Summary and analysis of Italy's current capital markets conditions.
Insight
Italy Capital Markets Market Dynamics, Q2 2025
In H1 2025, investments in Italy’s real estate market amounted to approximately EUR 5.6 bn, +52% YoY, including developments and share deals.
International investors accounted for approximately 60% of the semester's transaction volume, while private wealth investors represented 25% 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. They recorded slight compression for logistics, 5.4% net-on-net , Multifamily, 4.5% and Healthcare 5.75%.