04 November, Il Sole 24 Ore
Dla Piper forecasts that real estate investments in Italy will likely reach 10 billion euro by the end of the year, outperforming 2018 (8.5 billion).
Milan continues leading the market, followed by Rome, Venice and Florence. Offices are the main asset class, together with hospitality, which represents 32% of the total investments (+10% from 2018). Retail and logistics respectively account for 23% and 6% of the investments.
NPLs will still offer investment opportunities, although bad loans have reduced now to 1.8% of the total credits. Nevertheless, the market is still reporting large NPL operations, mainly with the State guarantee, with Prelios leading the segment. Operations on the secondary market are an emerging trend, having gone from 2% of the total NPL transactions in 2018 to 30% in 2019.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi