Investment in Italian real estate rises to €3.4b in first half
Investment in Italy’s real estate market during first half 2016 totaled more than €3.4 billion ($3.8 billion) of investment transactions, which is almost 35 percent higher than the same period of 2015, according to Savills.
Significantly, cross-border investment into Italy accounted for more than half of the total investment volume in the first half and close to 65 percent of all deals. According to Savills, international funds are increasingly dominating the market, with 80 percent of foreign capital coming from other countries in Europe.
“Our analysis suggests Italy is at an earlier stage in the cycle compared to Europe’s primary markets in France, Germany and the U.K.; therefore, international investors are still identifying the potential for capital growth and better returns from core Italian product,” said Eri Mitsosterigiou, director of research, Savills Europe, in a statement. “We believe that investment demand for the