What has just ended was one Strongly negative week for the real estate sectordespite the European Central Bank has continued to cut interest rates. The ECB has in fact lowered its reference rates of 25 basis points, bringing the deposit rate to 2.5%, and has changed its message stating that “monetary policy is becoming” significantly less restrictive “. At the same time, the proposal of the next German executive to relaunch public spending for infrastructure and defense by changing the constitutional rule on the so -called “debt brake” has caught the completely counterattack markets; added to the commitments of the European Union for the increase in defense expenses, has made the state government bondswhich have earned over 40 basis points in the last week.
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 -7% on a weekly basis, worse than the light discount of the Stoxx Europe 600 (-0.8%).
An even worse performance was scored by Italy, where the index FTSE ITALY All Share Real Estate He showed a 9% decrease on a weekly basis, under-performing the FTSE MIB index that closed the week that is not very rough.
Real estate securities listed in Milan
Among the real estate companies listed in Piazza Affari, there was one week to forget For Libinarein (-33%). Bad IGD (-11%), Gabetti (-4%), Brioschi (-3%), Aedes (-2%) and Next Re (-2%) are also. Restore is saved, up 2%.
Among corporate communications, Inhabitein He said he has confidence in the action of the magistrates and intends to cooperate after learning about theSurvey for corruption towards the company, of his legal representative and an employee, saying certain of his extraneousness to the disputed facts. The investigation is linked to the one that led to the arrest under house arrest against Giovanni Oggioni, architect former vice president of the commission for the landscape of the Municipality of Milan from 2021 and previously manager of the single desk for the building (his) of Milan, for crimes of corruption, false and sidetracking.
IGD communicated that the recurring net profit (FFO) of 2024 It was equal to 35.6 million euros, in the decrease of -35.7% compared to 2023, as a result of the major financial charges and the transfer perfected in April, but also announced the return to the dividend with a coupon of 0.10 euros per share. “We do not intend, however, to sit on the laurels and we will continue to work to further reduce the cost of the debt, carefully evaluating the best opportunities that will present themselves,” said the Ad Roberto Zoia.
Macroeconomic data
Istat made known Friday that in the second quarter 2024 there were 245,565 Notary conventions for sale in Italy and the other conventions relating to translation deeds on an onerous for real estate units. The percentage variation calculated on the decreased data is +0.2% compared to the previous quarter, while the variation on an annual base calculated on the rough data is +4.2%. 93.7% of the conventions stipulated concern the transfers owned by residential properties (230,180), 5.9% those for economic use (14,433) and 0.4% those for special use and multipropriety (952). Compared to the second quarter of 2023, real estate transactions increase by 3.9% in the living sector and increase by 7.9% in the economy.
Always Friday, Halifax has communicated that i houses of houses in the United Kingdom They dropped by 0.1% to February 2025 (compared to +0.6% in January and +0.5% expected by analysts). The average price of the properties is now 298,602 pounds (compared to 298,815 pounds of the previous month). Annual growth remains at +2.9%, unchanged compared to January, against expected for +3.1%.
During the week it also emerged that the Mutual questions in the United States The volume of mortgage loan applications recorded an increase of 20.4%, after the decrease of 1.2% of the previous week, have been growing rapidly in the last week: in the week to 28 February 2025. This was announced by the Mortgage Bankers Associations (MBA), indicating that the rates on thirty -year mortgages dropped to 6.73% from 6.88% previous.
Sector studies
During the week interesting data arrived from Fimaa – Italian Federation of Business Agents Mediators: in the third quarter 2024 for the real estate agents interviewed the housing sale market It is characterized by a stabilization of the number of exchanges, the application for purchase and purchase prices. The offer is perceived in reduction for 50% of the judgments collected. In the first quarter of 2025 there is an increase in the number of exchanges (69.3% of judgments) with average stable sales prices (76.5% share). The orientation of operators on the market in the next 4 months provides for a general rise in prices and the number of sale and selling for 18.3 and 8.8% of the interpellations respectively. Among the factors that could push the sales, especially the slowdown of interest rates on mortgages (56.9%, was 52.3%in the previous quarter), but also the opportunities to invest in short leases (18.3%).
A study of Immobiliare.it Instead, he showed that, when we talk about rent, Rome turns out to be the city where the real estate research of Italians; It is Milan, however, the one that converts most, or where the simple research on the portal turns into effective contact with the agency. An opposite situation compared to 2019, when the Milanese capital commanded the ranking in front of the capital. Turin is placed on the third step of the podium, which confirms the result of 6 years ago. The city of the Mole precedes Naples, fourth and growing in a square compared to the pre-Pandemia, and Bologna, fifth. In sixth place is Genoa, in front of Florence, seventh. In eighth position there is another city in Southern Italy, or Palermo, while the top 10 of the cities most searched for the rent end two well -known Venetian locations, that is to say Verona, ninth, and Padua, tenth.
