Overview
After significant 6.6% increase in 2021, Italy’s GDP growth is expected to be negatively affected by the Ukraine-Russia war. Hence, the GDP growth should reach 2.5% in 2022.
Italy’s real estate market confirmed the growth experienced in the last months of 2021. The residential sector has consolidated its momentum, increasing 12% QoQ, reaching 181k transactions, and a YoY increase of 20k units.
The hospitality segment, with +€670m transacted (37% increase YoY) has proven itself as an active and highly appealing segment, as international tourist arrivals during 5M 2022 have been 45.8% higher than 5M 2019.
We hope you find it interesting and helpful.
