Italy Capital Markets Market Dynamics, Q2 2024
Summary and analysis of Italy's current capital markets conditions.
- Francesca Fantuzzi
- Alberico Radice Fossati
- Claudia Bisignani
In H1 2024, Capital Markets investments in Italy amounted to approximately EUR 3.5 bn, +66% YoY, including developments and share deals, with International capital contributing to 55%.
The office sector was the highest in terms of volume, but the greatest growth was in hotels and retail. In terms of location, Rome experienced significant increase, balancing out with Milan.
Prime yields have reached an equilibrium at the top of their cycle with downward movements in yields likely to begin to emerge next year. Prime yields are 4.5% in Milan and 4.75% in Rome for offices; 5.5% net-on-net for Logistics; 6.5% for Shopping Centres and 4.25% for high street retail; 5% for Multifamily and 6% for Healthcare.
