The real estate crisis is over, and it’s the best time for those who want to buy a house

Real Estate Agency Bergamo – The real estate crisis is over, and it’s the best time for those who want to buy a house.

The end of the real estate crisis

“This forum,” says Mario Breglia, “is the most interesting of the 24th editions, aptly named the New World. We analysts and operators see a completely different situation than before. And we need to understand what will happen. It can certainly be said that the real estate crisis is over.

“For over a year now, all indicators have been positive. Transactions have increased, prices are not decreasing except marginally, and demand—especially for the residential sector—is on the rise. Negative data is behind us.” These are the best months for real estate investment because there is a good supply in the market. Prices are stable, and average values have dropped by 20% in the last ten years.

The South of the Country, “small but solid”

The Southern market has the advantage of being small and solid. There aren’t many transactions, but values are stable. The problem for Southern cities, which is a common issue in many Italian cities, is the demographic decline, whether due to a low birth rate, lack of immigrants, or emigration. Without stimulation, the primary demand from new Italian and foreign residents, the market is depressed, leading to lower property values.

Securing real estate assets

One of the most current topics is undoubtedly the security of real estate assets after the earthquake that devastated Central Italy. According to Breglia, “We have had all the regulations for over twenty years on earthquake-resistant buildings, but there is a problem of controls. The problem is that most of our heritage is old, of great value, and it is impossible to transform it in an earthquake-resistant manner. We can work on prevention, on knowledge, but not on real estate assets.”

A look at the rest of Europe

Which European markets are the most vibrant right now? “Certainly the Spanish one, which emerged strongly from a severe crisis, and the Greek one, which, despite economic weakness, is holding up and attracts investors from other parts of Europe.”

“The German market is also growing because they are addressing the immigration issue seriously. In recent months, the German government has provided incentives to build 160,000 homes, and two-thirds of these will go to immigrants. And this sets the market in motion. For us, it is still an emergency and a political clash, but when we understand that it is also an opportunity, not only for us but for the country, we will become more skilled.”

What is still missing from our market? Certainly, economic tranquility, political tranquility, family tranquility, which leads to more children, and tomorrow we will have more houses.