Duff & Phelps REAG Italian Market Study illustrates macroeconomic trends and give a real estate market overview during the first half of 2018, identifying the main key drivers for the coming months.
- Macroeconomic Overview: In the first six months of the year, Italy recorded a positive but still too weak growth to generate benefits. The implementation of targeted structural reforms will be one of the decisive factors to stimulate the country's growth.
- Investments in the Italian Real Estate Market: Considering the extraordinary results of 2017, the first six months of 2018 have registered a reduction in transaction volumes. The decrease has been recorded in almost all asset classes, particularly in investments in office space. Milan and Rome remain the protagonists of the market, but both cities have registered a slight decline in volumes in favor of some other Italian locations.
- Forecast and Key Drivers – H2 2018: Investors are waiting for the placing on the market of value add opportunities, new developments and/or refurbishments; indicatively, investors’ choices will be addressed to the diversification of real estate portfolios and with "alternative" asset classes; diffusion of artificial intelligence will be a growing interest in the real estate world.