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Real Estate Investment in Italy: Half-yearly volume at record levels since 2008
Milan; 25. July 2016

In Q2 2016 just under € 2 billion were invested in the Italian real estate market, a 12% increase on both the previous quarter and the same period last year. This brought mid-year volumes to € 3.6 billion, in line with the previous year. Interest in the sector remained strong in the first half of 2016, with activity which was more dynamic in terms of the number of deals, higher than in 2015. These findings emerge from analyses by CBRE, which also show that foreign capital has played a leading role, accounting for 75% of total investments in the first half of the year, with € 2.7 billion invested, down 6% with respect to the first half 2015. The share of domestic capital invested continued to improve though, reaching nearly € 900 million in the first half 2016, a 24% increase compared to the first half of last year.


 
AXA IM - Real Assets completes acquisition of asset in Milan for €220 mn
Milan, 04. July 2017

AXA Investment Managers - Real Assets, the leading real estate portfolio and asset manager in Europe, announces that it has completed the acquisition of the landmark office asset in Via Monterosa 91 Milan from MPO - an Italian real estate fund 100% owned by funds managed and/or advised by Partners Group and managed by Torre SGR (controlled by Fortress Investment Group LLC and UniCredit Spa), for a total purchase price of approximately €220 million. 


 
London property snapped up by overseas investors as domestic buyers pull out after Brexit
Wednesday, 29. June 2016 

Overseas property buyers are snapping up London property after the shock decision for the UK to leave the EU, even as domestic buyers, spooked by uncertainty, pull out. Estate agents in the UK have been swamped with calls from Chinese, Middle Eastern, Italian and Spanish buyers looking for a bargain after the pound tumbled to more than 30-year lows, making the exchange rate very favourable for foreign buyers.


 
Grandi Stazioni Retail goes to Antin-Borletti partnership
Monday 12. June 2016

Unexpected outcome from the Grandi Stazioni Retail auction, which was won by the Antin-Borletti partnership with a bid for a total of € 953 million (€761.5 million in equity and €191.5 million of debt). The offer, from the partnership between the French fund and Italian entrepreneur, thus exceeded those from Altarea, Lone Star and Deutsche Bank. Altarea made an offer for a total of €806.5 million, whereas Lone Star reached €800 million and Deutsche stopped at €744.5 million.

 
This Swiss Self-sufficient Dwelling is the Future of Housing 
Monday 06. June 2016

Brütten ZH; When global leaders meet for the Climate Conference to discuss how to drastically reduce the world's CO2 emissions, the Swiss may have part of the answer. Consider living in a building whose only power supply is the sun, emitting zero CO2. This utopia is completed now. Not in the tropics or in the Middle East, in the northern part of Switzerland. The first energy self-sufficient house in the world comes at a reasonable price. A 4.5 room apartment will be renting at around CHF 2500, which includes energy usage based on a bonus system. 


 
Italy’s retail real estate volumes up 13% in first quarter
Monday;  30 May 2016

According to a study by CBRE, retail investments in Italy increased in the first quarter of 2016, reaching a quarterly volume of €600 million, up 13% from the previous quarter and more than three times the volume of the same period of last year. Sixty-two percent of the volumes was concentrated in the High Street segment, a choice dictated by the high volatility of the markets, which, therefore, reflects a change in strategy towards less risky investments.

 
 
IMF Increases 2016 and 2017 Growth Forecasts for Italy 
Monday; 23 May 2016 

ROME—The International Monetary Fund raised slightly its 2016 and 2017 growth forecasts for Italy, but urged Rome to push ahead with reforms to address its very low productivity and boost its meager growth rates. In its annual Article IV report published Monday, the IMF said it now expects Italy’s gross domestic product to rise 1.1% this year and 1.25% in 2017, up from its previous forecasts of a 1% and 1.1% growth, respectively.


 
A new luxury hotel to open for business in Torno, Lake Como, with Venezuelan capital 
Monday 16 May 2016

The hotel, designed by the Spanish designer Patricia Urquiola and member of the Leading Hotels of The World, will provide its clients with very large rooms – from 60 to 200 square meters –- a jaw-dropping pool suspended on the lake and a private beach. The private dock will allow those who want to sail on the lake and take a closer look at its panoramas and villas to use the boats by the Riva boat-yard, especially produced for the clients of the hotel.


 
M&G's Infracapital takes stake in Italian PPP portfolio
6 May 2016

Infracapital, the infrastructure arm of M&G Investments, is taking an 80% stake in a €700m Italian public-private partnership (PPP) portfolio. Societa’ Italiana Per Condotte d’Acqua, Italy’s third-largest construction company, sold the stake. The portfolio includes operational and greenfield assets in the health, transport and security sectors. 


 
Real estate market and the hotel sector
Friday 22.04.2016

The real estate market and hotel sector work together in a symbiotic relationship both structurally and economically speaking, the former acting as the “vessel” and the latter as the “contents.” In this relationship, the property itself is defined as a sort of infrastructure, a term which highlights its central role in the flourishing of individual industrial entities such as offices, hotels, shopping centers, etc. through its capacity to provide service and function.
 
Prime property sales rise in Italy with prices up in areas popular with overseas buyers
Wednesday, 24 February 2016 

The prime residential property market in Italy has turned a corner with viewings and sales increasing in 2015, new research shows. The weak euro and a growing realisation that prices are at, or close to, their floor has boosted buyer confidence, according to a new analysis from international real estate firm Knight Frank.


