EXPO REAL 2016
ITALY WELCOMES REAL ESTATE INVESTORS

Italy’s most interesting Real Estate properties were on show at EXPO REAL 2016 (Munich, 04-06 October) for an audience of qualified international investors and operators. This year for the first time the Italian Pavilion in Munich was coordinated and organised by the Italian Trade Agency on behalf of the Ministry of Economic Development and alongside the Ministry of Defence and the Ministry of Economy and Finance.

The Italian Pavilion was proud to host three Italian administrations namely Apulia, Tuscany and Trentino, along with FS Sistemi Urbani, the Italian State Railways company in charge of asset valorisation, Agenzia del Demanio, the Italian Public Real Estate Agency, Difesa Servizi, the Ministry of Defence’s in house company, Invimit Sgr, the Ministry of Economy’s Real Estate management fund. Arexpo Spa, in charge of the valorization of the former Expo 2015 area and Confindustria Alberghi also took part.

A single "Made in Italy" Pavilion welcomed visitors in an area of more than 200 sqm (Booth B1 430) to showcase profitable, high-potential projects, case histories and the efforts of the Italian Government to stimulate the sector. A special focus on projects took place at our Booth on October 5, with the Seminar “Invest in Italy – Project Presentation” an unmissable opportunity for each partner to present the most interesting assets of their property portfolios.

The event was a chance for ITA to promote the recently lauched website www.investinitalyrealestate.com, an online tool providing foreign operators with a selection of investment opportunities in Real Estate. This database includes assets owned by the Government, by companies that have the Government or other public bodies as their shareholders, and businesses with mixed public-private shareholders. The properties – which vary greatly in terms of location, type and size – are available for purchase or long term lease and can be searched for by asset type, GIA or risk profile.

But what are the real trends? Early 2016 data confirm the turnaround that began in 2014.

  • Sales, the positive signs are reinforced: 445,000 sales in 2015 in the residential market confirm the growth, which started for over two years ago. According to estimates, 2016 could close with around 480,000 sales, confirming the strong turnaround to the positive side.
  • The mortgages granted to households continued to increase during the first six months of 2016, the loans amounted to 23,2 billion euros, as well as an increase in the number of sales through funds by mortgages (the estimated incidence of 57.5% compared to 55.5% in 2015).
  • Prices: the first data available for the current year (first six months) confirm a stabilisation in housing prices after heavy losses in previous years (-2.7% in 2015, -4.6% in 2014 and -6, 1% in 2013).
  • In the first half of 2016, the corporate market in Italy confirmed the positive signs already observed during the course of 2015. The figure of about 3,4 billion Euros invested, is not far from the 3,6 billion Euros recorded in the first half 2015. The corporate market continues to be of particular interest to foreign investors (70% of the sales volume).
  • Positive signals also in the non-residential sector: in the first quarter of 2016 the sales of offices and shops increased by 10.3% with respect to the same period last year.