The real estate sector closes a very negative week, braking by the prudent politics of the Federal Reserve, which has again announced a fact on rates, tracing the yields of the US Treasury. The market did not benefit from the recovery signals that arrived from the real estate market.
Fed confirms cautious setting
The most important appointment of the week is the one with the Federal Reservewhich confirmed a prudent attitude, confirming the rates in the interval 4.25-4.50%. The US Central Bank, in conjunction with a reduction in the fall of the growth forecasts, explained that the uncertainty about the economic perspectives has increased and there is no hurry to change the position of monetary policy, while inflation remains under control
Also the monthly bulletin of the ECB He confirmed a slight ascent of inflation, but the basic component remains under control, and a setting of monetary policy very flexible and oriented to data. More followed by the speech of President Christine Lagarde, which quantified N3llo 0.3% of the GDP The negative impact of the US dice at 25%.
Also the Other central banks – From Bank of Japan to Bank of England – they left the status quo unchanged, waiting to understand the developments and impacts of the commercial war, while the Swiss National Bank moved in advance, cutting the cost of money of 25 basis points. The Russian central bank closed the week with the confirmation of 21%rates.
Signals of recovery from the real estate market
On the macro data front of the week, the exit of theNahb index On the market of homes in the USA, which recorded a 39 points from 42 previous and expected in March in March, but the Sales of existing homes 4.2% bounced after -4.7% of the previous month.
The Weekly requests for mortgages They dropped by 6.2%, mostly due to the contraction of refinancing, in response to the rate of the rate on thirty -year mortgages at 6.72%.
Istat confirmed a decision recovery of the Italian real estate marketpointing out that the price index of the houses purchased by families for living purposes or for investment recorded a tendential growth of 4.5% in the 4th quarter 2024, in acceleration compared to +3.8% of the third quarter 2024.Nel 2024, the prices of the houses have grown on average of 3.2% compared to the previous year (in sensitive acceleration from +1.3% of 2023).
Looking at the sector studies, a recent report on the real estate market of Aberdeen Investments indicate that the prospects of returns real estate in Europe and the United Kingdom have improvedas a deepest “building crisis” is expected that will limit the new offer and increases pressure on rents.
The trend of the sector on the stock exchange
The real estate sector has lived a stable week at European level, where The Stoxx 600 Real Estate index He recorded an increase of 0.6% on a weekly basis.
A worst performance was recorded by Italy, where The FTSE ITALIA ALL SHARE REAL ESTE INDEX He accused a 2.4%loss, in contrast to the MIB MIB market index which marks a progress of 2.5%.
Among the real estate companies listed in Piazza Affari, the best performance is still that of IGD which makes a balance of about 5% on a weekly basis. In the sector shines Next Re +4%. Heavily negative performance for Rehabilitation (-15%) and for Brioschi (-5%) e Live in (-1.3%).
