The first half of the year has been quite an eventful period for the world, with some countries ending up in domestic political turmoil, such as UK and Italy. Indeed, in July Italy experienced the collapse of Prime Minister Mario Draghi's national unity government leading the President Mattarella to dissolve the chambers and call new elections for September 25th. Combined with that, the war in Ukraine, the geopolitical turmoil, the energy crises, rising inflation and tightening policy from central banks have all resulted in warns of recession for the global economy. For real estate it means that the low-rate environment is a memory of the past and investors and banks are preparing to face a not-negative interest rate scenario for the upcoming months.

But it will be a story for the next part of the year, while first half ended posting positive outcomes, both for the economy and the property sectors.

Cushman & Wakefield MarketBeat reports analyse quarterly Italy commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.

A regular update on the commercial real estate market in Italy.

2021 ended marking an unprecedented growth for the Italian economy, surpassing +6% increase in GDP. The fast-recovering economy, high level of Covid vaccination rate (among the highest in Europe) combined with Mario Draghi’s reliability earned us this unprecedented recognition.

"This is the time to invest in Italy” - Jamie Dimon, Chairman and CEO J. P. Morgan. This sentence summarizes the momentum Italy is facing at mid-21: confidence is back, there is money to deploy for the structural reforms we need to fully recover and there’s still huge volumes of capital for real estate.

The beginning of 2021 marked the same trend recorded at the end of 2020 for real estate sector in Italy, highlighting a 33% drop in investments compared to the same period of the previous year.

The resurgence of coronavirus cases in October led to a slowdown in the economic activity at the end of 2020 leading to a decrease in GDP in the fourth quarter, partially offsetting the sharp increase experienced in the third quarter. 

The Industrial & Logistics division, that also specializes in the Data Center market, has taken part in the event, “Real estate investments through Data Center: the impact of digital transformation on real estate asset classes” organized by AGIDI, or the Italian Association of Real Estate Legal Experts.

Covid-19 Information and analysis on what is happening in the real estate markets in Italy.