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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

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