What has just ended was one Not very brilliant week for the real estate marketin the absence of great catalyst. On the interest of interest rates, which have an important weight on the trend of the sector, one emerged caution by the Federal Reserve US: central bankers want to see “further progress on inflation before making further adjustments to the target interval”, according to what emerged from the minutes of the last meeting. In Europe, Isabel Schnabelmember of the executive committee of the European Central Bank, instead declared in an interview with the Financial Times that “we are approaching the point where we could have to take a break or stop our cuts to interest 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 marked a -1.3% on a weekly basis, worse than the light upward trend of the Stoxx Europe 600.
A better performance was scored by Italy, where the index FTSE ITALY All Share Real Estate He showed an unchanged trend on a weekly basis, however under-performing the FTSE MIB index that closed the week with a rice of 1.3%.
Real estate securities listed in Milan
Among the real estate companies listed in Piazza Affari, there was anexcellent Positive week for Gabetti (+23%). Well Aedes (+6%), Brioschi (+5%), Next Re (+3%) and restoration (+1%) are also aedes. The worst Performance, however, are those of Libitarein (-7%), followed by IGD (-3%) and Aedes (-1.2%).
Ideas on the business have come from Real estate large retailerswhich signed a definitive contract for the sale of a shopping center included in the portfolio held in Romania to a Romanian private investor. In particular, the “Winmarkt Somes” shopping center located in Cluj (7,873 sq m of Gla and Key Tenants such as Carrefour, DM, Pepco and Dr. Max) is the subject of the sale, for a total value of approximately 8.3 million euros. The definition of this agreement represents the first concrete result of the “non-core” assets, aimed at reducing the group’s financial lever, provided for in the industrial plan 2025-2027.
Macroeconomic data
The construction market in the euro area It was weak at the end of 2024 of the production of 0.4%, against the +0.8% recorded the previous month. The average annual production in the construction sector for the year 2024, compared to 2023, decreased by 0.9% in the euro area and 1.3% in the EU.
On the other side of the ocean it emerged that in the last week the volume of mortgage loan questions dropped by 6.6% in United StatesDespite the rates on thirty -year mortgages, 6.93% from 6.95% previous, according to the Mortgage Bankers Associations (MBA) data. In addition, negative data arrived in January for the New construction sites In the United States: according to the US trademark department, the new construction sites started recorded a drop of 9.8%, reaching 1.366 million units, after the 16.1% increase recorded in December 2024 and compared to 1.390 million wings expected by analysts. Finally, the confidence of the real estate sector US in February, as summarized by the Nahb index: the data stood at 42 points, compared to the 47 points of the previous month, and was worse than the consensus which estimated a drop at 46 points.
Sector studies
During the week interesting data arrived on real estate sales in Italy. The Tecnocasa Study Office analyzed the data issued by the Revenue Agency on First nine months of 2024. In Italy they were purchase of 502.301 houses, with a decrease of 1.1% compared to the same period last year. However, if you look at the third quarter of 2024, the situation appears to be improved with an increase of 2.7% of the buying and selling at national level. In the two temporal horizons examined, the non -capital realities have gone better than those capital. It therefore slows down the descent of the Italian real estate market, thanks to the reduction of the interest rates that has restored momentum to the question, as evidenced by the fact that in the third quarter of 2024 the purchasers financed with a mortgage increased, equal to 44.1% of the total. In the first nine months of the year, among the large Italian cities, the drops in Milan (-8.5%) and Verona (-7.3%) stand out. The only two cities that report a recovery of the sale are Genoa (+1.5%) and Palermo (+0.4%).
Italian properties continued to attract buyers from all over the world also in 2024, based on the data of the annual report processed by the Italian real estate portal for foreign Gate-Way.com, with the country confirmed One of the favorite destinations for those looking for a new home abroaddriven by the desire to improve one’s quality of life. The United States is confirmed firmly in first place in the ranking of the most active nationalities, with 29.92% of total requests. The United Kingdom follow in second place, with 9.78%, a result that allows British citizens, despite the difficulties related to Brexit, to overcome Germany. The latter descends to third place, recording an annual negative performance of -21%, equal to 9.58% of the overall requests.
