The volume of real estate investments in Italy in 2022 is close to 12 billion euros, an increase of 20% compared to 2021. The remarkable performance is driven by the first three particularly brilliant quarters, which recorded about 9.7 billion euros, almost equaling the volume of the entire 2021, which was followed by a last quarter of the year, equal to 2.2 billion euros, in contraction. The asset class preferred by both domestic and international investors remains that of offices, which in 2022 totals transactions for 4.6 billion euros (with Milan in the lead attracting 79% of total volumes) and a growth of 103% compared to 2021, of which about 800 million euros were invested in the last quarter. The uncertain economic context continues to direct investment decisions towards "core" type offices for which, however, there is an increasing prime net yield. Nonetheless, the absorption results were impressive, especially for the new generation products. Logistics is the second leading asset class in the market in 2022, attracting 24% of the total volumes invested (2.9 billion euros), with a growth of +6% compared to 2021.
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