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residential Market News: Italian Real Estate Intelligence

Property auctions increased by 8.1% in 2021
12 January, Monitor Immobiliare AstaSy reported an 8.1% increase in property auctions in 2021 from the previous year, for a total value of over €18 billion and 126,083 properties. Most of the auctioned properties (88.96%) have a starting price below €250,000. Residential properties make up for 42.15% of the total auctioned properties, followed by land (11.51%), commercial properties (10.71%), other (8.49%), warehouses (7.31%), industrial assets (4.42%), constructions sites (1.07%), and hotels (0.47%). Source: Monitor Immobiliare Translator: Cristina Ambrosi
 
Hines launched new lot in MilanoSesto valued €1 bln
11 January, Monitor Immobiliare Together with Cale Street, Hines launched the construction of the new lot Unione 0 in MilanoSesto with an investment of €500 million. The lot, which covers 250,000 Sqm, will offer residences, including affordable housing, offices, hotels and student halls. The project is expected to generate a turnover of approximately €1 billion. Source: Monitor Immobiliare Translator: Cristina Ambrosi