The real estate sector closed Saturday on a rally, thanks to signs of recovery in the sector and the prospect of fresh rate cuts by the Fed and ECB.
The ECB and the Fed decided to go ahead with cuts.
Preliminary euro area inflation data for the month of November indicated an increase of 2% to 2.2% from the previous month, but the data was broadly expected.
Deputy ECB Philip Lane Constantly confirmed this week Upside risks to inflationDue to “many uncertainties” linked to the US, the Middle East, China and the ECB board “Meeting after meeting will continue” In explaining the path of rates, but “next year, in the absence of new shocks, this equilibrium could be achieved”.
Even Hawke’s intervention Isabel Schnabel Confirmed the need. Go easy on rate adjustments.indicating that “a Gradual approach The lifting of the (financial) restriction remains appropriate. In his speech, Schnabel acknowledged that inflation in the euro area is proceeding as expected: “A factor that allowed us to cut interest rates further in October. But the fight against inflation is still on.” Not even won.”
As for fedminutes of the latest monetary policy meeting Expectations for a new rate cut have strengthened Interested in meeting before Christmas. FOMC members agreed at the last monetary policy meeting on November 6 and 7 that economic activity is “growing at a solid pace,” while “inflation has made progress toward the 2% target, but somewhat remains high” is why American bankers believe “it will. It is advisable to gradually move towards a more neutral financial line.Over time, if the data are in line with expectations, inflation continues to move toward 2% and the economy remains close to maximum employment.”
Good tips from the real estate market
Facile.ie and Mutui.it’s latest observatory reports that Financial applications submitted online increased by 14% In light of the positive news coming from the real estate market, compared to the same period in 2023 where, according to data from the Revenue Agency, Selling the house They recorded one An increase of 1.2 percent
Give it to him USA Normal data has arrived. Selling the house (Purchase Agreements), which recorded a 2% increase on monthly basisAfter the 7.5 percent growth recorded in September. The figure compared to -2.1% expected by analysts.
The US housing market is showing growth, as he confirmed.Indices S&P Case Shiller, Which highlighted one. 4.6% growth on annual basis Down from last month’s +5.2% and consensus’s +4.7%, while FHFA Index Conducted by the Federal Housing Finance Agency, which measures U.S. housing prices, A monthly increase of 0.7 percent, After +0.4% recorded last month and +0.3% expected.
i Great BritainHowever, the Bank of England reported that i Mortgage loans are booming. 3.44 billion from the previous 2.57 billion, above the consensus estimate of 2.85 billion.
Good sector trend
The real estate sector experienced a positive week at the European level, allowingIndices Stoxx 600 Real Estate To earn 1.16% on a weekly basis, leveling year-to-date performance.
A better performance was achieved by Italy, where FTSE Italy All Share Real Estate Index It gained 12%, outperforming the FTSE MIB market index, which recorded a 0.3% decline. Since the beginning of the year, the sector has recorded +2%.
The best and the worst in the stock market
Among the real estate companies listed on Piazza Affari, the best performance is still there IGDwho scored brilliantly. An increase of about 15 percent Following the approval by the Board of Directors of a new industrial plan for 2025-2027 which provides for an investment of around 50 million euros, aimed at increasing the attractiveness of the property portfolio and reducing its environmental impact. The company also targets net income from rental activities on a like-for-like basis for growth of approximately 16% in 2027 and gross operating margin related to core operations of approximately 98 million. During the project, the divestiture of non-core assets for approximately 100 million euros is envisaged to reduce the financial leverage of the group as a whole.
They shine in this department as well. Addis (+7%) e Remedy (+5%), while on the negative side they are notable. Bruschi i (-0.8%) e Gabity (-0,7%).
