Italian real estate funds are set to increase in value from EUR 19.36 bn in 2006 to EUR 24.2 bn by the end of 2007, according to the latest research report by Italy's research institute Scenari Immobiliari. This represents an increase of 25% year-on-year compared to 2006. Scenari Immobiliari is envisaging further growth of 11.5% in 2008. Property funds in Italy have seen their value rocket in the last few years from EUR 2.43 bn in 2001.