The report delves into the key real estate indicators, aiming to outline an overview of the Italian real estate market. It further provides valuable insights about the Italian economy & the banking sector. The report also provides certain observations portraying 2022 conditions and the effects of the Russia’s invasion of Ukraine, the energy price shock and the mounting inflation. Evidence shows that despite the difficulties in 2022, the Italian real estate market, mainly driven by the domestic demand, is expected to experience robust growth.