Real estate, forever, it is one of the most driving sectors of our economic system, as in Italy home ownership has always been considered a must have.
The citizens who want to have it know it, the banks that provide mortgages, the agents who support the brokerages, but above all, all those real estate entrepreneurs who not only build properties from scratch know this, but which provide for their restructuring and redevelopment.
Fifteen hundred real estate entrepreneurs have gathered since 29 September to October 1st in Milan at the first edition dell’International Real Estate Symposium where experts and professionals addressed all the topics of the sector, gave proptech, to short-term rentals, dall’interior design, allo smart building, intelligenza artificiale, crowd investing, constructions, renovations by delving into both the Italian and international markets.
On opening day, after the welcome of Andrea Maurizio Gilardoni, as host and organizer of the event, a round table was held where Marco Grumetti, vice president of FIAIP – Italian Federation of Professional Real Estate Agents, Marco Celani, president AIGAB – Italian Association of Short-Term Rental Managers, Stefano Betti, Vice President ANCE – National Association of Home Builders, Luisa Crupi, COO of Abitare Co., Vincenzo De Tommaso, PR & Communication Manager at Idealista, Andrea Maurizio Gilardoni, business owner, trainer and business angel, Michele Mongello, general director of Gilardoni Corporate, moderated by Jole Saggese, editor-in-chief of Class CNBC, examined the Italian market from their respective points of view, dealing with current uncertainty, legislative issues regarding short-term rentals, the impact of the superbonus and its extensions, increases in interest rates and changes in prices.
The market today
After overcoming the volatility of the real estate market during the pandemic, we are starting to observe a phase of normalization of supply indices, request, prices and mortgages. However, the increase in interest rates is slowing down the market and in the summer quarter there was a decline in 0,8% of real estate “used”.
The dominant message that emerged is that to respond to these changing needs, Soft skills are needed in the real estate sector. Today, in addition to the property, it is necessary to build customized solutions that meet the specific needs of families, often made up of just one person. In addition, there are important issues related to sustainability objectives, such as the review of Case Green Directive, which requires an adaptation of the 15% of the building stock to the current class D by 2033.
The next generation of buyers is attracted to housing options “new”, that best meet their needs and avoid the problems associated with renovating existing properties. .
Real estate agents and investors can adapt to the current situation by offering specific housing solutions to meet customer needs. The most requested types of homes are three-room apartments 60 and the 100 mq, sometimes even two-room apartments.
The future of the market therefore seems fragile due to decreasing purchasing power and other social factors, such as demographic decline and changes in society itself.
Future trends
The InContatto Real Estate Observatory conducted an engaging qualitative analysis 857 participants to identify future trends in the real estate sector through interviews, testimonials and surveys. It emerged that the common values of the interviewees include ethics, the common good, environmental sustainability, professionalism, honesty, transparency and foresight.
A new mentality is developing that promotes a better relationship with nature, integrating biophilic concepts into interior design and architecture. This trend is combined with the concept of microliving, which aims to optimize living spaces. An evolution of family units and their housing needs is thus expected, with an emphasis on energy efficiency.
The technological revolution, comprese le startup proptech, offers new tools to facilitate professional and investment opportunities in the real estate sector, including alliances with large players in the sector and the use of new professions specialized in innovative technologies such as home automation, smart buildings and energy monitoring.
Crowd investing
Finally it was the turn of CrowdInvesting, dove Matteo Conti of the respective Observatory of the Polytechnic of Milan, he said that this investment system has reached a value this year +40% compared to the previous period.
Alex Gaetani
Source: Press Release “International Real Estate Symposium”
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