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hospitality Market News: Spanish Real Estate Intelligence

Aviva Investors: Coronavirus will block the growth of real estate in Italy
23 March, Il Sole 24 Ore Aviva Investors reports that it’s reasonable to expect fewer transactions in the upcoming months, although the impact that Coronavirus will have on real estate is not clear yet. Meanwhile, liquidity and credit risk must be carefully monitored. Shops are one of the most impacted sectors. The survival of retail will depend on Government support. Being strictly connected to tourism, hospitality is also likely to face challenges as the pandemic goes on. Logistics benefits from e-commerce. Although the sector might have been impacted by the disruption in the supply chain and the lack of global workforce, it’s also true that the market has reported a rise in online purchases during the quarantine. Concerning student housing, the occupancy rate will be under pressure for the 2020-2021 academic year since many international students might decide to not come to Italy to study. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
Cbre: Coronavirus will affect real estate only in the short term
17 March, Il Sole 24 Ore In its latest report, Cbre analyses the effect of coronavirus on the EMEA real estate market. According to Cbre, the impact will be only in the short-term, and, since investments tend to be slower in the first quarter, the market will have the chance to recoup later in the year, reducing the negative impact. While the office segment doesn’t seem to have been significantly affected so far, the pandemic might have severe consequences on the sectors which are strictly connected with tourism, such as hospitality and high-street retail. The possible closure of factories might impact logistics. On the other hand, the sector may benefit from the rise of e-commerce. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
Piedmont: the abandoned village of Ambornetti will become an eco-resort
06 March, Il Sole 24 Ore Ambornetti is a mountain village in the province of Cuneo which has been vacant for the last 70 years. It will now become a resort combining eco-sustainability and hospitality. The idea comes from the entrepreneur Carlo Ferraro, who operates in the technology sector through his companies Laserlam and Iris. The investments are assessed around 16 million euro. Source: Il Sole 24 Ore Translator: Cristina Ambrosi