Editorials

The crisis can lead to change, if we all change together. We will never emerge from a profoundly difficult moment by waiting for “someone” to reverse the trend and change the current direction of things. This realisation represents a fundamental turning point, also for the Real Estate community which recognises EIRE as a fundamental business appointment. Today the main road to change is represented by the enhanced value of property assets: an inventory of which the public portion alone is estimated at approximately 368 million Euros, split between the State, Municipalities, Provinces... [MORE]

Leo Civelli, how the consumer crisis is impacting on the performance of the retail sector in Italy? What is your impression about it? "Over the last few months there have been various risk factors that may directly impact on the retail sector: the consumption of the Italian population has gradually reduced and according to the latest figures we see a drop in sales of retail also with regard to food; consumption shrank but less than the family income and this has been possible only due to the reduction in savings; inflation has returned to growth leading... [MORE]

Consumptions to pump up real estate Giuseppe Roma, Censis’ General Director T he consumption crisis has reached levels that were utterly unthinkable just a few years ago. The Italian middle class is currently under pressure for two main reasons: they have to repay now with high interests what in the past the public sector has provided senselessly, and moreover the generational turnover doesn’t have sufficient income capabilities to make a difference. Therefore tax pressure and a change in the social composition are to blame for the fall in the spending capacity... [MORE]

It is widely agreed that real estate investments are intrinsically and necessarily long term or at least medium term. In fact investment vehicles containing real estate property were – originally – aimed at making real estate more “liquid”, i.e. quickly disposable in case of need, and not at converting real estate into a short term investment.This was apparently forgotten during the many years in which the dynamics of the financial markets were generating short-term gains, often unrelated to the underlying assets, to an extent that came to be considered as structural... [MORE]

It could be the right moment to invest in Italian Real Estate, both directly both indirectly, mostly if we can assume that the volatility of the European architecture is going to moderate in the next future.
Considering the main submarkets (Milan, Rome, Naples, Turin), the Italian market proved to be extremely resilient all through these five years of crisis being probably naturally protected by some “scarcities”: territory, building permits, social consensus. It’s always very difficult to produce new product in the most important cities of our country. And this circu... [MORE]

The climate we are currently experiencing is not only difficult, but also unique to recent Italian and European history. The current situation tells the story of an economic model based on finance, which for too long has considered individual profit as its only objective. Unfortunately the face and identity of those responsible for exhausting this system are unclear, whilst the impoverishment and loss of economic and cultural assets, are tangible.


Italy, as with many other European countries, has found itself at the centre of this earthquake, and Real Estate is undoubtedly... [MORE]

The Scientific Committee of EIRE - Expo Italia Real Estate, Italian Real Estate’s largest international event, met last Monday at the WJC - World Join Center [Ge.Fi SpA offices]. Sixty of the most important industry players participated in the meeting, which involved the presentation of the States-General of Real Estate at EIRE 2011 (from 7th to 9th June, Fieramilano). The urgent summons by the EIRE Scientific Committee was instigated by a variety of recent events, the result of which has been the fragmentation of the Italian Real Estate... [MORE]

"The question, related to the real estate sector, obviously calls for reflections rather than definite answers. It would be in fact rather complex and, on the whole, somewhat sterile to comparatively expatiate on the opportunities of our country compared to other geographical areas of the world. Each country has its own specificity and for this reason can offer opportunities that are not simply comparable. It would be easy, but largely restrictive, to just compare economic and income indicators that would require, in order to be correctly interpreted, coefficient adjustments to t... [MORE]

November 23th 2010 – 10.00 AM

Pinacoteca of Bologna Via Belle Arti n.56 the Agenzia del Demanio, in cooperation with the City of Bologna and the Ministry of Cultural Heritage, is organizing a Meeting finalized to illustrate the sale of the “Sani”, “Masini” and “Minghetti” Barracks part of the PUV Bologna redevelopment project.

10.00 AM  Guest registration
10.30 AM  Participations:

- Agenzia del Demanio – Operation Department: Paolo Maranca... [MORE]

Reag is a company that offers across-the-board services in the real estate sector. Specify which services these are and to what type of user they are addressed?

"REAG – Real Estate Advisory Group – offers professional and independent specialist consulting to the real estate sector. Over time REAG has established itself in the fields of valuation, property consulting services, proposing innovatory services answering the changing market exigencies: services in the environmental sector, in particular regarding the Green Building, services f... [MORE]

As 2009 came to a close, international and Italian real estate operators found their balance sheets telling of a difficult year of stasis. But the news has begun to change now, and the word "recovery" is starting to be heard as often as the word “crisis.” This year of changes saw radical transformations in the market and its dynamics, no doubt, and even in some of its main players, and the sector has taken new directions that will never again become as distorted as those seen in past years. Talk of recovery is in the air, even if the recovery is sure to be long and difficu... [MORE]

Daily RE Italy originates from two assumptions: the first is that Italy is one of the most interesting markets for Real Estate's international investors. Since 2002, Quotidiano Immobiliare is the online journal that reports all the news and offers from the Italian Real Estate system, and which is now recognized as the first daily information source in the Italian market.

