One closes one negative week For the titles of the real estate sector, listed in Piazza Affari and in Europe, with the new threats on the duties by the American president Donald Trump who have returned to frighten investors. The tycoon spoke of sending letters to commercial partners who have not yet reached an agreement with the United States on Commercial ratesthus dampening the enthusiasm for the agreement just reached between the United States and China.
The focus of investors still remains concentrated on central banks that move rates with effects on the real estate sector, in particular on the Federal Reserveafter the data onAmerican inflationresulting under the expectations.
Geopolitical tensions, with the rekindle of the Tensions in the Middle Eastafter Israel’s attack on Iran, they fueled generalized sales on the price lists overwhelming Alche Real Estate.
USA: Inflation under expected, but Fed remains prudent
U.S. consumer prices were found lower than expectations reopening the door to possible cuts in interest rates by the American central bank. However, the insiders believe that, at least for the moment, the Federal Reserve will maintain a prudent attitudegiven the continuous uncertainty in terms of economic policies. “In the short term there are currently the conditions for proceeding with a change in the monetary strategies by the Fed”, explains Filippo Diodovich, Senior Market Strategist of IG Italia, considering “highly probable” that the Fed reserves to “decide over the next months the direction of monetary policy “. As for rates, the expert explains that no cut is expected at least until September.
Among other macroeconomic data, the Mortgage requests in the United States they recorded a significant 12.5% increase in the last week, interrupting a series of three consecutive drops, according to the data released by Mortgage Bankers Association. The questions for the refinancing of mortgages, which are particularly sensitive to the weekly variations of the rates, saw a surge of 15.6% compared to the previous week.
The trend of the sector on the stock exchange
The real estate sector on the Milanese square has experienced a more than negative week: The FTSE ITALIA ALL SHARE REAL ESTE INDEX Bring home a descent of almost 3%. Same performance of the sector, at European level, with The Stoxx 600 Real Estate index down over 1%.
Real estate securities listed in Milan
Among the real estate companies listed in Piazza Affari, Gabetti It is the best title and brings home a gain of over 6 percentage points. Well, moreover, Next Re (+3.3%), e Live in (+0.6%) which closed the first semester on March 31, 2025 with increasing consolidated revenues. On the side of the falls, IGD slips by 4%, Aedes scores a drop of 1.9%. Rehabilitation drops by 0.9% e Brioschi of 0.4%.
Sector studies
In the month of April In Italy there has been a new signal of arrest of the dynamics of Reduction of rates on new mortgages to families for the purchase of the house. According to the last detection made by Bank of Italy (Banks and money: national series) The global effective annual rate on new loans to families for the purchase of homes resulted in 3.6652%, compared to 3.54% to which it had fallen in March. This item had already marked a marginal ascent in February, to 3.5775% from 3.5049%, while the removal of reference rates from the ECB seemed to approach more and more to a conclusion.
Kìron Partnercredit mediation company of Tecnocasa groupanalyzed the Bank of Italy data relating to the stock of Mortgages in place granted to Italian families for the purchase of the home. By tracing the historical trend it emerged that in the fourth quarter 2024 there was a slight increase in texturescontinuing the positive trend that started in the previous quarter (+0.1%). The trend on an annual basis of the active stock of mortgages to the family for the purchase of the house ( +0.8% IV Trim 2024 on IV Trim 2023), slightly better, instead the deviation compared to the third quarter 2024 which stands at +0.94%, is growing.
The “credit relationship” of ExperianGlobal Data Tech Company, showed that the Italian credit market, in May, resumed substantial momentum. In fact, there is one significant growth of requests for mortgages, Digital loans and productsboth with respect to the previous month and in comparison last year. The demand for mortgages shows a decidedly positive trend, with an increase in requests of +4.5% compared to April and +37.4% on an annual basis, despite the slight increase in interest rates applied compared to February, which are expected to 3.96%. Southern Italy stands out for the greater concentration of mortgage requests compared to the other areas of the country; Naples is a clear example, with a significant growth of 73.3% compared to the previous year and 15.5% in the last month.
