Positive week for the real estate sector on the markets, with theattention paid to central banksAlthough signals have not arrived for a strong conviction to continue to lower the cost of money, which has an effect on the progress of the real estate market. There ECB cut its key interest rates of 25 basis points in a unanimous decision, as widely expected; Despite numerous attempts by journalists, there were no answers from President Christine Lagarde on the final destination of this cycle of cuts. The decision was made following the data showing that the euro area was raised in the fourth quarter of 2024, with the French and German economies in contraction that still weighed. The meeting of the Fed It was even more without events compared to Frankfurt: he maintained unchanged rates and President Jerome Powell has sent a balanced message to the markets, while avoiding political issues concerning the Trump administration; He observed that the monetary policy committee is in a hurry to change its position.
The trend of the sector on the stock exchange
The real estate sector has experienced a positive week at European level, with the index Stoxx 600 Real Estate which marked a +3.9% on a weekly basis, better than +1.9% of the Stoxx Europe 600.
A brighter performance was scored by Italy, where the index FTSE ITALY All Share Real Estate He showed a 13% leap on a weekly basis, overcoming the FTSE MIB index that closed the week with a rice of 1.1%.
Real estate securities listed in Milan
Among the real estate companies listed in Piazza Affari, there was anExcellent week positive for IGD (+16%). Also good rehabilitation (+8.7%) and dwell (+3.4%). Unchanged dotstay and Next Re. Le worst Performance, however, are those of Gabetti (-1.7%), followed by Brioschi (-1.5%) and Aedes (-1.2%).
Ideas on the business have come from Gabetti Property Solutionswith New appointments Following the resignation of Roberto Busso communicate last week. Fabrizio Prete, president and CEO of the group, also takes on the presidency of Gabetti Franchising Agency. At the same time Marco Speretta, after the appointment as CEO of the group, takes on the delegations in the companies of the “Agency and Corporate Services” division, and has therefore been appointed president of Abaco Team and Abaco Engineering, CEO of Patrigest, president of Ruralset e Delegated Councilor of Gabetti Agency.
Macroeconomic data
Down the Mutual questions in United States: in the week to 24 January, the index that measures the volume of mortgage loan applications records a 2%decrease, with rates on thirty -year mortgages remained stable at 7.02%, according to the Mortgage Bankers Associations data (MBA ). Always in the United States, they decreased (5.5% on the month) by surprise the buying and selling of homes In December, according to the Association of Real Estate Operators (Nar), while the S&P Case-Shiller index indicated growing prices in the US immobiliary in November.
Moving to Europe, i House prices In the United Kingdom They increased again in January 2025, according to the Nationwide report. In particular, houses prices increased by 0.1% in monthly terms, after an increase of 0.7% in December 2024. The annual variation is +4.1%, after +4.7% previous.
Sector studies
During the week interesting data arrived on the European residential real estate sector. In particular, S&P Global Rings He revised his predictions on the trend of the prices of homes, which should grow on average almost 3% per year in the view of the rating agency. S&P provides that the loosening of monetary policies will mitigate the risk of increasing mortgage rates, despite recent increases in long -term returns in Europe.
According to a search for idealistThe Italian real estate market It continues to offer interesting yields for investors. The residential sector remains on high levels, with an average return of 9.3%, increasing compared to 8.8% of last year (stable compared to 3 months ago). According to the study, which connects the sales and rental prices of various types of properties to calculate gross profitability, commercial premises (shops) confirm the most profitable real estate investment in Italy, with a gross profitability of 12% , stable than a year ago. The offices follow, which mark an increase of 0.7% reaching 10.3%. The garages are also growing, which go from 7.6% to 8.2%, while remaining the less profitable category for investors.