The Italian real estate market is recovering, with sales increasing by 6,8 percent in the second quarter. This is what emerges from the quarterly Note produced by the Real Estate Market Observatory of the Revenue Agency.
In particular, the commercial sector marks +10,3%, the residential one +8,2% and the appurtenances +6,1%, while the productive sector (-8%) and the tertiary sector (- 3,8%). The housing market in the main cities did well, with Turin and Palermo growing by over 16% and Florence reaching 11,8%.
In the first six months of the year, the residential sector recorded 116.514 transactions, marking a +8,2% compared to the 107.647 transactions recorded in the same quarter last year.
The best performance is observed in the north (+10,3%), while in the center and south the increase is around 6%. The big cities all show significant growth results: Turin and Palermo respectively record +16,3% and +16,1%, followed by Florence (+11,8%), Milan (+9,2%), Rome ( +5%) and Genoa (+4,4%); more modest recovery, however, for Bologna (+3,2%) and Naples (+0,5%).
In the provincial territory, the primacy of the residential market belongs to Milan, with an increase of over 16%, followed by Bologna and Genoa, which well exceed 13%, and Florence (+10,3%).
As far as the non-residential sector is concerned, only the commercial sector is positive, with 6.719 transactions registering an increase of 10,3%. On the other hand, the sales of properties in the manufacturing sector (-8%) and in the tertiary sector (-3,8%) are still down.
The production sector is essentially stable in the centre, while it records negative values in the north (-8,2%) and above all in the south (-16%); on the tertiary sector, on the other hand, the negative performance of the North weighs (-7,7%), which alone moves more than half of the market, unlike the center which, in contrast, shows a marked increase of 16,3%.
