Record-breaking investments for Italian real estate

Italian hotels and offices being a real paradise for the investors set the all time high for the local real estate market in 2019 in terms of the amount of investments and reached a record level of 12.3 billion euros. This is 36% more than in 2018, according to CBRE.

Milan became a real ace in Italian sleeve with 40% of the total investment - 4.6 billion euros. 3.6 billion euros were invested in the office sector. Investments in Rome real estate for the year remained unchanged - 1.9 billion euros.

The result of the passed year also surpassed the record of 2017, when investments in Italian real estate amounted to 11.2 billion euros.

Investors hosted the banquet in the fourth quarter of 2019, reaching 40% of the annual amount of investments, Forbes writes. It was mainly influenced by the loosening of the Central Bank's monetary policy in relation to interest rates. The economic situation of the country began to improve, which affected the real estate market.

The main investment sector is office real estate: it attracted 5 billion euros in 2019. Investments in Italian hotels show record growth running to 3.3 billion euros, which is 141% more than in 2018. 1.3 billion euros have been invested in logistics real estate market, which is also growing.

On the other hand, indicators of retail and residential real estate decreased over the year - from 2.2 to 2 billion euros, and - from 763 to 687 million euros respectively.

Meanwhile, home sales rose in seven major Italian cities in 2019.