Summary and analysis of Italy's current capital markets conditions.
Insight
02 February 2025
Italy Capital Markets Market Dynamics, Q4 2024
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In 2024, investments in Italy's real estate market amounted to approximately EUR 10.2 Bn, +70% YoY, including developments and share deals, with international capital contributing 65%. Q4 recorded a total of around EUR 3.5 billion in investments, making it the most active quarter of the year.
The office and the retail sectors were the top performers in terms of deal flow, followed by the logistics and hotel sectors. The living market recorded a recovery in Q4, after a less dynamic first part of the year.
Prime yields remained stable in Q4 2024: Prime Office yields are 4.5% in Milan and 4.75% in Rome; 5.5% net-on-net for logistics; 6.5% for shopping centres, and 4.25% for high street retail; 5% for multifamily and 6% for healthcare.