Forecast: Turnover in Real Estate Activities Sector in Italy

The turnover in the real estate activities sector in Italy has experienced notable fluctuations from 2013 to 2023. The sector witnessed a mix of growth spurts and declines, peaking at 39.15 billion euros in 2016. Since 2019, turnover has been consistently decreasing, reaching 32.03 billion euros in 2023. Year-on-year variations reflect this volatility, with significant downturns in 2020 (-9.85%) and steady declines observed in the recent years leading up to 2023. The Compound Annual Growth Rate (CAGR) for the past five years stands at -2.88%, indicating a consistent downward trend.

Future forecasts suggest continued declines in turnover, with an expected CAGR of -2.57% from 2024 to 2028. The turnover is projected to decrease to 27.27 billion euros by 2028, marking a total decline of 12.21% over this five-year period.

Future trends to watch for include:

• Impact of economic recovery post-pandemic on real estate investments.
• Shifts in regulatory policies affecting real estate transactions.
• Technological advancements and their influence on property valuations and turnover.
• Market demand fluctuations driven by demographic changes and urbanization trends.