What has just ended was one positive week for the real estate sector on the stock exchangewith the sectoral indices that have overflowed the market in general. This happened despite the probability of a new cut of the rates by the ECB on the occasion of the monetary policy council of 24 July has even more lowered, while a reduction from a quarter of stitch is fully priced only for the end of the year by the market. He had clearly emerged in the tones of Christine Lagarde’s last press conference and in various interventions by individual councilors The idea of a “pause” in the path of monetary training which led Frankfurt to reduce the cost of the money of two percentage points in just over a year, and was also confirmed by the declarations that emerged this week at the Forum of the central bankers in Sintra (Portugal).
The trend of the sector on the stock exchange
The real estate sector has experienced a negative European level week, with the index Stoxx 600 Real Estate which fell by 1.6%, sub-performing the trend of the Stoxx Europe 600 (-0.6%).
A better performance was scored by Italy, where the index FTSE ITALY All Share Real Estate He showed an increase of 2.3% on a weekly basis, in this case better than the FTSE MIB index, which closed the week with a 0.5% rise.
Real estate securities listed in Milan
Among the listed real estate companies in Piazza Affari, there was a week positive For remediation (+11.6), Next Re (+6.9%), Aedes (+5.9%), PGD (+2.4%). Little moved Gabetti and Brioschi. Negative Live in (-4.4%).
Among the corporate communicationsRestore has communicated that the consolidated net financial position is positive on 31 May 2025 for 37 million euros, against 9.7 million euros of the previous month. The sensitive improvement is mainly attributable to the sale – which took place on 22 May 2025 by the company of the RE RENTAL group – of the property located in Milan via Grosio, for which 24.8 million euros were collected during the month of May (equal to about 95% of the agreed price).
Macroeconomic data
On the macroeconomic front, most of the indications arrived in the United States, where the Mutual questions They increased by 2.7% in the last week, according to the Mortgage Bankers Associations data (MBA), thanks to the fact that the rates on thirty -year mortgages dropped to 6.79% from 6.88% previous. In addition, they went down slightly more than the expectations the Expenditure for constructionalways in the USA, in May 2025; The data, communicated by the American trade department, stands at 2,138.2 billion dollars, recording a drop of 0.3% on a monthly basis, compared to -0.2% of analysts’ estimates.
In Eurozone, the composite indicator of the cost of money for i New loans to businesses It has decreased by 15 basis in May, reaching 3.65%, according to the usual survey of the European Central Bank (ECB). The indicator for the new ones Loans to families for the purchase of homes It remained substantially unchanged to 3.30%.
Sector studies
During the week interesting data arrived from the Studies of the Tecnocasa Group Sul Time when a property is sold in Italy. The sales times in large cities, in January 2025, are 109 days, a data similar to that recorded a year before (108 days). Once again Bologna and Milan are confirmed by the fastest cities, respectively with 79 and 83 days, an increase of 11 days compared to a year ago. The longer times are reported in Genoa, 142 days, this is confirmed as the city where more time takes to sell a house, followed by Palermo with 128 days. In the realities of the metropolis hinterland there are 142 days against 137 days of a year ago. The shorter sales times are reported in the Hinterland of Florence (117 days), which improves 3 days thanks above all to the towing of the holiday home market. Following are Verona with 125 days and Bologna with 126 days. In the provincial capitals, those who decide to sell the house must take into account on average 132 days, a figure slightly increased compared to a year ago when 131 days were needed. In general, there is an increase in sales times that would confirm greater prudence by potential buyers, especially for certain real estate types.
