Real Estate News - September 2021

Real Estate News - September 2021

WeAgentz, for the readers of its real estate blog, also collected in September 2021 the main news of the sector that appeared over the days on the main national newspapers: stay up to date on what is happening in the world of real estate, both in Italy than abroad. This is possible thanks to the usual weekly and monthly column dedicated to real estate professionals, licensed real estate agents and more generally to all real estate enthusiasts in Italy.

The summer, hotter than ever, is now almost closed, with many real estate agencies that have found excellent signals and feedback from the market, certainly still uncertain but in constant fibrillation for many reasons: the right time to buy, both new and used properties, given by mortgages and house prices both at historic lows; the introduction of important incentives such as Eco bonus and Sismabonus, which promise to revolutionize and give a decisive boost to the real estate sector in the coming months, especially the existing one that is now obsolete to be renewed at affordable costs for every segment of the population. The lockdown is now forgotten, but we still need to keep an eye on the contagion curve continue to comply with the regulations on social distancing even within real estate agencies, to avoid – as far as possible – a resurgence of the still fearful Coronavirus.

The news of September 2021 week by week

First week
Second week

Third week
Fourth week

First week:

  • The real estate sector in crisis, but subrogations and replacements are flying. Sales and disbursements of mortgages for the purchase of their first home are on the decline: Italian families are not yet fully aware of the repercussions that the current crisis will have on their spending capacities. ( Future )
  • Second houses “ballast” for many Italian families: one in five families owns a second home, which is often devalued. We are talking about 16% of the entire real estate assets owned by individuals, which in many cases does not allow the recovery of costs and taxes. ( Tiscali News )
  • The luxury real estate market is a business for foreigners: according to the Coldwell Banker report, current prices in Italy are on average at an all-time low of the last 20 years. Among the main buyers are the Americans, then the Germans and the British. ( Northeast Economy )
  • Milan, the effects of the lockdown on the real estate market are weighing, especially that of used and non-central homes: in the 1st quarter of 2021 there were 4,936 fewer sales contracts (-19.3%), but experts say that the recovery it will not be long in coming. ( Immobiliare.it )
  • Google and real estate, here is the green and super tech district: Middlefield Park, a few steps from the headquarters, will have few parking spaces, lots of greenery and open spaces. 1850 housing units and almost 3 thousand square meters are in the pipeline to be allocated to clubs, restaurants, bars and shops. ( Startup Italy )
  • The British brand Ben Sherman enters real estate: the partnership with the real estate company Brands Lab International will be based on Ben Sherman’s experience in the “lifestyle” product lines. The checked shirt brand aims to diversify its activities. ( Fashion Network )
  • Villa Corcos-Sordi is for sale at a price of 6 million euros with Engel & Volkers: the mansion from the end of the 19th century belonged first to the painter Vittorio Corcos and then to Alberto Sordi, located on the heights of Castiglioncello (Maremma Livorno) and built-in peak on the sea. ( Italian Stock Exchange )

Second week:

  • The Idealista real estate portal changes hands with a 1.3 billion fund operation. The agreement was signed by the Eqt IX Fund, which takes over the shares from Apax partners. Founder and president Jesús Encinar retains the majority and will continue to lead the company. ( The Republic )
  • Superbonus 110%, 38 documents are required in the event of a credit transfer. In order to renovate a property using the law, the bureaucratic commitment to the bank is strong, but the solution should allow you to carry out the work for free. ( Tiscali News )
  • On average, it takes 9.3 years of salary to buy a house in Rome, which is a sharp decline compared to 2009 (13.6 years). According to the analysis of the Tecnocasa Group, in the first place is Milan (11.1 years), third Florence with 9 years and fourth Bologna with 7.8 years of salary. ( Roma Today )
  • What future for offices after Covid-19? According to JLL, the need for physical meetings for work purposes will grow, along with the need for exchanges with colleagues: this will lift the office sector, after the 30% collapse of the market in the first half of 2021. ( Immobiliare.it )
  • Real estate in 2021 drops by 15.2%, the rebound will come next year. The Outlook of Scenario Immobiliari takes stock of the trend in the turnover of the sector in Europe: investments are holding up in the face of the crisis and the recovery would not be far off. ( Il Sole 24 Ore )
  • The map of the properties auctioned by Inhibit: there is time until September 30 to bid on the company’s properties. For sale 300 real estate units and 13 buildings, including homes, shops and offices, for a starting value of around 120 million euros. ( idealist )
  •  Salerno, the platform for the rent notice reopened: good news from the Municipality for citizens who have submitted applications, considered anomalous, for the Notice of support for the rent of the main house, set up for the Covid-19 emergency. ( Salerno Today ) 

