A two -speed week ends for the titles of the real estate sector, listed in Piazza Affari and, in Europe, on the concerns for the effects that the commercial policy of the US duties will have on the global economy.
The markets paid yet another announcement on Donald Trump rates: This time the American president decided to impose a 25% rate on all cars imported into the country. The duties will be permanent and will come into force on April 2nd. The EU response is ready: the list of countermeasures will be well selected.
The trend of the sector on the stock exchange
The real estate sector on the Milanese square has experienced a positive week with the FTSE Italia All Share Real Estate index that brings home a climb of 2.7%, making better than the sector, at European level, with the Stoxx 600 Real Estate index, on the other hand, in a flexion of 1.5%.
Real estate securities listed in Milan
Among the real estate companies listed in Piazza Affari, remediation conquers the palm of the rise with a +6.4%, followed to be inhabited by 4.1%. Igd earns about 3%, while Aedes brings home a progress of 2.3%. Brioschi salt 1%. On the side of the falls, Gabetti slips by 1.2%, while worse Next Re who loses over 5 percentage points.
Macroeconomic data
On the macroeconomic front, in the USA the Mutual questions in the United States. In the week to March 21, 2025, the index that measures the volume of mortgage loan applications records a 2% decrease, after the decrease of 6.2% of the previous week. The index relating to refinancing requests decreased by 5.3%, while that relating to the new questions rose by 0.7%. The Mortgage Bankers Associations (MBA) indicated that the rates on thirty -year mortgages dropped to 6.71% from 6.72% previous.
Always in the US, the Sale of new housesin February: the data highlighted an increase of 1.8% to 676 thousand units compared to the 664 thousand January units, when there was a drop of 6.9%. In the same month, more than expected expectations rise, according to the numbers that emerge from the compromises for the purchase, an indicator of the perspective trend of the real estate market and mortgages.
Meanwhile, i House prices They are increasing in January 2025, according to what the S&P Case-Shiller index, which measures the trend of prices in the main twenty metropolitan areas of the United States. Same trend, price growth, was detected by the FHFA index developed by the Federal Housing Finance Agency.
Sector studies
According to theEurostatabout 71%of Italian families have the home in which they live: a fact that, although not reaching the records of the countries of the former Soviet block, is clearly higher than that of France (65%), the United Kingdom (63%) and Germany (50%). If, on the one hand, the widespread diffusion of real estate property has had positive social effects, on the other, the fact that a house can be, at the same time, financial asset and tangible asset with which to create an emotional bond can lead to confusion and many Italians struggle to apply the same rational parameters to the real estate investment that are used for other types of investments.
According to the Fiaip Report Monitor Italiadeveloped for the twelfth consecutive year by the Fiaip Study Center, on a sample of over 600 real estate and professionals of Real Estate, in collaboration with Enea and I-Com, 2024, for the real estate market was a positive year, with a growth in residential buyers of 1.5% and 5% of the first houses and an acceleration for less energetic homes, considering the growing costs of the bills. The prospects are also positive for 2025 thanks to the interest rates on mortgages in substantial decrease and still decreasing in the coming months.
The report highlights that in 2024 a slight increase (+1.5% compared to 2023) of the total number of residential sales, equal to about 720 thousand with a significant increase (+5%) of the sale of the first houses are stated. At the basis of this improvement, the substantial reduction of inflation and even more the turnaround of the ECB monetary policy, which fueled trust in the market, facilitating access to credit, in particular for first home mortgages whose requests increased by 10%, also thanks to the confirmation of the Consap guarantee fund. For market values there was an average increase of a+3%(2024 out of 2023) with large cities with a strong tourist, university and working vocation, which recorded respectively in Turin (+3.1%), Rome (+4%), Naples (+2.3%) and Milan (+1.6%). For housing leases, there is an average increase in a+2%of the number of contracts, accompanied by an average growth of the average growth of the A +7% compared to 2023, all towed with short and transitory leases. The most frequently sought -after typology is the agreed fee contract with reference to two -room or three -room apartments used in central and semi -decentral areas.
