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(Visited 71 times, 1 visits today)

1.5 billion invested in real estate in Milan

The city leads the growth of the sector, with operations for 4.9 billion in the last semester. Public institutions and privates working to repeat the performance

It’s clear that in Italy the investments in real estate are recovering, in Milan more than in other cities of the country. According to the figures from the leading company of the sector JLL, the investments in Italy were equal to 4.9 billion, 16% more than June 2016, which was already a good year. Milan confirms as the first target of these investments, with 1.5 billion registered since the beginning of the year.

In the second quarter of the year, in particular, the investments exceeded 3 billion, 67% compared to the previous quarter and increasing by 45% compared to the same period of last year. But the focus is on speeding up the growth in order to have the real estate leading the Italian economic recovery, perhaps taking advantage of Brexit to attract new international investors. With this objective in mind, it’s going to take place in Milan a meeting between institutions, administrations, and privates. The occasion is the event “Festa Metropolitana città di Milano”  which will end Sunday next week. The platform “C’e Milano da fare” is already launched and it’s the result of the commitment that both candidates to mayor, Giuseppe Sala and Stefano Parisi, took during the elections one year ago. To honour this commitment, Sala has started a city protocol subscribed by  Assimprendil Ance Milano, Lodi, Monza e Brianza, and Assoimmobiliare Milano, with the aim of having a constant debate among the mayor, the council members, and the offices and associations taking part in the project.

“Among the priorities there are favouring the investments, intervening on the abandoned areas, maintaining a dialogue between the public administrations and construction and real estate companies for the development of the city, as well as fair regulation like in other countries to attract investments”, states Paolo Crisafi, Assoimmobiliare General Director, who took part in the many meetings organized in these days as real estate and lobby expert. “C’e Milano da fare” could be repeated on a National level to fuel the dialogue between public administration and constructions and real estate industry, as well as the associated sectors”, he continues.

After all, the figures themselves tell that Milan is the example to follow, starting from the office segment, first target of the investors in the first semester, with 1.8 billion, representing 38% of the volumes. Of the 21 operations carried out, 14 were in Milan. “The city is perceived by the investors as the more open to adopting the procedural standard accepted worldwide”, declared yesterday the Minister of the Interior, Marco Minniti, who also took part in the meetings.

Source: Milano Finanza

Translator: Cristina Ambrosi

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