Growth of real estate funds in Italy and abroad.

World real estate market

The global real estate market knows no crisis and, on the contrary, continues to grow both nationally and internationally. The total value of the market grew by 2.3% compared to 2022 and stands at an estimated €4.55 trillion. This is evidenced in the 2023 Real Estate in Italy and Abroad report by Scenari Immobiliari.

Real estate in Europe

In particular, real estate in Europe accounts for 35% of global wealth and is valued at 1.58 trillion euros, up 3.3% from a year ago. Our country has seen a growth of 3.2%, matching the pace of the European Union, with a total value of 127 billion euros.

The expansive cycle of Italian real estate funds

The expansive cycle of Italian real estate funds continues in 2023, representing 12% of the EU total, with a total value of 127 billion euros held by 630 active funds in our country. In addition, there is a decrease in debt due to a reduced need for liquidity, caused by a reduction in investment and a greater use of own resources to cope with the rising cost of debt.

Trends in the real estate market

According to the above-mentioned study, offices are becoming the preferred asset for Italian real estate funds, accounting for 58% of the total legacy they manage, followed by retail with 13% of the total legacy. The positive trend is also seen in the residential and logistics real estate market, which together account for 15% of the total.

Future forecasts

For future projections, real estate funds are expected to reach the 5.5 billion mark by the end of the year, but this number is lower than expected and a more substantial recovery in investment activity will take time and is likely to occur in the second half of 2024.

Italian real estate market

The Italian real estate market continues to be one of the most attractive for investors, especially for foreign capital owners, who are particularly interested in real estate in Milan and Rome.