Dopo la fase di rallentamento osservata tra il 2022 e il 2023, il comparto ha intrapreso un percorso di recupero che, nel terzo trimestre dell anno, sembra aver raggiunto una maturità più strutturale. L attività transattiva si è mantenuta sostenuta, riflettendo una rinnovata fiducia da parte degli operatori istituzionali e un crescente interesse dei capitali privati.

After the slowdown observed between 2022 and 2023, the sector embarked on a recovery path which, in the third quarter of the year, seems to have reached a more structural maturity. Transaction activity remained sustained, reflecting renewed confidence on the part of institutional operators and growing interest from private capital.

The sectoral composition and geographical distribution of investments confirm an increasingly selective market, oriented towards quality assets, urban regeneration projects and strategies consistent with ESG principles.

Protos’ Outlook Real Estate Q3 2025 analyses the main market trends in detail, offering an updated picture of the performance of the various sectors (offices, logistics, retail and tourism/hospitality) and the outlook for the coming months.

Discover all the data and analysis in the new issue of Outlook Real Estate Q3 2025.