News / From the associates

According to the analysis compiled in the 13th edition of the Real Estate DATA HUB, the Italian real estate market closed out 2025 with particularly positive results, despite an international landscape that remains complex. This data fits into a European context that is gradually normalizing, with investments growing by 10% to approximately 215 billion euros, though still influenced by international tensions and evolving trade policies.

In Italy, the residential sector benefited from improved access to credit, lower interest rates, and sustained demand, particularly from younger segments of the population. Housing prices rose by more than 3.5% compared to the previous year, and there was increased focus on energy-efficient and high-quality properties. On the housing front, the report also highlights the growing difficulty of accessing housing in major urban areas, the expansion of the rental market, and the increasingly significant role of innovative models such as Build to Rent, student housing, and senior living, which are designed to address ongoing demographic and social changes.

Investments in commercial real estate reached approximately €13 billion, up 30% from 2024. Among the most dynamic asset classes, retail, logistics, and hospitality stand out. Retail has become the leading asset class by investment volume, reaching €3.8 billion (+46% compared to 2024), driven in particular by retail parks, out-of-town assets, and prime high streets in Milan and Rome. Logistics recorded investments of approximately €2 billion (+30%), with a take-up of 2.3 million square meters and a return of large transactions exceeding 50,000 square meters, while hospitality attracted €2.3 billion in investments, supported by growth in international tourism and strategies for the redevelopment and repositioning of existing assets. The office market also showed signs of consolidation, with demand concentrated on prime, sustainable, and well-connected properties, while the progressive divergence between high-quality assets and obsolete stock continues. The report also includes an in-depth analysis of data centers, highlighting Milan’s growing role as a digital infrastructure hub and the increasing importance of energy availability for the sector’s development.

The report also includes specific regional analyses dedicated to Lombardy and Milan, Lazio and Rome, Emilia-Romagna and Bologna, and Campania and Naples, offering a detailed overview of the main local dynamics of the Italian real estate market.