Bricks and mortar have always been a safe and, above all, widespread form of investment, but what is happening in the Italian and especially Campania economic panorama? Let's try to understand it by looking at the numbers of this sector.
A thriving sector, which however is still paying the price of the Covid 19 pandemic to which is now added that of the war between Russia and Ukraine. We are talking about the Campania real estate sector, which has trends and operations similar in many respects to the national one. An economic segment that has always been considered a safe investment, a stable asset in which to invest one's savings. But is this really the case? Let's try to understand it together by first analyzing the numbers.
The Revenue Agency, for example, in its regional statistics for Campania published in 2021, highlights a natural and expected decline in the volume of real estate sales between 2019 and 2020. It dropped 11% in one year, with just over 31 NTN (normal economic transactions). The province with the highest volume of purchases is obviously Naples (with over 16 transactions), followed by Salerno (about 6.500) and Caserta (just over 5.000). Avellino and Benevento bring up the rear, both with under 2 purchases.
Other important numbers are those analyzed by WikiCasa , which shows the average price of homes in Campania: in March 2023, an average of 1.187 euros per square meter was asked, up 4 percentage points compared to March 2022. Higher values once again in the province of Naples, with 1.946 euros per square meter, and in Salerno, where 1.479 euros per square meter are paid.
Given this, is it still worth investing in real estate in 2023? According to data reported by Moneyfarm, yes, since on average, property prices have remained stable over the last 10 years for at least 67% of Italians. The real estate market, in short, is still a segment where excellent deals can be found, especially when you have secure capital and the ability to operate, but there are risks involved. For this reason, many experts are directing investors to other financial markets rather than real estate investments.
Yet, brick continues to have its charm and above all its yield. A speech valid in Campania as well as in the rest of Italy.
