INVESTING IN THE ITALIAN REAL ESTATE MARKET
The Italian real estate market has suffered a sharp slowdown due to the covid 19 epidemic with a contraction of transactions that according to statistical data of the Revenue Agency have reduced in the year 2020 13. 9% compared to the previous year.
The decree relaunch 2020 has given important signals to the market, with tax deductions for specific interventions, while the progressive exit from the pandemic will benefit new housing needs that already from Phase 2 have made their appearance. But what will be in detail the forecasts of the housing market for 2021?
According to Istat's Ipab index, from the first quarter of 2021 the brick market will record consecutive increases of up to 12%, thanks to the remodeling of real estate demand started by the end of the lockdown and also driven by the fiscal incentives of the relaunch decree.
According to the outlook 2021 Building Resilience in global real Estate Portfolios by Savills Investment Management, there is a climate of cautious optimism, with 45% of European real estate investors expecting a recovery within the year, and only 5% of them fearing the prolongation of the market crisis.
This outlook covers the various sectors related to the property:
· Offices: in spite of the difficulties of the situation, and the increasing digitalization of the work, the presence in the office will still be a crucial element of productive activities, creativity and corporate cultures; the office will be an added value and support to the various policies of smart working
· Logistics: the sector chosen by 55% of investors in the outlook since highly diversified, because of the growth of transactions in the digital logistics has acquired a central role that does not tend to decline; the logistics centre will be a competitive advantage of the companies, which hold
· Trade: among the sectors that suffered the greatest impact from the Coronavirus, the retailer has seen many of its exponents forced to change their business strategy between transfer and storage resources, a decision that led them to acquire resilience; if discourages investors to the current situation, the other encourages the creation of chains and business groups
· Residential and hospitality: choices from private investors with the aim of creating rents in time, houses and accommodations to capture the interest, not so much for their returns, but for their stability on the market, since both asset among the most secure and balanced, as are capable of reconciling any loss in time