ITALY - Italy real estate outlook 2023

The 30th Forum of Scenari Immobiliari, "The Future is Now", which took place in September 2022, has provided an outlook of what could be in store in both the Italian and European real estate markets in 2023. Almost all forecasts for the real estate sector have strong hopes of good recovery: in Europe, 2022 turnover has increased by about 10% in one year, while it has also been an excellent year also for the Italian market, which will close 2022 with a predicted turnover of 140 billion euros (+9.9%). This is the European and Italian real estate outlook 2023 according to Scenari Immobiliari.

We are currently observing positive forecasts for the Italian real estate market, although declining for 2023, with +6.5 per cent to 148 billion euros (2nd place among the top 5 European real estate markets).

Forecasts for the end of 2022 in the EMEA region are instead between 320 billion and 305 billion euros, a drop of between 10 and 15% compared to 2021, which closed with around 360 billion euros. Over the past 12 months (June 2021 to June 2022), the total investment volume in Europe reached a record 387.3 billion euros, 35% higher than in the period from 2020 to 2021.