The Revenue Agency has published the statistics relating to the third quarter of 2023 as part of the Real Estate Market Observatory.

With reference to non-residential sector, about “offices” there is a growing trend in the South (approximately +19%), the Islands (+4.2%) and the North East (+1.8%), which contrasts with the decline in the Center and North West. The data relating to the average net land area also shows growth in the South, where there was an increase of 15 sqm on average. The “commercial” sector (shops and laboratories) shows an increase in trade (+0.7%), a combination of the growth in volumes for the North East (+2.1%) and the Islands (+3.7%), the slight decline in the South (-0.4%) and substantial stability in the Center and North-West.

In the third quarter of 2023, the tertiary-commercial sector is growing, which includes “public offices”, “hotels and guest houses”, “credit, exchange and insurance institutions” and “buildings intended for special commercial needs”. The trend change in the segment is 9.6%, driven by the notable increase of 47% observed in the Centre of Italy, in contrast with the slight decline in the areas of the North West and the Islands. In the tertiary-commercial sector, Naples and Genoa are the cities that see an increase in sales volumes, with rates of 21% and 8.4% respectively. As for “shop and laboratory” transactions, with the exception of Milan and Turin, growth is observed in all the other cities, in particular in Naples and Palermo, both with a rate just over 22%.

For the production sector, in terms of volumes traded, the Northern areas remain the most important with a share of over 65% of the total. Sales in the production sector increased by 5.8% in North Eastern Italy, where volumes increased by 5.8%, in contrast with all areas of the country.

There was also growth in the NTN in the capital municipalities of the Center of Italy (+4.0%). Then, the North West is still the most significant market with 9,062 trades, while the Islands are the smallest with a number of trades equal to 2,898; the volumes of the South, Center and North East of Italy are similar, so wide room for improvement.