Soon there will be greater transparency on the data relating to the Italian real estate market. Real Capital Analytics (RCA) – a leading international company in the supply of data and statistics for the real estate sector – has in fact signed an agreement with Nomisma for data sharing, which will make it easier to monitor the Italian market.
On both sides there is satisfaction with the agreement reached. “The difficulty in obtaining reliable data on Italian transactions – declared Richard Harris, Nomisma's Transparency Services Coordinator – represents a significant obstacle in attracting international institutional investments to the Italian market, especially since the beginning of the global financial crisis. Italy represents a significant real estate market at European level and we expect the partnership with RCA to contribute in the future to reducing its margins in terms of turnover”.
Simon Mallinson, Managing Director of RCA for EMEA, argues instead that “Nomisma's contribution on Italian real estate transactions to RCA's global platform has allowed us to turn on a beacon of market activity. December was an unequivocally rich month of high-profile commercial real estate transactions in Italy.
This represents an important step in the right direction in order to make the Italian market more transparent for the international audience, which in turn will enhance investment activities and capital inflows. It is our goal to provide RCA's clients with the best tools available for analyzing investment prices and trends”.
Nomisma reinforces its commitment to providing accurate and timely information that meets internationally recognized standards. His research and data are collected and analyzed by a dedicated team in collaboration with other researchers in the field.
Figures published by RCA, including data provided by Nomisma, show that the Italian real estate market recorded the largest volume of commercial transactions since 2008 with 4,7 billion euros, an 88% increase on 2012 levels.
