Overview
Italian economy, similarly to any other European economy, has been dependent on the implementation of the vaccination campaign during the first half of the year. The gradual re-opening, specially during the second quarter of 2021, led to a quarterly +2.7% GDP growth.
Regarding the Italian real estate market, the impact on the different real estate sectors was very diversified: while hospitality set negative records with unprecedented drops in touristic arrivals and room occupancy, the residential sector held on, performing better than expected in terms of transactions; the logistic segment is the one who looks better, with a growing trend that strengthened even further in 2020 and 2021.
