In Q1-Q3 2025, investments in Italy’s real estate market amounted to approximately EUR 8.2 bn, +17% YoY, including developments and share deals.

International investors accounted for approximately 57% of the semester's transaction volume, while private wealth investors represented around 20% of total investments significantly higher than their 10% share in 2024.

Prime yields held substantially steady at 4.25% for office Milan, 4.75% for office Rome, 6.5% for shopping centres, and 4.25% for high street retail, 5.4% net-on-net for logistics, 4.5% for Multifamily and 5.75% for Healthcare.