The factors of real estate optimism<\/strong><\/h2>\n\nFor Real Estate Scenarios, the outlook for investment in the European real estate market<\/strong> is fairly positive, driven by population growth, an increasing student population and longer life expectancies of European citizens.<\/p>\n\nPartly as a result of this, residential property prices in 2019 were found to be on the rise in all European countries ... except in Italy<\/strong>, where a full recovery in housing values is still awaited after the long period of difficulty.<\/p>\n\nSpeaking of studies and brighter prospects for the future, note how expectations are also becoming discreetly more encouraging according to the experts at Nomisma<\/strong>, which in its Osservatorio Immobiliare sanctions an all-too-positive performance of the residential market in major Italian cities, recalling how the forecasts announced in the first part of the year have come true.<\/p>\n\nBut are we still a long way off from 2008, the last year before the long economic downturn?<\/p>\n\n
A decade-long comparison<\/strong><\/h2>\n\nAlso according to Nomisma, the comparison between 2008 and the present, which was merciless just a few years ago, would be less difficult to sustain today. Admittedly, 2008 is not the most stimulating basis for comparison (the peak of real estate activity had been reached in 2006), but in relation to that year the gap is now positive for 16 thousand residential buying and selling transactions if we dwell only on the main Italian urban markets, and it is negative for 60 thousand units if instead we extend the discourse to the whole tricolor territory. <\/p>\n\n
The cities with the best residential performance compared to the 2008 level include Milan<\/strong> and Bologna<\/strong>, while other major cities are still severely underperforming compared to 2008, such as Catania<\/strong> and Palermo<\/strong>, and still others, such as Venice<\/strong> and Florence<\/strong>, are substantially in line with the performance of the comparison period.<\/p>\n\nWhat about the prices?<\/strong><\/h2>\n\nTurning then to the price side, Nomisma's report records a positive change in housing prices for the first time in 10 years, but only with regard to major Italian cities.<\/strong> The change is also rather small (+ 0.2 percent, compared to - 0.9 percent in 2018), but it is nevertheless a welcome development, which could pave the way for a more substantial acceleration next year. <\/p>\n\nFinally, as far as the credit market is concerned, the low levels of interest rates<\/strong>, at historic lows, are expected to be confirmed in the coming year as well, thus making it still very convenient to resort to home financing. The unknown factor, however, will be the attitude of banks: in 2019, Nomisma points out, a tightening in credit policies<\/em> has been felt, with increased caution that may be the result of the climate of uncertainty and lenders' concerns about borrowers' solvency. <\/p>\n","protected":false},"excerpt":{"rendered":"The development trend in the real estate sector for the near future remains rosy, so much so that in the coming years, says a dossier conducted by Scenari Immobiliari, the dynamics should be positive. But for what reasons? And which territories are enjoying the best attractiveness for real estate investment?<\/p>\n","protected":false},"author":2,"featured_media":7888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[262,273],"tags":[413,323],"class_list":["post-11568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying","category-selling","tag-real-estate-investment","tag-real-estate-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/posts\/11568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/comments?post=11568"}],"version-history":[{"count":1,"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/posts\/11568\/revisions"}],"predecessor-version":[{"id":11569,"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/posts\/11568\/revisions\/11569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/media\/7888"}],"wp:attachment":[{"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/media?parent=11568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/categories?post=11568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alessandropasqual.it\/en\/wp-json\/wp\/v2\/tags?post=11568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}