 
Milan Emerges as Italy's Commercial Property Investment Hotspot
17 February 2016 

Milan's commercial real estate sector attracted significant interest from foreign wealth funds throughout 2015, with investor interest in Italy's business capital expected to continue into 2016 and beyond. A number of historic buildings have attracted foreign investments in Milan on the strength of low rates, international liquidity and structural reforms on the way in Italy. 


 
Italian House Price Index
12.01.2016

Housing Index in Italy decreased to 86.11 Index Points in the fourth quarter of 2015 from 86.34 Index Points in the third quarter of 2015. Housing Index in Italy averaged 94.24 Index Points from 2010 until 2015, reaching an all time high of 101.20 Index Points in the third quarter of 2011 and a record low of 86.09 Index Points in the first quarter of 2015. Housing Index in Italy is reported by the Eurostat.


 
Milan Enjoying a Surge in Cross-border Property Investment in 2015
December 14, 2015

According to Knight Frank, Milan's office investment volumes have surged during 2015, as improvements in the Italian economy have helped to attract a wave of cross-border activity. After being one of a handful of European countries to be in recession in 2014, Italy has returned to positive economic growth in 2015 and its GDP is forecast to increase by c. 0.9% annually. The strengthening of the economy has encouraged a revival in investment market activity, and Milan office investment reached €1.4 billion in the first three quarters of 2015, comfortably exceeding the full-year total for 2014. Cross-border investors led transaction activity, taking a 90% investment share during this period.


 
An Italian job: the perks of investing in property in Italy
August 6, 2015

The declining value of the euro – €1 is currently worth Dh4.03 compared to Dh5 this time last year and Dh5.30 in 2011 – is encouraging investors and second-home buyers to look at property in Europe. While Greece is still perceived as high risk and Spain and Portugal are bordering on broke, Italy’s residential-­property sector is fast gaining a reputation as being low-priced and lucrative – because while prices have stayed low, the market is starting to stir again, a healthy sign in a region stagnant since the 2008 financial crash. That Italy is a vacationing spot known for its food, fashion and friendly people doesn’t hurt, either.


 
Demand for high end properties in Venice up 20% year on year
Wednesday, 03 June 2015

Enquiries for prime real estate in Venice have increased by 20% year on year with demand particularly for centrally located properties, according to a new report.The market in Venice is very active at the moment, especially at the top end with rich buyers seeking prestige properties finished to the highest of standards, says Ann-Marie Doyle of Sotheby’s International Realty.
 
More British buyers interested in property in Italy, research suggests
Wednesday, 13 May 2015

Favourable exchange rates have led to more potential British buyers looking at the Italian property market and they are also considering more expensive houses, it is claimed. The value of the Italian real estate for which the British have made requests has almost doubled, up 90%, in the last year, according to research from Gate-Away, an online real estate portal that promotes Italian properties to overseas buyers.
 
Overseas buyer confidence strengthening in Italy
Tuesday, 17 February 2015

With the euro at a seven year low against the pound and prime prices in some parts of Italy at their lowest level since the financial crisis, buyer confidence is strengthening, it is claimed. According to Rupert Fawcett, Knight Frank’s head of Italian sales, stock levels remain high. ‘As we move into the traditional spring selling season, more good quality homes are coming onto the market. Not only are vendors being more realistic on price but in some cases prices are 30% below their 2009 peak, with even larger margins being observed in areas such as Umbria and Lombardy,’ he said.
 
Eurozone commercial real estate market
February 11, 2015

There has been a notable shift in sentiment early in 2015, which has significantly improved the outlook for the eurozone. One of the key drivers has been the fall in oil prices, and after a period of uncertainty surrounding the implications of the fall, the overwhelming consensus is now that it will have a positive influence on eurozone growth.
 
Return of foreign buyers to Italian property market set to continue in 2015
Tuesday, 16 December 2014

The last year has been a good one for the Italian real estate market and going into 2015 there are still good buys to be found in many areas, it is claimed. ‘If the first quarter of 2015 is as busy as the first quarter of 2014 then this will be a very positive sign indeed and I can see no reason why not. The Euro is weaker against the Pound which is a great advantage and of course encourages clients to purchase more readily,’ said Linda Travella, who has been working in the country’s real estate industry for over 20 years.
 
UK and US buyers returning to the Italian property market
Tuesday, 11 November 2014

UK and US buyers are increasingly seeking properties in Italy as the challenging market conditions and currency shifts makes buying a second home even more attractive. According to Rupert Fawcett, a partner in Knight Frank’s Italian team the food, culture, wine and architecture and lifestyle in the country continues to attract overseas buyers. Italy may be still struggling to shake off the Eurozone debt crisis but with the euro significantly weaker against key currencies than a year ago there are deals to be found.
 
Property prices expected to fall further in Italy this year
Monday, 24 February 2014

Property prices in Italy are expected to fall further in 2014 with a weak domestic economic outlook affecting the residential real estate market. House prices have declined in real terms by 5.8% year on year since 2012 and the trend appears not to have stabilised, according to the latest analysis report from Fitch Ratings. It points out that figures from Nomisma also show that the real estate market has also contracted in terms of the number of sales by about 8% year on year. Fitch expects the current housing market cycle to be driven by the slow economic recovery, which will take time to reflect in stronger and increasing houses prices. Fitch expects further nominal house price declines of about 4% between now and the end of 2014.
 
 
 
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