According to Jll Italia in 2021 investments in the Italian real estate market have increased by 18 per cent year on year, thanks mainly to some leading sectors. Let's see what they are and where investments will be directed in 2022.
Real estate investments in Italy
Real estate investments in Italy, according to Jll, reached a volume of 9.8 billion euros in 2021 (+18% y/y), with a dynamic market that saw the closing of 214 transactions, only two less than in 2019. The average value was €36 million, compared to €57 million in the pre-covid year.
"The Italian real estate market is very dynamic and, despite the difficulties of recent years, is proving to be strong and resilient," commented Barbara Cominelli, CEO of JLL Italia. "In 2022 we expect consistent growth, with a particular focus on the logistics, office, hotel and living sectors, and the opportunity to extend investments to other geographies, in addition to Milan."
The most interesting real estate segments
The most interesting real estate segments for investors include:
- Logistics: confirmed as the most dynamic investment category in terms of volumes, amounting to €2.9 billion (+85%), with a weight on the total of 31%, up from 19% in 2020. Record year for leasing with take-up of 2.5 million sqm (+10% vs 2020).
- Offices: €2.7 billion invested in 2021, -24% vs 2020. Leased office take-up is growing, with Milan reaching 360,000 sqm (+28% vs 2020) and Rome 140,000 sqm (+13% vs 2020).
- Residential: recorded volumes of around €500 million, up 26% year-on-year.
- Hotels: proved resilient, with volumes of €1.3 billion, up 79% from 2020 to 2021.
- Retail: touches €1.4 billion in investments.
- Alternative assets: 133% growth from 2020
- Healthcare: +134% year on year for investments, confirming its position as one of the six most attractive sectors.