Italy | INVESTMENT 2018 Q2

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The 2017 results had sparked hope, or rather createci the illusion, that the ltalian real estate market was more active, approaching the levels of other more mature European markets. In actuality, the volume in the first half of the year, at € 2.9billion, brought the market to levels 45% lower than 2017 but in line with the average for the same period in 2013-2016.
Three aspects are worthy of mention. First, the lack of product continues to be felt, and any value-added transactions that are closed require a greater amount of time for assessment and negotiation. Secondly, the market recovery of past years has driven the expectations of sellers to price levels that in certain cases make it difficult, if not impossible, to finalise the transaction. Lastly, the politica[ uncertainty (ltalian and European in generai) but above ali the financial uncertainty linked to what will happen after the end of Quantitative Easing (QE) is beginning to be felt.
Overall, the various sectors recorded decreases in the volume invested, especially hotel (-70%) and office (-64%). These two asset classes are those in which the lack of product is beginning to have the greatest impact, particularly since investors are increasingly interested in value-added transactions that require more time to complete.


COLLIERS  INVESTIMENTI ITALIA 2018 Q2 UK

Italy | INVESTMENT 2018 Q2

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