05 November, Monitor Immobiliare
Officine Mak is about to start the residential project named La Sciresina in Giussano (Brianza), consisting of 28 upscale detached houses and 45,000 Sqm green areas. Abitare Agency has been appointed for selling the properties. The works will start in January 2022 and will last approximately 18 months.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
11 October, La Stampa
With an investment of 30 million euro, Reale Immobili created a portfolio of luxury homes located in Milan, Rome and Turin. The Prestige Collection is characterised by iconic buildings in the heart of the city, combining exclusive houses featuring innovative design and technologies with sustainability. The company aims at obtaining gross returns above 4%.
Source: La Stampa
Translator: Cristina Ambrosi
01 October, Libero
Nomisma reported that transactions for luxury homes amounted to 24,500, having increased by 3.4% on yearly basis. The most sought-after area is the old city, with prices in Brera and Quadrilatero reaching 18 thousand euro/Sq m. Following the global trend, buyers focus on small apartments (smaller than 50 Sq m), which reported a 13% increase.
Source: Libero
Translator: Cristina Ambrosi
30 September, Il Sole 24 Ore
Despite the property market has slowed down nationwide (+3.9% in Q2 compared to +8.8% in Q1), the luxury residential segment is still performing well. According to the latest report by Engel & Völkers in collaboration with Nomisma, house prices in Milan can reach up to 18 thousand Sq m/euro and 12 thousand Sq m/euro in Rome.
Milan, given a possible rise in prices and thanks to the favourable rates, has registered an 8.5% increase in transactions this year. The favourite areas are the old town and properties near universities, hospitals and company headquarters, with a focus on short-term lets.
Despite the real estate market still struggling in Rome, the demand increased for small and medium properties in the old town, recording a 6.9% growth in the first half of 2019.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi
26 February, Corriere della Sera
Engel & Völkers is looking at Italy. The German company is looking for professionals, new cities, and, more importantly, new homes. To sell and to buy. Because “Italy is the most beautiful country in the world”. The real estate company from Hamburg with 40 years of activity, present in over 30 countries and staffing 11 thousand people around the world, bets on Italy for 2019. 2018 saw a double-digit growth. The net returns of the German company increased by 33% from 2017, having gone from 18.8 million to 25 million euro. The residential division which also includes the direct activity in the Metropolitan Market Center in Rome (31 thousand transactions in the Capital in 2018) grew by 22% with 31.8 million euro (they were 26.1 million in 2017), while they reached 728 million globally (from 667.8 in 2017).
Alberto Cogliati, Engel & Völkers commercial director for Italy, commented: “The results are not that obvious. We operate in a niche market, which is luxury homes. In the past few years, buyers have been mostly foreigners. 100% of the buyers in Porto Cervo were foreigners. In 2018, Italians returned buying luxury properties”, from the lakes of Lombardy to Tuscany, Sardinia, Milan and Rome. On the Garda Lake, for instance, “we’ve gone from 90% of foreigners in 2016-2017 to 75%, while 25% were Italians”. Even better on the Como Lake: “In Cernobbio, 75-80% of the buyers were foreigners. In 2018, 50% were Italians”. We’re talking about luxury homes in prime areas, as Cogliati explains:” We’re the leaders for this niche, holding 10% of the market”. This market, despite the recession, “never known a crisis”.
Foreigners are the main target. Cogliati says: “They’re our core clients. They love Italy: its climate, its arts, its food”. As a result, British, Germans, Dutch, French, Belgians and Americans continue dreaming about a house on the lake in Lombardy o in Argentario, in Siena, or Venice, or Rome. For what concerns 2019, Cogliati is positive: “we aim at increasing sales by 20% and expand further in Italy”. Engel & Völkers will hire about 130 people for its new offices.
Source: Corriere della Sera
Translator: Cristina Ambrosi
Portugal 
Spain 
Greece 
