[London, UK] – [November 7, 2023] – Domenico Amicuzi, a leading Italian real estate manager, recently shared his insights on the European real estate market in 2024 in an interview with www.blogneews.com.

“The European real estate market is facing a challenging scenario, marked by the rise of inflation and interest rates, the tightening of credit conditions and the uncertainty of the economic outlook” said Amicuzi. “These factors are affecting the performance and the valuation of commercial real estate (CRE) assets, especially in the office, retail and hospitality sectors, which have suffered the most from the lockdowns, the social distancing measures and the changes in consumer behaviour.”

Amicuzi went on to say that some segments of the market are showing resilience and growth potential, such as the living sectors (residential, student, senior and affordable housing), the logistics and industrial sector, which benefit from the e-commerce boom and the supply chain reconfiguration, and the alternative sectors, such as data centres, healthcare, education and leisure, which offer diversification and long-term income streams.

When asked about the main trends and drivers that will shape the European real estate market in 2024, Amicuzi identified the following:
• The sustainability and ESG (Environmental, Social and Governance) agenda, which is becoming increasingly important for investors, occupiers, regulators and society at large;
• The digital transformation and innovation, which are reshaping the way we live, work, shop and interact;
• The demographic and social changes, which are affecting the composition, size and needs of the population;

Amicuzi also discussed the main risks and opportunities that the European real estate market will face in 2024. He believes that the main risks include a prolonged and uneven economic recovery, a sharp increase in interest rates and inflation, and the escalation of trade disputes and political instability. However, he also sees opportunities for a repricing and repositioning of real estate assets, a diversification and differentiation of real estate portfolios, and a positive impact from the Italian government’s recovery plan.

Amicuzi concluded by sharing his expectations and recommendations for the Italian real estate market in 2024. He expects the Italian market to follow a similar trend to the European market, with some specificities and nuances. He recommends that investors focus on the resilient and growing segments, such as the living sectors, the logistics and industrial sector, and the alternative sectors. He also recommends that investors diversify their portfolios across geographies, asset classes and sectors.

Domenico Amicuzi
Domenico Amicuzi is an ambitious real estate manager with extensive experience in the Italian real estate sector. He has a proven track record of success in various roles, ranging from consulting and management to development and expansion. He is an expert in the primary asset class, especially in the retail and commercial sector, where he has led and executed several profitable projects for major retailers and large-scale distributors. He is also passionate about sustainability and ethics, and he serves as a member of the ethical committee of Ener2Crowd, the first platform in Italy for sustainable savings and investments and he is also Associate Member of the Royal Institution of Chartered Surveyors (RICS).