Forecast: Production of Real Estate in Italy

The production of real estate in Italy has shown a mixed trend over the last decade, with modest growth interspersed with occasional downturns. From 2013 to 2019, there was a steady increase, averaging at a CAGR of roughly 1.27%. The sector faced a notable decline in 2020 due to external factors, but rebounded quickly in the following years. By 2023, the production stood at 260.86 Billion Euros, marking a 1.37% year-on-year increase from 2022. Moving forward, the yearly variations suggest a consistent upward trend, albeit at a slower projected 5-year CAGR of 1.09% till 2028.

Future trends to watch for:

- Impact of digital transformation on real estate market practices

- Government policies and incentives to boost housing and commercial properties

- Changing buyer preferences driven by sustainability and technological advancements

- Global economic conditions and their potential impact on investment flows into the Italian real estate sector