Portugal 
Spain 
Greece 
New possible scenarios for real estate in Italy
16 April, Il Sole 24 Ore
Two months of nearly total inactivity due to Coronavirus will mean for real estate losses for 20 billion euro over the forecasted 132 billion and a contraction of the transaction volumes between 10% and 20%, estimates Scenari Immobiliari. However, there is still too much uncertainty to have a more precise outlook concerning the economy and occupation.
Retail will be the most impacted sector, due to the rise of e-commerce, along with hotels and short-term rentals. There might be radical changes for the office segment, given the emerging trend of smart working.
Nomisma seems less optimistic, as an economic downturn seems unavoidable. Real estate transactions will likely be down by 110 thousand units compared to the 603 thousand reported in 2019.
Colliers stresses how 70% of the market consists of foreign capitals, which are now gone. On the other hand, sectors like hospitality and retail will resume fast, with Milan leading the recovery of the country.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi