Nomisma: “A positive change in the market. The demand for investments in houses is growing”

12 July, La Stampa

I wish but I can’t. It’s the situation of 2.6 Italian families which would like to own a house, according to the Real Estate Market Observatory by Nomisma. It’s clear that the lack of financial means, worsened by the economic recession, depleted the population, as well as being an obstacle to the economic growth. Nomisma, however, has reported a sharp recovery of the quota of investments in properties, having gone from 6.1% in 2017 to 15.4% in 2018. The research comments: “it’s an unmistakable sign of the better conditions of Italian real estate”.

The demand for rents has also grown, due to the many people forced to rent because they can’t afford to buy. Nomisma also notes that “the limited and often inadequate offer” is an obstacle for the rental market.

Return to transactions, 2.2 families in 2017 and 2.6 million in 2018 “expressed their intention to buy”, including 722 thousand people that are actively looking for a house (2.8%). Other 1.9 million intend to buy soon (7.4%). The majority of people looking for a property are singles aged between 45 and 54 years, permanently employed and with an average monthly salary between 1,200 and 1,800 euro a month, highly educated and already owners of a house.

Finally, the demand for offices and shops, both to buy or to rent, continues to reduce, although the analysts expect a countertrend at least for rentals.

Source: La Stampa

Translator: Cristina Ambrosi

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