REAL ESTATE POST-COVID TRENDS SECTOR BY SECTOR – JUNE 2021
27/06/2021The residential sector marked a positive inversion in the trend in third quarter 2020, proving itself to be the more resilient sector. Logistics is the emerging sector, thanks to the acceleration provided to e-commerce by the pandemic. Despite the significant decline in take-up, offices remain the preferred asset class of investors, while retail is forced to bet on an omni-channel…
LETTINGS 2020
23/06/2021In 2020, the leasehold market was impacted by the health emergency and by the consequent lockdown. Overall, nearly 1.3 million let homes were recorded, -8.8% compared to the prior year. The predominant contractual type continues to be the regular long-term contract, although some cities such as Rome see a predominance of contracts with regulated rent. In this scenario, even rents,…
HOTEL OVERVIEW Q4 2020
08/04/2021The effects of the Covid-19 pandemic are still difficult to quantify, but they are certainly quite significant across the entire tourism industry, from air transport to the hospitality sector. In Italy, the drop in demand in 2020 widely exceeded 50%, with the exception of certain segments that managed to keep up, such as beach tourism, which benefited from a period…
RESIDENTIAL OVERVIEW H2 2020
22/03/2021In 2020, the residential market proved to the sector most resilient to the impact of the health emergency, closing with a 7.7% decline in transactions compared to 2019, for a total of 557,926 transactions (Agenzia delle Entrate data). An inevitable decline, following the lockdown of March-April 2020, with a clear recovery during the second half of the year. In particular,…
INVESTMENT OVERVIEW Q4 2020
11/03/2021The volume of real estate investments in Q1-Q4 2020 amounted to € 8.3 billion. This result is down compared to 2019 (€ 12 bn), which was a record year for capital market investments, but in line with 2018. In 2020, the office sector accounted for the highest portion of investments with 45% of the total, amounting to around € 3.7…
OFFICE MARKET OVERVIEW Milan and Rome Q4 2020
17/02/2021The office market closed 2020 with take-up of 294,500 sqm in Milan and 120,000 sqm in Rome. A downward trend compared to the same period of the prior year, due to the contingent situation linked to the Covid-19 health emergency. The second quarter suffered the effects of the lockdown period and, although the market resumed activity from May-June, the take-up…
PRESTIGIOUS HOMES MARKET H2 2020
16/02/2021After the reopening of activities in May, the prestigious homes market gradually began to show positive signs. In particular, the greatest recovery occurred from mid-September, since in the summer months – despite a certain level of activity following the hard lockdown in March and April – remote working and stays in holiday homes actually reduced the presence of people and…
THE OPPORTUNITIES OF BUILDING RENOVATION Q1 2021
27/01/2021Gabetti’s Research Department, together with Gabetti Lab, conducted an analysis of the impact of the tax incentives (Ecobonus, Sismabonus, Superbonus 110%) subject to the credit transfer. The main objective was to quantify the relative savings from an economic standpoint, through the analysis of 138 condominiums that deliberated on energy retrofitting works, focusing in particular on the advantage for condominiums entitled…
HOSPITALITY OF THE FUTURE
13/10/2020The tourism sector is a transversal one, strongly influenced by exogenous factors of a social, economic and environmental nature that shape the underlying trends, but it is also characterised by everything that physically expresses the destination. In this scenario, Hospitality, which in fact represents the final phase of the trip, is one of the sectors that has suffered the most…
OFFICE MARKET OVERVIEW Milan and Rome Q4 2019
25/03/2020The positive trend in Milan’s office market continued in 2019, with estimated take-up of approximately 487.700 sqm, up compared to the same period of 2018. In terms of area let, the most active markets during 2019 were the Periphery, with 26% of the total area, and the Hinterland, with 24%. There was a slight increase in prime rents in the…
