- Italian real estate investments in the first quarter of 2023 amounted to approximately €1bn.
- Volumes across all asset classes are lower than previous quarters, but higher than predicted.
- The statistics highlight a potential for capital appreciation and a need for a secure method of transferring money abroad.
Figures regarding the real estate sector in Italy have been released for Q1 2023, showing that real estate investments in the country were worth around €1bn over the first three months of the year.
The sector outperformed predictions, despite lower activity across all asset classes compared to previous quarters. The decrease in activity comes as a result of wider macroeconomic factors, including rising interest rates over the past 12 months.
Regardless of economic uncertainty, this figure demonstrates the interest and potential in Italian real estate investments. High-net-worth individuals wanting to take advantage of overseas property markets will be keeping a watchful eye on these figures.
Making international payments and purchasing properties in Italy could provide a good opportunity for boosting an investment portfolio.
However, making international payments and purchasing properties require a safe money transfer service. By using a reliable money transfer service, investors can confidently invest in the Italian real estate market, take advantage of potential capital appreciation and achieve their investment goals.
According to the report, Logistics, which refers to real estate that deals with the logistical needs of companies, was the leading asset class.
€258m was invested into the Logistics sector in the first quarter, equating to 27% of total real estate volume in the country.
Foreign investors have reportedly held off from investing at the beginning of 2023, perhaps waiting to see if the predicted growth comes to fruition.
Giuseppe Amitrano, CEO and founder of Dils, a leading Italian real estate company, suggested that investors should be “adopting a long-term view, taking into account the main innovation drivers of the coming 10 years”.
He stated that the green transition and hybridisation of spaces will be crucial in the medium to long-term future.
If you are interested in boosting your investment portfolio through overseas property markets, this could provide a good opportunity. Overseas investment into the Italian real estate market is holding strong, despite the impact of external factors.
Making international investments, especially in property, requires the use of a secure, trustworthy money transfer service. Use our money transfer comparison tool to find the best rates available.
