Survey: the Italian real estate keeps on improving
The evolution of the Fiups Index (real estate operators sentiment) from 01/2012 to 08/2015 The Fiups is an acronym for Federimmobiliare, University of Parma and Source Group and is a graphical representation of sentiment. The index is produced by Sorgente Group. The Sentiment is a survey from a qualitative group, aimed at identifying the expectations expressed by the various sectors of the real estate in the 12 months to follow. It’s a projection of market sentiment in its main actors, a panel of around 200 operators in the real estate market, an evaluation that seeks to measure the expectations of real estate, on a quarterly basis. The answers provided in 14 major questions that comprise the estate Sentiment questionnaire, are the basis for the calculation. The operators respondents of the survey belong to the following main areas: trade, development, property, facility, design, evaluation, consulting, real estate finance, as well as numerous specialized professionals in the sector (engineers, architects, surveyors, notaries). Scientific coordinator of the project is Professor Claudio Cacciamani, flanked by Professor Federica Ielasi, while current operational coordinators are Dr. Sonia Peron and Dr. Lara Maini, of the Department of Economics of the University of Parma. The index highlights an increase from 19.21 (relative to the first quarter 2015) to 20.05 (August 2015), confirming a growth trend of confidence which started from the beginning of 2012. The responses by the operators of the panel highlight how a sentiment of growth and improvement in the economy by the operators of the panel is absolutely consolidating. This will insert the point of departure from the surveys of the past … and it’s expected that in the next 12 months answers given by the operators of the panel will underscore a sentiment of improved perspectives in the economy. The latest survey above reveals a more positive attitude of the operators, which is increasingly pushing not only to price stability, but also to moderate growth. All sectors seem to take advantage of this new vision, with the exception of industrial buildings. A stand out are hotels and commercial properties, which reflect the current economic recovery tangibly perceived by the operators of the panel.
The Italian real estate market catches up
Italy finally in the top ten of European real estate investors This is what immediately catches your eye when you see the report “Emerging trends in real estate europe 2016” published by PriceWaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Italy then at the top thanks to the entry of Milan among the top ten European destinations for international operators, namely the eighth: four steps ahead compared to the previous year. Milan real estate’s on a hot streak This was possible thanks to the 4 billion euros invested in Milan at the turn of the last three months of 2014 and the first nine months of 2015. In particular Milan expectations are even greater growth in the year, so much so that it is expected that the real estate market of the city will be the second most vibrant in Europe in 2016. The most dynamic areas, after the boom of Porta Nuova, should be those close to Central Station and the district of City Life. Foreign investment on the real estate market in Rome As in Rome, the capital is on the 25th place in the rankings but is now ninth when you consider the amount of investment expected in the year. Here, the market is more difficult because of smaller dimensions: the problem, is the presence of poor quality product, but also the high level of fragmentation and less transparency. The residential market, is likely to remain the most dynamic especially if the approach is also extended to sub-sectors such as houses for students and healthcare. Foreign real estate investment in Europe, Berlin shines At the top of the ranking of Europe’s most interesting cities for operators remains Berlin, as it was last year. In second place was another German city, Hamburg, followed by Dublin, Madrid, Copenhagen, Birmingham and Lisbon. After the eighth Milan and Amsterdam we finally still find a German city, Monaco. Paris outside the top ten, however, due to domestic economic problems, most notably the unemployment rate. But to suffer the most will be Russia (especially until it is not clear what will happen in terms of economic sanctions, according to the report) and Turkey, for the known current events.