Severe drop in consumer confidence driven by future expectation and economic environment
COVID 19 containment measures halt consumption and focus consumer expenditure on essential goods.
Good performances for the grocery sector local groceries, hard discounts and supermarkets see surge in total turnover since the beginning of Italian lockdown.
Investment volumes in Q 1 2020 reached 830 million, thanks to Pan European joint ventures in the out of town segment high street trophy assets.
The center of Milan remains the most sought after location for high street investments confirming prime yields historical low at 3%.