Italians return to invest in real estate. According to Nomisma's July 2018 Observatory on the Real Estate Market, presented today at the Italian Post Office in Rome, there is a clear recovery in the investment component in intentions to purchase properties which - to date - represents 15,4% of property interest. In the 2017 survey, this component accounted for just 6,1%. For the Bolognese Institute, this is an unequivocal sign of improvement in the domestic real estate market.
LOCATIONS INCREASING
In general, the study reveals that "there are over 2,6 million Italian families who would like to buy a house, mainly fueled by the desire to improve the current housing condition or by the need for emancipation from the nucleus of origin".
According to Nomisma, in Italy investors oriented to the residential sector "complain about the persistence of a series of disincentive factors including the penalizing and constantly changing tax regime, the uncertain regulatory framework and the high leasing risks linked to the solvency of tenants, the cumbersome urban planning procedures and, again, the fragmented ownership and the lack of specialized management companies”.
The Bolognese Institute - with regard to leasing - shows a growth in the subsidized rent component common to the whole national territory, while the transitional contract is more widespread in the 13 large Italian markets, driven in particular by the presence of temporary workers and students .
Families too have shown – over the last 10 years – a growth in the propensity to resort to renting. Looking ahead - according to Nomisma - there are over 2 million households that express their intention to rent out in the next 12 months, of which 863 are already moving (3,3% of total households), while a component of around 1,1 .4,5 million (XNUMX%) is expected to activate in the coming months.
Moving on to the sales segment, purchase intentions are growing here too: from 2,2 million in 2017 to 2,6 million in 2018 (10,2% of total households) and a good 722 thousand are already moving (2,8%), while around 1,9 million express an intention to purchase in the short term (7,4%).
FIRST HOME PURCHASES IN RECOVERY
The reasons linked to the purchase (and replacement) of the "first home" concern approximately 1,7 million families (65,9% of intentions), against the stability of interest in the purchase of "second homes for family use ”, which continue to find important recognition in 18% of families intending to buy a house (about 476 households).
The demand profile of those who are already looking for a home is mainly represented by single-member families aged between 45 and 54, with a rather stable working condition and an average income between 1.200-1.800 euros per month, a level of high and already homeowners.
The profile of the potential demand, of those who intend to buy a house in the coming months, concerns families with children who currently live in rent, with stable employment, with a reference person aged between 18-34 and between 45-54 years and a monthly income between 1.800 – 2.400 generated by 2 income earners.
However, there are also 9,2 million families (equal to 35,5% of the total) who are unable to express a question as they do not have the economic resources and are not in a position to take out a mortgage. The prevalent profile concerns single-parent families with children, in the 35-44 age group, with a modest level of education and an average monthly family income that does not exceed 1.200 euros.