Third week

  • The strong impact of Coved, but the markets of Milan and Rome resist. This was stated in a report by Engel & Volker’s and Nomisma, according to which the relaunch of the economy in the second half of the year will be crucial, in search of renewed stability in the real estate sector. ( Engel & Völkers )
  • Sismabonus, asseveration not contextual to the request for the qualification allowed: it will be possible to take advantage of the tax deduction for the purchase of properties in the seismic area, but the asseveration must be made by the company by the date of signing the deed. ( Teknoring )
  • Real estate crowdfunding in the world is worth 20 billion euros. The figure emerges from the third edition of the Real-estate crowdfunding report 2019, drawn up by the Politecnico di Milano in collaboration with Walliance and Dwf Italy. The various platforms surveyed reached 144. ( Today )
  • Quinta Capital buys Garnell Sgr and aims at credit funds and private equity: the independent company Quinta Capital Partners Srl has acquired 100% of Garnell Sgr, an asset management company established in 2015, giving life to the company Quinta Capital Sgr. ( BeBeez )
  • Redevelopment of Torri Eur, CDPI gives a lease mandate to JLL. Received from CDP Immobiliare, a company of Cassa Depositi e Prestiti, the exclusive mandate for the rental of the offices of the EUR Towers in Rome. Maximum levels of sustainability and energy efficiency are expected. ( ANSA )
  • The race towards the sky of Milanese construction continues: what are the new skyscrapers in Milan, from the Park Towers in via Feltre to the Nido Verticale and East Uptown. Peak sales in the “vertical” residential area, among the offices there is an expectation for the A2a headquarters (145 meters) and other skyscrapers. ( Corriere della Sera )
  • Hines, Marc Sampietro is the new residential manager. The real estate giant, with offices in 214 cities in 24 countries, has appointed the new Director of Living Operations for Spain and Italy. Hines’ strategy aims at expansion and is strongly oriented towards the Living. ( Real Estate Monitor )

Fourth week

  • Real estate market, house prices rise. According to Istat, in the 2nd quarter of 2021 the house price index (IPAB) increased by 3.1% from the previous quarter and by 3.4% compared to the same period of 2019 (it was + 1.7% in 1st quarter 2021). ( Italian Stock Exchange)
  • Milan tries to remain a magnet for real estate investments: in the last 15 years, massive international resources have converged, with the projects of the archistars. Milan alone collects as much as the rest of Italy, but it is necessary to rethink the spaces to remain attractive. ( Corriere della Sera )
  • Urban regeneration fly for the revival of the economy. Abbess of Hines argues the importance of putting real estate back at the centre, as well as the Recovery Fund as an opportunity for the economy. The interest of international investors in Italy is always strong. ( ANSA )
  • Crowdfunding to restore value to NPLs: lending crowdfunding embraces the blockchain with a new all-Italian project, whose mission is to restore value to impaired real estate loans. The name of the new platform is “Shared Value”, starting from 500 euros. ( Bank Company )
  • PropTech and FinTech, the real estate market in Italy changes. For some time now there has been an air of change in the real estate investment sector, with digital transformation and “PropTech” companies and startups at the centre: today there are 120 of them. ( Giornale dei Navigli )
  • New commercial partnership between Tiscali and Vivoqui: a new communication and business model of the real estate market is underway, in which Tiscali will be able to offer its users, thanks to the startup, innovative services in the field of property sales and purchase. ( Tiscali News )
  • Covid-19 changes market habits also in Spain. Interest increases in single-family homes by 18% in Madrid, but prices are not expected to drop in cities: expectations for a rapid economic recovery are high, as is demand. ( Euronews )