The turnover of real estate in Italy has shown substantial fluctuations over the past decade. Peaking in 2016, it experienced several ups and downs, notably dipping to 34.77 billion Euros in 2020 due to the COVID-19 pandemic. The most recent actual data for 2023 stands at 32.03 billion Euros, with a year-on-year reduction of 2.97%. The average compound annual growth rate (CAGR) over the last 5 years is -2.88%, showing a consistent decline.
Future projections indicate that turnovers will continue to decrease, with an expected 2028 value of 27.27 billion Euros. This represents a 12.21% reduction and a forecasted 5-year CAGR of -2.57%.
Trends to watch for in the future include:
- The impact of technological advancements in property management and sales.
- Demographic shifts influencing housing demand.
- Government policies affecting the real estate market.
