Table of Contents:
A year of growth for real estate investments
2024 proved to be an extraordinary year for the Italian real estate sector, with a significant increase in foreign investment. According to the latest report from Gabetti’s research office, corporate investments reached 9.9 billion euros, an increase of 66% compared to the previous year. This positive trend is particularly evident in the third and fourth quarters, which proved to be the best in the last two years
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Geography of investments: Northern Italy in the spotlight
Analyzing the geographical distribution of investments, Northern Italy is confirmed to be the leader with 56% of the total, followed by the Center with 20% and the South with 6%. A further 18% of investments were distributed evenly across the country. Among foreign investors, the French have distinguished themselves in the retail sector, while the Americans have focused their attention mainly on the logistics and retail sectors
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Growing sectors: retail and hospitality
The retail sector dominated the market with 2.8 billion euros invested, thanks to significant transactions such as the one in Via Monte Napoleone, which brought in 1.3 billion euros. The fourth quarter saw a volume of 930 million euros, the highest in the last eight years. The office sector also showed solid performance, with around 2 billion euros invested, with Rome and Milan continuing to be the main squares. Among the most significant transactions, the sale of a trophy asset in Rome stands out, above 100 million euros
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The hospitality market: dynamism and opportunities
The hospitality market saw investments of 1.8 billion euros, with an average of more than 440 million euros per quarter. Among the most significant deals, the acquisition of the Bauer luxury hotel in Venice by the Cypriot group Mohari Hospitality, for a value of more than 300 million euros. This sector has demonstrated significant resilience, positioning itself as one of the most dynamic in the Italian real estate market
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Industrial and living sector: contrasting performances
The industrial and logistics sector recorded 1.7 billion euros, representing 17% of the total volume. The living sector saw a volume of 800 million euros, down 5% compared to 2023, but it still ranked as the third best year in terms of transactions. Milan continues to be at the center of investor interest, thanks to a constantly growing demand for housing
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Investments in mixed-use and healthcare
The mixed-use sector recorded almost 570 million euros in investments, mainly through the acquisition of the Farini and San Cristoforo railway stations, part of an urban regeneration project in Milan. The healthcare and alternative sectors also contributed, although to a smaller extent, with investments of 1% and 2% of the total, respectively.
