"The European real estate market will recover in2024."."

** The real estate market in2023 will be far from the post-pandemic "explosion." However, the future will be brighter, albeit without a "boom" on the horizon. This is one of the conclusions of the European real estate market forecast presented at the31st "Scenari Immobiliari" Forum in Italy. In an interview with Idealist/News, President Mario Breglia discussed the prospects for the real estate market in the coming years.

According to the research center center

** The five leading countries of Europe (Italy, France, Germany, Spain, the United Kingdom) will end the current year with a real estate volume just over900 billion euros, which is1.2% less than in2022. Germany showed a decrease of5.2% (especially in the residential sector), while other countries also exhibited modest trends.

“After the pandemic, we had two exceptional years in Europe with sales growth in all real estate sectors and a slight increase in prices. However, sales have decreased, prices remain stagnant, and some countries, like Germany, have faced a collapse in the housing market, while others have remained stable but with a negative trend,” explains Mario Breglia.

“The year 2024 should be better for the European real estate market.”

Breglia says.