Real Estate & Commercial News in Italy from Propertyshowrooms.com

Returns on Italian property fall

Fri, 13 Apr 2012 00:00:00 GMT

The income generated by commercial property in Italy fell in 2011, compared to the previous year.

In its Italy Annual Property Index, IPD revealed returns for investors on such real estate assets came in at 4.3 per cent last year, down from the 5.1 per cent recorded in 2010.

The organisation noted income return - which stood at 5.8 per cent - was the main driver behind the industry, as capital values dropped by 1.5 per cent in the same period.

Retail was the strongest commercial property sector in the country, posting overall gains of 5.5 per cent, followed by industrial assets and offices.

Neil Turner, head of fund management at Schroders, told Financial News last month that retail assets in the north of the nation should be on investors' radar this year.

However, Luigi Pischedda, country manager Italy at IPD, urged caution, noting that despite the performance of Italian commercial real estate being "encouraging", the figures need to be "read carefully in the context of recent years".

He highlighted the "further and faster capital declines" experienced in 2011 as an example of this, adding conditions in the Italian property market weakened towards the end of the year.

Progress in move to save Alitalia

Mon, 15 Sep 2008 00:00:00 GMT

Four of Italy's main unions agree to a new plan to save airline Alitalia, but pilots and cabin crew do not back the package...

LaSalle opens for business in Milan

Wed, 9 Jul 2008 00:00:00 GMT

LaSalle Investment Management has opened an office in Milan as it looks to expand its presence in Italy...

EU court rules against Alitalia

Wed, 9 Jul 2008 00:00:00 GMT

The EU's top court rejects an appeal by struggling Italian airline Alitalia against conditions for receiving state aid...

Milan seeing new development

Wed, 11 Jul 2007 00:00:00 GMT

New property developments are set for Milan, expected to provide a significant boost to the city and attract buyers to the region at large.

Under new plans for Italy's second largest city, residential and commercial property will be developed, offering infrastructure benefits to the local economy as well as new scope for businesses and individuals.

Foreign investors can expect new opportunities in Milan in the coming years, while increased property supply may also result in increased demand overall. Roberto Talotta, country manager at international property consultants EC Harris underlines the need to meet new demands.

"The challenge now is to provide residential property, high quality office space and infrastructure that the new economic circumstances demand," he explained to the International Herald Tribune.

Meanwhile the Association of International Property Professionals argues that rural Italy remains popular among UK property investors due to the appeal of traditional Italian living.

Calabria has been highlighted as a high-demand area in this respect.