(Visited 8 times, 1 visits today)
(Visited 25 times, 1 visits today)
(Visited 55 times, 1 visits today)
(Visited 12 times, 1 visits today)
(Visited 17 times, 1 visits today)
(Visited 42 times, 1 visits today)
(Visited 30 times, 1 visits today)
(Visited 16 times, 1 visits today)
(Visited 17 times, 1 visits today)
(Visited 46 times, 1 visits today)

residential Market News: Spanish Real Estate Intelligence

Istat: property prices register a growing trend as transactions decline
03 July, Istat Istat reports that the IPAB Index, which measures the prices of properties bought as main residence as well as investment, grew by 0.9% in Q1 of 2020 compared to the previous quarter and by 1.7% compared to the same period of 2019. Meanwhile, transactions sharply decreased (-15.5%) due to the measures adopted to contain Covid-19. However, this gap between increasing prices and declining sales did not have any relevant impact on the prices of residential properties since these were agreed before the pandemic started. Source: Istat Translator: Cristina Ambrosi
 
Scenari Immobiliari: rental market to decline until 2022 and then recover in 2024
23 June, Wall Street Italia In its latest outlook on the rental market trends in Milan and Rome, Scenari Immobiliari reports that the prices for office and residential rentals are expected to register a negative performance until 2022, for then recovering only in 2024. This trend will be less dramatic in the central areas, while prime properties both in Milan and Rome will return faster to the values before the pandemic. Source: Wall Street Italia Translator: Cristina Ambrosi
 
Nuveen Real Estate: three possible post-pandemic scenarios
09 June, Milano Finanza Covid-19 had a massive impact on the real estate market. In Italy, residential transactions declined by 15.5%, resulting in 4,000 transactions less in comparison with the same period of last year. Nuveen Real Estate estimates that the most impacted sectors in Europe will be offices and retail. Hopefully, the introduction of a European debt fund might mitigate the consequences of the pandemic. Nuveen presents three possible scenarios regarding the aftermath of Covid-19. The first one supposes a quick shock resulting in the increase of debt and modest growth of yields. In case of an extension of the lockdown up to the third quarter, the market will recover only in 2021. Finally, in the worst-case scenario, the decline in the demand and business activities, which go beyond the pandemic, might cause great financial instability, resulting in a recession lasting up to 2022. Source: Milano Finanza Translator: Cristina Ambrosi