Strongly negative week for the real estate sector on the stock market, with European and Italian stocks falling sharply, in the wake of the strong sales that affected global stock markets due to the conflict in the Middle East. The fear is that the clashes could last a long time, with an energy crisis that could impact inflation and the decisions of central banks, so much so that the money market now anticipates a single cut by the Fed for 2026 and sees the possibility that the ECB will be forced to increase the cost of money by the end of the year.
The performance of the sector on the stock exchange
The real estate sector experienced a negative week at a European level, with the Stoxx 600 Real Estate index recording a decline of 5.4%, almost in line with the -5.9% of the Stoxx Europe 600.
A worse performance was achieved by Italy, where the FTSE Italia All Share Real Estate index showed a decline of 8.8% on a weekly basis, the FTSE MIB index performed worse (-7.4%).
Real estate securities listed in Milan
Among the real estate companies listed on Piazza Affari, a positive week was recorded for Next Re (+2%). All the other companies in the sector were negative, with Risanamento at 10%, IGD at -8.3%, Brioschi at -8%, Gabetti at -6%, Aedes at -5% and Abitare In at -2.5%.
Among the corporate announcements, CPI Property Group, a vehicle headed by the Czech billionaire Radovan Vítek, has launched a voluntary public purchase offer (OPA) aimed at the delisting of Next Re, a historic real estate company listed on Piazza Affari in 1999 by Aedes and Sorgente. IGD, one of the main players in Italy in the retail real estate sector, has signed a contract for the sale of an asset, located in Turda, a city of approximately 50,000 inhabitants in Romania; the property is spread over three floors, is fully rented and hosts 9 tenants; the overall value of the sale is approximately 0.55 million euros, in line with the book value.
Market research
This week interesting data arrived from Gate-away.com, an Italian real estate portal dedicated to international users who want to buy a house in Italy. In 2025 the high-end real estate market in Italy confirms its solidity and shows signs of further evolution. The data collected highlights a significant growth in requests for properties over 3 million euros, an increase of 11.23% compared to 2024. The extra-luxury segment confirms itself as the true driving force of the international market, with an average value of properties sought equal to 6,690,391 euros, stable compared to last year. At the same time, the luxury range (between 1 and 3 million euros) maintains a dynamic but more selective trend, with an average value of 1,714,644 euros. Lake Como confirms itself as a global icon with 21.6% of requests (+70% y/y). Argentario rises to 10.04% of the total, while the Amalfi Coast, Chianti and the great northern lakes consolidate their positioning. The United States leads the demand with 29.1% of requests; the United Kingdom is also growing (+29.89%).
According to research by Immobiliare.it, the real estate market in Rome showed a positive trend in both the sales and rental sectors in 2025. In 12 months, the prices of houses for sale have grown by approximately 7%, and the rise in rents has been even more rapid, equal to +9%. To buy a house in Rome, at the end of last year it was necessary to budget for an average €3,646/m2 – given that it ranks fourth among the most expensive metropolitan markets behind Milan, Florence and Bologna – while to rent the average rents stood at €17.9/m2, the third most expensive city behind Milan and Florence, but ahead of Bologna. Looking to 2026, according to the study the increases will be more limited compared to 2025, with +3.3% for sales and +2.8% for rentals.
