ROME (ITALPRESS) – Residential buying and selling will grow in 2024: plus 1.5 percent, first homes plus 5 percent, sales prices and rents still rising due to the growing gap between supply and demand. These are the findings of the “Annual Report on Real Estate Market Trends in Italy and Focus on Energy Efficiency” presented in the Senate. The Report, produced by the FIAIP Study Center in collaboration with ENEA and the Institute for Competitiveness (I-Com), provides a snapshot of the dynamics of the housing market with respect to the variable of the energy performance of buildings and homes in the country.
There is an acceleration for less energy-intensive housing, given rising utility bills. Positive outlook also for 2025 thanks to mortgage interest rates, which have been falling consistently and are expected to fall further in the coming months. Also illustrated was a Focus on the city of Gorizia, European Capital of Culture 2025, by Fiaip Gorizia President Pierluigi Sardelli with final remarks entrusted to Fiaip National Secretary Fabrizio Segalerba. “From the Report emerges a growing imbalance between supply and demand that leads to an increase in prices and rents making access to housing more difficult,” said Senator Maurizio Gasparri, president of the Forza Italia Group in the Senate. “That’s why we are working in Parliament on a law on urban regeneration, absent for too many years, which will make it possible to facilitate the process of redevelopment of that large part of disused or disused public heritage, such as former barracks, former schools, former hospitals, contributing to the increase of housing supply for many families, students and workers.”
The Report shows that in 2024 there is an estimated slight increase (+1.5% compared to 2023) in the total number of residential purchases and sales, amounting to about 720 thousand with a significant increase (+5%) in first home purchases and sales. Underlying this improvement is the consistent downsizing of inflation and even more so the reversal of the ECB’s monetary policy, which has fueled confidence in the market, facilitating access to credit, especially for first home mortgages whose applications increased by 10%, thanks in part to the confirmation of the Consap Guarantee Fund. The most bought and sold real estate type is the used semi-central three-room apartment, demonstrating how the purchase of a home to live in with dimensions that are not too large is becoming predominant again, also as a result of the progressive demographic decline that has been in place for years now. For market values, there has been an average increase of +3% (2024 over 2023) with the large cities with a strong tourist, university and work vocation registering respectively in Turin (+3.1%), Rome (+4%), Naples (+2.3%) and Milan (+1.6%).
For residential leases, there is an average increase of +2 percent in the number of contracts, accompanied by an average rent growth of +7 percent over 2023, all driven by short and transient leases. The most frequently sought-after type is the agreed rental contract with reference to two- or three-room apartments used in central and semi-central areas. For non-housing use, both the trend in purchases and sales (stores -2% offices -2.5% warehouses +1.5%,) and prices (stores -1.5%, offices -2% and warehouses +1.8%) show substantially a slight decrease compared to 2023, while for leases (stores +1% offices +1,5% warehouses +2%), and for the related rents (stores +1% offices +1.3% warehouses +1.2%), there is a trend, after many years, finally positive, and this could portend realistic optimism for the near future also for the trend of the buying and selling market.
“The snapshot of the real estate market presented today in the Senate shows us three priorities,” commented Gian Battista Baccarini, Fiaip National President ‘namely, to widen the audience of recipients of the Consap Guarantee Fund, to accelerate the definition of a National Plan on Housing absent for more than 70 years and to define an orderly system of structural building tax incentives. These measures will facilitate the purchase of less energy-intensive and affordable homes by fostering the virtuous dynamism of the housing market, including from a ‘green’ perspective, with positive consequences for the entire national economic, social and employment system.”
“In 2024 we have seen a positive trend for the housing market, in particular, first home purchases are growing, and there is a growing focus on less energy-intensive housing also due to the constant increase in utility bills,” stresses Fiaip Study Center President Francesco La Commare.
“For 2025, a positive outlook is emerging, both because of the six consecutive declines in mortgage interest rates in the past eight months, the real effects of which we will see this year, and because of a newfound desire among citizens to improve their housing comfort.” ‘Even this year,’ explained Franco D’Amore, Vice President I-Com, ‘we can see encouraging signs with respect to how the housing market is responding to the issue of energy efficiency in buildings. Many indicators reveal an increase in attention to this issue on the part of buyers and sellers. In some segments-such as new, renovated, and buildings in prime areas-buildings bought and sold in the best-performing energy classes are steadily gaining market share. However, there remain signs of incremental improvement, far from the step change on building energy renovations envisioned in the 2024″ Energy Performance of Buildings Directive.
– photo screenshot video xc3/Italpress –
(ITALPRESS).
