Analyzing the turnover of buying and selling of own real estate in Italy, we observe that the figures showed fluctuations between 2013 and 2019. The turnover peaked in 2013 at 8.29 billion Euros, then declined with some recovery until 2019. However, from 2020 onwards, the values have dropped significantly, reflecting a consistent and sharp decline. By 2023, the turnover stood at 4.64 billion Euros.
The year-on-year variations over the last two years show a significant downward trend with a decline of 14.61% in 2023. The compound annual growth rate (CAGR) over the past five years displayed a steep average decline of 9.48%. The forecast indicates that by 2028, the turnover is expected to plummet to almost negligible levels, with the five-year CAGR from 2023 forecasted at an extremely negative 65.8%.
Future trends to watch for include potential impacts from ongoing economic factors, real estate market regulations, technological advancements in real estate transactions, and shifts in consumer behavior which could either mitigate or exacerbate the decline in real estate turnover.
