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Real Estate Market at Covid-19 test: Crisis or Opportunity?

This is the question that led us, between 16 and 18 March 2020, to administer a market survey to 7,000 Real Estate operators

Our goal has been to capture the market sentiment alive in this difficult historical moment.

Our surveys have shown a concern across all sectors, which however is offset by the desire to use this moment of crisis as a mordant and opportunity to rethink the business and optimize processes.

Although the economic measures launched by the government to deal with the crisis are appreciated by most of the respondents and one interviewee out of five thinks that everything possible has been done, a pessimistic vision pervades the 4 sectors considered; more than one in two believes that 2020 will end with a contraction of GDP of more than -2%.
The differences in the perception of the Crisis are appreciated in the consideration that operators in different sectors have of the current if compared with that of 2008.
While more than a third of Office and Retail operators are convinced that they are experiencing a time of greatest difficulty (36%), the percentage drops among Industrial & Logitics operators (23%) and falls by another two percentage points among Investors (21%).

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- Lombardy & Milan 2019 Market Report

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- Residential Market Report - Milano / Roma H1 2017

Based in over 700 locations, of which 84 Commercial offices and more than 8,500 employees worldwide, a global revenue of 506,3 million euros in 2016, Engel & Völkers is one of the world’s leading service companies specialised in the sale and rental of premium residential property, commercial real estate, yachts and aircrafts.

Engel & Völkers offers both private and institutional clients a professionally tailored range of services.

Engel & Völkers Commercial Team, aware of the strategic importance of Milan in Italy and worldwide, with an international network and the local market knowledge has at disposal a deep know-how in the sector.
With more than 20 years of success internationally in the Commercial division, with the opening of the Milan office, Engel & Völkers Commercial began operations in Italy in 2014.

The office, a few steps from Piazza Duomo, is in via dei Bossi, in the heart of Milan.

Engel & Völkers Commercial is specialized in the management of office blocks, industrial, logistics and retail spaces as well as investment and hotel portfolios.


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Engel & Völkers
Licence Partner Milano Commercial
  • Via dei Bossi 7
    20121 Milan
    P.IVA 08664240960
  • Fax: +39 02 94439390

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