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Summary and extracts
1 Market Overview
1.1 Definition and scope of the study
Real estate development activities consist of designing, building and selling real estate. This activity must be distinguished from land development activity, which develops vacant land. Thus, real estate development includes all means and actions implemented to acquire land, construct a building, and finally have it acquired by a client.
The real estate development market can be segmented into:
- Properties intended for housing (condominium, single-family home, etc.).
- Properties intended for business (offices, restaurants, stores, warehouses, factories, hotels, etc.)
- Recreational and/or public properties (gyms, swimming pools, stadiums, hospitals, city halls, etc.)
In Italy, the pandemic has caused a slowdown in market growth.
Developer turnover (by volume) is mainly measured by owner-occupied housing and investment. However, developer turnover depends on several factors, including private and public sector demand, the level of government subsidies, the loan rate granted, or the financial situation of households for private home purchases.
Recently, the warehouse segment is booming as demand for office construction is showing lower rates.
In terms of sales in 2020, investment volume decreased by 29 percent from the previous year. Foreign investment also dropped from 69% to 59% of the total.
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the real estate development market | Italy
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