And this is the second assumption. Throughout the years, Quotidiano Immobiliare created a network of on-line journals covering every sector of the market (tourism, logistic, retail, real estate finance, green building,... [MORE]

MUMBAI (Reuters) – India’s property market could see lower prices and a pick up in business activity lifting demand in the near term, but new supply will keep a lid on rises in property values, a top industry official said on Tuesday.

“In India, demand is holding up relatively better as the economy is still growing. Commercial property is stabilising, but residential has seen a bounceback,” Alastair Hughes, chief executive for Asia Pacific at property services firm Jones Lang LaSalle (JLL.N: Quote, Profile, Research), told Reuters in an interview.

But... [MORE]

-Quelle a été la réponse (en chiffres) des opérateurs dans cette première édition du Mipim Horizons?
"La première édition du MIPIM Horizons a réuni plus de 1 200 participants, représentants 69 pays, dont 200 investisseurs, avec un total de plus de 100 stands."
-Combien de pays étaient présents et quels ont été les pays les plus représentatifs ou le plus émergents? Quel est le continent le plus représenté?
"69 pays étaient à Cannes pour le MIPIM Horizons. Les 10 pays les plus représentés furent : France, Maroc, UK, Fédération de Russie, Ukraine,... [MORE]

Occupier sales and leasebacks of buildings are a relatively untapped source of corporate funding in Europe and could hold the key to a revival in commercial property trading, a leading property advisor said on Thursday.

“The reality is that for a corporate, sale and leasebacks are non-repayment sources of capital at rates that can be below layers of their borrowings from banks,” said John Wilson, head of corporate strategies for CB Richard Ellis(CBRE), the world’s biggest property services firm.

With debt and equity markets in turmoil, corporate sales and leasebacks were a record 21 percent of all commercial property buying and selling in Europe in the first half of 2008,... [MORE]

Italian house prices are stable and unlikely to fall in coming months despite a slowdown in sales, but lower quality shops and offices are under pressure, the head of a property think-tank said on Wednesday.

Analysts say structural reasons will prevent a major downturn in Italy’s housing market, even though problems in the commercial property sector recently forced bank Intesa Sanpaolo (ISP.MI: Quote, Profile, Research) to pull the listing of its real estate unit and led to a profit warning by property company Aedes (AEDI.MI: Quote, Profile, Research).

“I would assign a 70 percent chance to a scenario of stable house prices in the second half of 2008,” Scenari Immobiliari... [MORE]

The big question on everyone’s mind when it comes to the U.S. real estate market is whether or not we have hit bottom. The answer is that nobody knows for certain. What we can say for sure is that we are at a significant low point and there are deals to be made. Right now, good deals are popping up all over the place. So the real question is, how can you take advantage of this opportunity? The easy answer is that you will make money through buying well, which means buying something that is well located and well priced. Preferably it is a place that needs a little TLC (not a lot, just a... [MORE]

With the dollar sliding against the Euro and other currencies, the U.S. real estate debacle is presenting huge opportunities for sales to overseas buyers.




As my Irish mother used to say, there is no ill wind that doesn’t blow something good to someone. This is clearly the case of the shrinking U.S. dollar.

A declining dollar is a mixed blessing. On the one hand it reduces the power of U.S. investors (and tourists) overseas. On the other hand it’s a boon to U.S. exporters, since it makes our products cheaper overseas. It also makes our real estate cheaper for buyers from abroad. That is good news in today’s real estate environment, since foreign buye... [MORE]

DOWNLOAD ENGLISH VERSION OF THE BOOK

 

"The birth of this book is the logical evolution of
the formerly titled “1995-2005. Real estate, an Italian miracle”, where it was analysed the prodigious evolution of the Italian estate system during the last decade from 1995 to 2005. A real miracle if we think about the previous uncomfortable position of the sector, unable to hold the comparison not only with the international
competitors, but also with other industrial sectors and some Italian services. We m... [MORE]

Global real estate investment is leaving behind an era of above-average returns and is set for leaner times but it will start to recover in 2009, according to RREEF, Deutsche Bank’s (DBKGn.DE: Quote, Profile, Research) alternative investments arm.

“There is some justification for the media hysteria but what we are seeing is a cyclical correction not the end of the asset class,” Peter Hobbs of RREEF said in a telephone interview ahead of a speech on Friday at a Reuters Real Estate event.

“We are expecting a cyclical slowdown, especially in more volatile and overpriced markets such as London, Madrid, Hong Kong, Singapore, Phoenix, and San Diego, but the long-term picture r... [MORE]