Interlocutory week for the real estate sector on the marketswith the attention paid to the cyclone Trump and the ads, first at the oath ceremony and then to Davos. More relevant for the real estate sector are the appointments from next week, being The meetings of central banks in the United States and in the Eurozone on the calendar: A new 25 -point cut from the ECB is expected, while the Fed should leave the rates unchanged. Looking at the old continent, with the cost of money that has an effect on the progress of the real estate market, the declarations of the governors of the national central banks of the past few days have confirmed that there is a broad consensus in favor of new cuts in official rates, which are currently also supported by members of the Board of Directors normally classified as “Falchi”.
The trend of the sector on the stock exchange
The real estate sector has lived a weak week at European level, with the index Stoxx 600 Real Estate which marked a -0.7% on a weekly basis, worse than +1.6% of the Stoxx Europe 600.
A better performance was scored by Italy, where the index FTSE ITALY All Share Real Estate He showed +0.8% on a weekly basis, sub-performing the FTSE MIB index which closed the week with a 1.2% rise.
Real estate securities listed in Milan
Among the listed real estate companies in Piazza Affari, there was a week positive For Gabetti (+2.5%). Just above the Aedes (+0.6%) and PGD equality (+0.4%). Unchanged Dotstay and Next Re. Le worst Performance, on the other hand, are those of Brioschi (-6%), followed by Libitarein (-2.2%) and restoration (-1%).
Ideas on the business came from Gabetti Property Solutions, with the resignation of the CEO Roberto Busso and the co -option on the Board of Directors of Marco Speretta, who was appointed CEO in his place. Aedes has announced an operation of co-investigation With the control partner in Lavip for the real estate acquisition of a directional building located in Genoa. The Assembly of the shareholders of Libitarein approved the budget As of September 30, 2024, which on a consolidated basis ended with a net profit for the group of 5.8 million euros.
Macroeconomic data
Slightly up the Mutual questions in United States: in the week to 17 January, the index that measures the volume of the mortgage loan applications records an increase of just 0.1%, after the great leap of the previous week, also for the fact that the rates on thirty -year mortgages have fallen At 7.02% from 7.09% previous, according to Mortgage Bankers Associations (MBA) data.
In ItalyIstat communicated that, in November 2024, the decreased index of the production in the sector Construction recorded the third consecutive increase on a monthly basis, reaching the highest level after January 2024. Also in the comparison with November 2023, the production in buildings, net of the calendar effects, shows growth, which continues almost uninterrupted from February 2021 .
Sector studies
During the week interesting data arrived on theattractiveness of Italian cities. Milan confirms, without surprises, the most attractive in Italy among the large centers, while it is less obvious and Monza to conquer the first position among the provincial capitals, overtaking Bergamo, according to the latest edition of the Market Appeal Index. Looking at the main cities of the peninsula, which are distinguished by the size of the market and speed of real estate exchanges, the most attractive remains Milan (with a score of 100/100), the main economic center of the country and the city with an increasingly accentuated building development, also for the growing mole of international events it hosts. He follows, as last year, Rome – whose houses market was strongly influenced by the advent of the Jubilee – which shortens the distance reaching a total score of 86.1 (first 83.3). He earns a Bologna position, whose score, however, is reduced to 2024, 72.2. Just outside the podium, with 66.7 points, the city of Florence.
The usual data of the Tecnocasa Group Office Office have instead indicated that i sales times in large cities In July 2024 they are 105 days, confirming the same data a year ago. Once again Bologna and Milan are confirmed by the fastest cities, respectively with 68 and 81 days, an increase of 12 and 13 days compared to a year ago. The longer times are reported in Genoa, 138 days, this is confirmed as the city where more time takes to sell a house, followed by Palermo with 128 days. In the realities of the metropolis hinterland, 146 days are needed against 139 days of a year ago. The shorter sales times are reported in the Hinterland of Florence (116 days), which improves 6 days thanks above all to the towing of the holiday home market. The Milan hinterland follow with 126 days, substantially unchanged compared to a year ago (127 days). In the provincial capitals, those who decide to sell the house must take into account on average 131 days, a figure slightly increased compared to a year ago when 129 days were needed.