Summary and analysis of Italy's current private wealth real estate market conditions.
Private capital (Ultra High Net Worth Individuals, Family Offices, and Family Holdings) has significantly accelerated in Italian commercial real estate, with investments reaching €1.4 billion in H1 2025 (+660% YoY).
Private wealth participation in the Italian real estate market has more than doubled, expanding from 10% of total investment volumes in 2024 to a remarkable 25% in H1 2025.
Since 2023, private investors have reversed the historical trend, transitioning from primarily sellers to strategic buyers, especially active in acquiring assets in office, retail, and hospitality sectors.