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residential Assets News: Italian Real Estate Intelligence

Milan: 60 apartments sold in 40 minutes thanks to online bookings
04 August, Il Sole 24 Ore In Milan, about 60 apartments of the residential project GS Towers - Green Soul Living had been sold in 40 minutes thanks to the new technology developed by Tecma Solutions which allows buyers to pay the house deposit online by card. Green Stone is the developer of the GS Towers, which consist of 120 residential units in the Maciachini area. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Kervis aims at investing 600 mln € in real estate
28 July, Milano Finanza Kervis Asset Management reported assets under management for 500 million € at the end of June and aims at reaching 600 million € by focusing on offices and residential assets mainly in Milan. Kervis has recently got exclusive rights for two operations in Milan city centre to convert offices into residential units. Moreover, the company plans to market 100 residential units with an operation valued approximately 70 million € by the end of the year. Source: Milano Finanza Translator: Cristina Ambrosi
 
Residential transactions are expected to reach 100 bln € by the end of 2021
14 July, Il Sole 24 Ore Scenari Immobiliari reports a 12.3% growth of residential transactions nationwide and forecasts that the market will reach 100 billion € by the end of the year. Although house sales grew by 36.8% in the first quarter of 2021, prices haven’t increased yet, except for Milan and Rome. The residential market is expected to grow in the next three years, encouraged by the general optimism and the low interest rates on mortgages. Source: Il Sole 24 Ore Translator: Cristina Ambrosi