European real estate market.

European real estate market.

The geopolitical pressure created in the last days by North Korea is just one of the variables and challenges that the European markets have had and have ahead of this year (political elections, higher inflation and a progressive return to monetary normality). In a context that is not difficult to define "tangled" the real estate remains attractive, with an increase in activity in most countries. It is the photograph taken from Real Estate Scenarios for Outlook 2018, which will be presented in Santa Margherita Ligure on the occasion of the 25th Society Forum in the charming seaside town, entitled "The City of Men" this year.

According to Mario Breglia, president of Scenari Immobiliari, the growth estimates of the European nations in 2017 are on the rise and the prospects for 2018 have also been reviewed positively, with the sole exception of the United Kingdom, victim of Brexit choices. The flight of private and institutional investors in favor of other European markets such as Berlin, Munich, Milan and Brussels, has slowed down the growth of the sector, also realizing the flight of human capital.

Despite the growing interest for Milan, however, in Italy the positive economic signals are not such as to guarantee a real recovery, also because the country has not managed to exploit, as others, the opportunities deriving from the Quantitative Easing, from the low price of oil and interest rates at historic lows. "The growth is modest, the tax burden is still too high, unemployment, especially youth, is among the highest in Europe and the banking system is always fragile" the outlook recites.

Real estate turnover increased everywhere, with the exception of the United Kingdom, where the sharp slowdown in activity in the post-Brexit period led to a 14% decline. More in detail, real estate markets are doing better than the economy.

However, the last few months have seen a return to normal and, despite the elements of uncertainty, 2017 should close with a positive sign, albeit at a slower pace than the competing nations. Italy and France recorded a similar increase in 2016, but are expected to accelerate in 2017, modest in Italy and more consistent in France. Italy will come to a real estate turnover of 118,550 million euros at the end of 2017, compared to 114,000 million in 2016, while France will settle at 152,000 million, England at 115,000 million, Germany at 215,000 million. In all the five major European countries (Spain will record revenues of 96,0000 million at the end of the year) will record a turnover of 696,550 million euros at the end of 2017 (up 6%, 9% next year). "The real estate market resembles the Italy of Ventura that we saw on the pitch the other night against Spain" says Breglia.

The lack of supply, above all in the top locations, will continue to represent the focus of investors looking for a low level of risk, without however giving rise to accentuated speculative developments. This lack of product in the "safest" markets involves changes in strategy by investors. The opportunistic ones, which can count on high liquidity, concentrate their attention on the buildings abandoned by the funds both in the offices and in the alternative sectors. We also look for secondary locations with high returns, but able to trigger a virtuous mechanism of recovery and growth.

The recession is now behind us, but the intensity of growth changes from country to country. The greatest successes are in the Spanish market, with a strong recovery in 2017, with forecasts for the continuation of the trend in 2018, even if the absolute value of turnover remains lower than in France and Germany.

Residential sales, the largest share of real estate turnover, are growing in most countries. 2017 shows an average increase of between 3% in the United Kingdom and 8% in Spain. Good Italy, which in 2016 marked the highest increase after a long period of stagnation of 14 percent. "But ours is still a contained market, we have half the transactions of France with the same number of inhabitants" says Breglia.

Real also:

Realigro blog

Untouchable Dublin: prices continue to rise

Valley of the Temples, Syracuse and Ragusa: Sicily Bedda

'Revive' program for Portugal: when history merges with construction

Smart buildings with zero energy: Italy ready for the challenge

USA: one-in-five Americans live in multigenerational households

European real estate market.

Selling a house abroad.

Related Insights

  •  
    European real estate market.

    European real estate market. The geopolitical pressure created in the last days by North Korea is just one of the variables and challenges that the European markets have had and have ahead of this year (political elections, higher inflation and a progressive return to monetary normality). In a co ...

Real Estate Listings

Cod. 40507

For sale Farmhouse, Italy, Cuneo, Cravanzana, Bricco sole

468,667.50USD
For sale
Farmhouse

1000 m²
Independent farmhouse in a hilly position, suitable for a large family or two families, completely renovated with antique furniture, kitchens, possibi...
Cod. 40318

For sale Farmhouse, Italy, Alessandria, Trisobbio, -

272,895.00USD
For sale
Farmhouse

2800 m²
Agritourism farmhouse for sale, Alto Monferrato area, between Acqui Terme and Ovada, panoramic hilly area of the castles. Large volumes and living spa...
Cod. 40084

For sale Farmhouse, Italy, Asti, Montabone, regione s.vittore 25

347,644.50USD
For sale
Farmhouse

210 m²
Stone farmhouse built in 1890, renovated in 2004. Piedmont Italy, in the Langhe Astigiane of Monferrato (Val Bormida) in the Montabone area, rustic s...
Cod. 40083

For sale Farmhouse, Italy, Massa Carrara, Carrara, Via Montia 33

117,463.50USD
For sale
Farmhouse

60 m²
Rustic "countryside" even if a few minutes from the center of Carrara (via montia) reachable by a short stretch of private road. Immersed in the green...
Cod. 39994

For sale Farmhouse, Italy, Messina, Caronia, contrada granato

49,833.00USD
For sale
Farmhouse

5000 m²
I sell a single house, with a fireplace on two floors above ground, in excellent condition with 5000 square meters of land with fruit and olive trees,...
Cod. 39867

For sale Farmhouse, Italy, Verona, Costermano sul Garda, Via Belvedere

392,731.50USD
For sale
Farmhouse

75 m²
In the context of a prestigious rustic courtyard in the heart of Costermano sul Garda in a hilly and quiet position, we sell 3 apartments completely r...
Cod. 39732

For sale Farmhouse, Italy, Padua, Arquà Petrarca, via monte bignago 81

913,605.00USD
For sale
Farmhouse

1000 m²
"Barchessa" farmhouse with private park in Arquà Petrarca for sale At the foot of the Euganean hills, in Borgo del Poeta, we offer for sale this impo...
For sale farmhouse with olive grove between sea, hills and countryside, ideal for those who love nature and tranquility. Also ideal for families with ...
Cod. 39617

For sale Farmhouse, Italy, Lucca, Capannori, Via Di Tofori 70

1,423,800.00USD
For sale
Farmhouse

550 m²
WHAT SHOULD I KNOW ABOUT THIS PROPERTY This gorgeous farmhouse, located on the hills of Lucca in the area of the historical villas, has prime sunny ...
Cod. 39570

For sale Farmhouse, Italy, Imperia, Ceriana, via san salvatore, 44 Ceriana

308,490.00USD
For sale
Farmhouse

120 m²
Located in the first Ligurian hinterland of Ponente for sale new house in rustic style. The building, with a wide view of the Armea Valley, is located...
2005-2020 REALIGRO REAL ESTATE LTD. All Rights Reserved - VAT Nr: 893969932
Neikos Digital Agency
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB