What has just ended was one negative week for the real estate sector on the stock exchangealso thanks to the last session where the markets in general suffered the new lunge of Donald Trump on the duties, as the US president threatened 50% rates on the EU starting from June. On the central banks front, whose rates have an effect on the real estate market, from the minutes of the last meeting of the ECB It emerged that inflation in the Eurozone in 2025 could fall below the provisions of March, to the current exchange rates and energy prices. Looking next week, the publication of the minutes of the last meeting of the Federal Reserve It will probably strengthen the message that monetary policy is well positioned and that Fed officials want to wait more clarity on the duties and their effects on the economy before deciding whether to adapt the rates.
The trend of the sector on the stock exchange
The real estate sector has experienced a negative week at European level, with the index Stoxx 600 Real Estate which scored -0.7% on a weekly basis, however overwhelming the trend of the Stoxx Europe 600 (-1.6%).
A worst performance was scored by Italy, where the index FTSE ITALY All Share Real Estate He showed a 3.2% decrease on a weekly basis, in this case worse at the Ftse Mib index, which closed the week with a 2.8% drop.
Real estate securities listed in Milan
Among the listed real estate companies in Piazza Affari, there was a week positive To live in (+4.3), Brioschi (+2.4%) and Aedes (+1.4%). Little move Next Re. Bad Instead IGD and Gabetti (-4%), even worse renovation (-8%).
Among the corporate communicationsthe Brioschi Development Assembly approved the financial statements at 31 December 2024 and has newly postponed the loss of 1,324,942 euros, as well as approveing the report on policy on remuneration for the year 2025 and on the fees paid in 2024, and cancel its own shares.
Macroeconomic data
On the macroeconomic front, Istat communicated that in Italya March 2025, the decreased index of the production in constructions has decreased in conjunctural terms, in a less marked extent than the decrease recorded in the previous month. Despite this, in the complex of the first three months of the year there was an increase compared to the previous quarter, determined by the strong economic growth recorded in January. On a tendential basis and net of the calendar effects, in March the production in buildings continued to show a positive and slight acceleration dynamic in comparison with the previous months.
In United States the Mortgage weekly questions They dropped by 5.1%, also thanks to the fact that the rates on thirty -year mortgages rose to 6.92% from 6.86% previous, according to the Mortgage Bankers Associations (MBA) data. The Sales of existing houses In the United States they recorded a decrease of 0.5% in April, after -5.9% reported in March, according to the National Association of Real Estate Agents (NAR).
Sector studies
During the week interesting data arrived from the Observatory of the real estate market of theRevenue Agency in collaboration with the Italian Banking Association (Inhabitant): the Exchanges in the residential sectorwhich closes the 2024 touching the 720 thousand transactions and recording an increase of 1.3% compared to the previous year, for an estimated value of around 114 billion euros. There is therefore a resumption of the positive trend of the volumes underway since 2014, interrupted only by the 2023 contraction and the strong drop in 2020 (-7.7%), induced by the pandemic crisis. Last year, the increase in sales was more accentuated in the southern area, up 2.6%, while in the north east and in the center the growth was approximately 1.5%. In the North West and in the islands, values similar to 2023 are observed. In 2024 over 283 thousand purchases of homes in Italy were carried out by resorting to a mortgage loan. The overall capital financed for the purchase of homes amounts to over 38 billion euros, about 3 billion more than 2023 (+8.1%).
According to a search for Tecnocasabased on the data collected by the group agencies in the second part of 2024, the three -room apartment is the Type most present on the market of large citiesfocusing 33.9%. Four -room follows with 23.6% and, finally, the two -room apartment with 22%. Compared to the previous detection, the concentration of three-room apartments (-1.4%) decreases, increases that of studios (+0.5%) and two-room apartments (+0.8%). In Milan the offer is more concentrated on two -room apartments (30.9%), decreasing compared to the previous survey. The regional capitals that are not large cities also record a greater concentration of the offer on three -room apartments (34.6%).
