Surprisingly, despite the pandemic, the recovery of the Italian real estate market. According to theObservatory of the Revenue Agency, in fourth quarter of 2020 the sector grew by8,8%, “strengthening the positive trend already noted in the summer”. The rebound therefore continues after the collapse recorded in the first half of last year due to Covid.
Between October and December it went well above all the non-residential market, which overall recorded an increase of 12,1% on an annual basis.
Positive trend also for sales of homes, which "were almost 15 more" than in the same period of the previous year, "reaching 183.381 units traded, with more marked growth in minor municipalities (+11,8%) compared to the provincial capitals (+2,9%)”, reads the analysis.
Among the big cities, Roma (+ 7,9%) and GenoVa (+8,4%) are those that marked the most decisive leap forward, while trading at Palermo, Napoli e Torino. "Still lower than the trades at the end of 2019, however, Milan, Bologna and Florence, even if the losses are more attenuated, with a negative rate no longer in the double digits".
Il Center of Italy shows "a peak increase with +12,3%, driven above all by sales in smaller municipalities (+16,8%) but also by the good rise in sales volumes in the provincial capitals (+6,9%)".
At the end of 2020, adds the Agency, "the propensity to buy, together with the house, an appurtenant space increases considerably": the growth of sales of cellars and attics it was 48,3%, with notable increases especially in the North-West (+71,2%), North-East (+56,4%) and Center (+42,8%) areas.
Positive trend also for the market of box and parking spaces (+11,1%), which follows the weak recovery already recorded in the previous quarter (+4,3%).
Finally, the productive sector, mainly made up of warehouses and industries, recorded the first positive sign of 2020 (+9,3%), after the substantial drops of the other three quarters.
