Milan,
17
March
2017
|
09:37
Europe/Amsterdam

ITALIAN PROPERTY SECTOR: WHAT’S NEXT IN 2017?

After a record year, with an investment volume of 9.1 billion Euro, 2017 promises to be another good year for the Italian real estate market. In the new Italy - Real Estate Market Outlook 2017, CBRE analyzed the property sectors in 2016 pointing out the major future trends.

• 2017 will again be a year of slow growth, below 1% and the general environment will be dominated by the political uncertainty. Despite that employment, consumption and household confidence are expected to improve in 2017 albeit at a slow rate.

• Plenty of capital availability and the premium still paid for real estate will continue to foster investment in 2017.

• Demand for office space in Milan and Rome will continue to be high in 2017 but development activity is still limited; refurbishment in key locations is increasing, which is contributing to the rise in the offer of grade A properties.

• In 2017 strong interest by international retailers is being confirmed with new entries into the Italian market.

• Strong interest by logistics operators engaged in restructuring their supply chains.

• Investment activity in the Italian hotel sector continued to grow in 2016 and the forecasts for 2017 continue to be positive.

• Demand for investments in alternative sectors is growing in 2017, with both core and core plus investors continuing to seek opportunities in these non-traditional sectors.

• 2017 could be the turning point for the Italian NPLs market, with further growth in volumes and the market becoming consolidated and mature.

To download the report click here.

Contact
photo:Roberta Cattaneo
Roberta Cattaneo
Corporate Communications & Digital Marketing
+39 02 303 777 40
photo:Giorgia Pretato
Giorgia Pretato
Head of Marketing
+39 02 303 777 73
Share this release
Share on: Twitter
Share on: Facebook
Share on: LinkedIn
Latest news