In its March 2016 European Investment Briefing, Savills noted that the prime office yield in Milan at the end of last year was 4.5%. The yield had therefore stayed contracted by 50 basis points over the course of 2015. Rental growth over the year was 0.0%. The yield from regional shopping centres was 5.5%, or 100 basis points lower through 2015. Savills notes that GDP growth in Italy in 2016 is expected to be 1.3%.

Source : Savills/Mar 2016/Milan/RET