on thirty -year mortgages They dropped to 6.88% from 6.93% previous. The buying and selling of homes In the United States, an indicator of the perspective trend of the real estate market and mortgages, according to the numbers that emerge from the compromises for the purchase, have decreased more than the expectations. In January 2025, The Pending Home Sales index (sales sales in progress), published by the Association of Real Estate Operators (NAR), recorded a 4.6% decrease on a monthly basis, taking 70.6 points against the 4.1% descent recorded in December. According to the Census Bureau in the United States, brakes the Sale of new houses in the United States, in January. The figure showed a decrease of 10.5% to 657 thousand units compared to 734 thousand December units when an increase of 8.1% had been recorded. The expectations of analysts were for a more contained drop up to 679 thousand units.
Sector studies
The mortgage market recorded strong growth in January 2025, with a +51.3% of the requests compared to the same month of 2024, according to the Experian credit reportGlobal Data Tech Company. The increase is also significant with respect to December 2024 (+35.6%), confirming a particularly favorable situation. The protagonists of this trend are in particular the millennials (30-45 years) which represent 53.4% of the requests, and the regions of the North East, which grow by +65.9% on an annual basis. An important factor that contributes to this positive scenario is undoubtedly the constant drop in interest rates which in December 2024 reached 2.99%, compared to 4.4% of December 2023.
The analysis of the Group Study Office Tecnocasa It notes that the brick is confirmed as an important investment choice for Italians. In the first part of 2024 19.4% of real estate sales was made for investment. Based on the data from the group agencies there is a slight contraction of purchases for investment to be allocated to accommodation properties, in particular in the places where there is a certain saturation of the market. It would seem that the owners are more oriented towards a continuity of the earnings deriving from lease and a less complex management of the property. In fact, the analysis examines long -term and non -seasonal leases. However, the annual lease returns remain interesting: for a 65 square meter two -room apartment in large Italian cities there is a yield equal to 5.6%, the metropolises that have the largest yields are: Genoa with 7%, Palermo with 6.9%, Verona with 6.5%.
“For 2025 the prospects for our economy are not particularly lively: +0.5% expected growth. If 2024 was a difficult year for the Italian industry, – says Fabiana Megliola, Head of Office Studies Group Tecnocasa – 2025 seems to suggest spiragli of improvement except for the automotive that could still suffer. There is the unknownness linked to American policies and the introduction of the duties that would penalize the Italian economy in which exports has a significant weight. The strong tourist attractiveness of the country would be supported, in particular to trade and catering “.
