Insight into the Italian market in 2023, complete with macroeconomic forecasts and scenarios for 2024.
Insight
16 January 2024
Italian market overview | 2023
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Italian market 2023
- Despite challenging economic and geopolitical environment, Q4 2023 showed signals of recovery for CM investments
- Lenders continue to deploy into multiple asset classes, with a heightened focus on sponsor, sector, and asset quality
- Occupiers’ fundamentals are solid resulting in positive absorption performances both in logistics and office assets
2024 Outlook
- Looking ahead, we should see improving stability and predictability in conditions in 2024, as well as lower inflation and the start of the interest rate cutting cycle
- Global geopolitical uncertainty will continue to weigh on investment activity but at a lower pace
- Occupiers' demand will maintain strong, with an increasing focus on quality and ESG target