PWC – Real Estate Market Overview, 2024

The Euro area economy has faced stagnation due to restrictive monetary policies and inflation, but recent positive developments suggest a potential turnaround. GDP growth exceeded expectations in the first quarter of 2024, and disinflation has led to a decline in the inflation rate. With wage growth and a resilient job market driving consumer purchasing power, domestic demand is expected to grow. Central banks are adopting a cautious approach in response to economic and political uncertainties. The European Central Bank has begun monetary easing to support recovery and stability. The spread between Italian and German bonds has decreased, attributed to the German economy contraction and Italian economic growth. The global economy is experiencing disinflationary trends, prompting the ECB to ease monetary conditions to support economic stability and recovery.