How is the real estate market changing?

Investors are there and continue to invest, the relationship between supply and demand has not changed and Milan continues to guide other Italian cities in the real estate sector. These are the data that emerged from the first post lockdown investigations that aimed to study the consequences in the real estate market. The residential sector shows no signs of stopping, on the contrary it is perceived as the safest for investments, especially in a context of general uncertainty. The same is true for the logistics sector: growth of 40 million was recorded compared to the same period of the previous year, thanks to continuous investments also during the lockdown period. The asset classes of the retail and hotel sectors also show good and growing performances compared to 2019. Milan, as regards the office sector, once again holds the record with 72% of the total investments made. As for the relationship between supply and demand, the situation in Milan has not changed. The demand is there and the offer does not keep up. And the recovery of interest in mortgages, determined by interest rates at the lows, only accentuates this gap. In fact, in June there was an increase in mortgage applications of 13.3% compared to the same month in 2019. The strength and role of driving force that characterize Milan, as Mario Breglia, president of Scenari Immobiliari also states, have not been affected in the least by Coronavirus. The city continues and will continue to confront other European realities as peers. And the investments with a view to urban transformation and redevelopment, which have not stopped due to COVID-19, only attribute more and more value and relevance to the Lombard capital.