The one who has just ended was A weak week for the real estate sector on the stock exchangewith the sentiment of the sector in Italy which was also penalized by the investigations of the Milan prosecutor’s office on alleged crimes in the urban planning of the city that has most have been driving up the Italian real estate development in recent years. The investigations concern alleged abuses committed in recent years by people who work in the administration of Milan, manufacturers and designersto authorize and accelerate the construction of new buildings. They focused in particular on projects for the construction of large buildings, formally treated as renovations of much smaller buildings or built inside courtyards.
The trend of the sector on the stock exchange
The real estate sector has lived a little moved week at European level, with the index Stoxx 600 Real Estate which rose by 0.3%, slightly overcoming the trend of the Stoxx Europe 600 (+0.1%).
A worst performance was scored by Italy, where the index FTSE ITALY All Share Real Estate He showed a 1% drop-down trend on a weekly basis, worse than that of the FTSE MIB index (-0.5%).
Real estate securities listed in Milan
Among the listed real estate companies in Piazza Affari, there was a week positive For Aedes (+2.5%). Little moved IGD. Negative Restore (-7.5%), Gabetti (-4.1%), inhabit in (-3.6%), Brioschi (-1.7%) and Next Re (-1.2%).
Among the corporate adsAedes approved the updating of the 2024-2028 industrial plan, with the management that has identified potential investment targets and for this reason it plans to find economic-financial resources, both debt and through equity.
Macroeconomic data
On the macroeconomic front, Istat communicated that in May 2025 the production in constructions It decreased by 1.4% compared to April. He then returns to decrease on an economic basis, while the balance of the last three months remains positive compared to the previous three months (+1.5%). In the tendential comparison, net of the calendar effects, in the month of May there was a growth (+3.9%), albeit in slowing down.
Sector studies
During the week interesting data arrived from a group report Gabetti on Corporate real estate investments. In the first half of 2025 5.1 billion euros of corporate investments were recorded in Italy, an increase of 44% compared to the same period of the previous year (just under 3.5 billion euros), thanks to the excellent performance recorded by the most consolidated asset class. The recovery trend detected by the second half of 2024 is therefore confirmed, which suggests a second part of 2025 positive. The best performances were recorded by the Hospitality and Retail sectors. The Hospitality sector records over 1.2 billion euros invested, with a growth of 63% compared to the same period of 2024, the best performance of the last 6 years, supported by medium-large closing of Dimensions in cities such as Milan, Rome and Venice, as well as increasingly coveted tourist resorts and in the sights of investors, such as the island of Capri and the banks of Lake Como. In the first part of 2025, the positive and recovery of the retail sector is highlighted, with invested volumes that touch 1.2 billion euros, + 144% compared to H1 2024. To contribute to this result, the acquisition of a portfolio in the Luxury Outlet compartment that affects about a third of the total transato, for a value of 350 million euros.
A report by the Group Study Office Tecnocasa Instead, he pointed out that the first three months of 2025 describe a chiaroscuro scenario for the business properties. It was the properties for commercial use that showed the most supported increase with +8.1%: in this moment of general uncertainty, the shop is seen as a good investment and there are many those who buy with two different purposes, that is, already income with gross annual yields of at least 9-10% gross annual or, as often happens in large cities, with the possibility of making the change of use in residential use. The offices whose exchanges have decreased by 5.9 %suffer. A slight decrease at national level, but in the ten large cities there is a contraction of 16.6%. Rome and Milan recorded an important decrease, respectively -40.2% and -34.0% but also came from a particularly lively previous quarter. The production sheds are stable quite stable. There have been no important variations, companies that have a patrimonial solidity try to buy the shed of which there is little offer and is often also old.
