JLL. Italian Residential Snapshot

JLL. Italian Residential Snapshot

Italian Residential Snapshot | H1 2023

The Italian Residential Market Performance in 2023 first semester

Key takeaways:
  • The Italian economy is expected to grow by 0.8% in 2023
    In Q2 2023 the Italian economy posted a GDP decrease of  -0.4% QoQ while increased by 0.4% YoY. Looking ahead, latest market projections indicate an average GDP growth of +0.8% in 2023. The impact of high inflation and interest rates persists, but there are a few signals of improvement.
  • Italy housing Market affected by the increasing mortgage cost
    After the record performance in 2022 – the highest reading since 2011 – residential sales (NNT) decreased by 12% in H1 2023, as a consequence of the full extent of the interest rate hiking cycle fully priced into mortgage costs. Despite this, Italian residential market fundamentals are confirmed
  • Living is largest real estate investment class in Europe 
    Living accounted for 32% of direct real estate investment across Europe in Q2 2023; multi-housing (multifamily and student) was the largest for the first time on record making up 27% of the total.
    In Italy, Residential it’s an emerging asset class with increasing share among other sectors, with significant investors’ appetite for the Build-to-Rent and Built-to-Sell sector.


Scarica il report

Add a Comment

Your email address will not be published. Required fields are marked *