SUSTAINABLE
DEVELOPMENT
CULTURE AND
TRAINING
RESEARCH AND
INNOVATION
SUPPORTING
GROWTH
ABOUT US
Confindustria Assoimmobiliare is the National Association of the Real Estate Industry representing the primary operators of all Real Estate sectors in Italy, such as: companies active in advanced real estate services, from the management and administration of large estates, financial and insurance activities, up to consultancy services; financial subjects active in real estate transactions, also through the instrument of real estate funds and Siiqs; listed real estate companies; the developers; the main international Real Estate companies operating in Italy.
GOVERNANCE
The Statute of Confindustria Assoimmobiliare provides for a governance configuration that ensures the fundamental organizational principles, such as the adequate representation of all the associative components, the diversification of the responsibilities of the Bodies, balancing the requests and interests represented.
The President is elected every four years by the Assembly, with a non-renewable mandate, following a broad consultation and widespread involvement of all member companies.
MEMBERS
Companies with registered offices in the national territory, which carry out activities aimed at the production of goods or services of a real estate nature can join the Association as Effective Members. Confindustria Assoimmobiliare can join, as Aggregate Members, associations, foundations and other institutions which operate in the real estate market or are characterized by elements of affinity, complementarity or economic connection with those represented by the Effective Members. Foreign subjects may also be admitted as long as they carry out their business in Italy.
YEARBOOK
The Yearbook presents detailed information about all Members of Confindustria Assoimmobiliare as well as an overview of the Italian Real Estate market and of the key drivers of its evolution. It is a useful tool for everyone interested in the industry, including international investors and national decision makers.
INVESTING IN
ITALIAN REAL ESTATE
The volume “Investing in Real Estate” reaches its tenth edition this year. This is an important milestone for a book born with the ambition to gather, in a single volume, the numerous possibilities and characteristics of investment vehicles in the Italian legal system dedicated to the real estate sector. Ten years of publications that honor not only those who wanted to realize this book with commitment and dedication, but also the many professionals who over the years have enriched the volume with a valuable contribution, the result of years of experience in the field. To them, I extend my heartfelt thanks for work in service of the growth of the Italian real estate industry. As every year, this book represents an updated and indispensable guide for those who want to operate in the real estate sector. Despite the complexity of the Italian regulatory context, the coordinated work of experts, professionals, and law firms associated with our Association has made it possible for the contents of the volume to remain updated with the latest legislative and market evolutions, making it particularly useful for foreign investors interested in the Italian market. 2023 was a delicate year for the real estate sector, influenced by a series of factors that have impacted strategic decisions and market development prospects. The highest inflation in the last twenty years has led to an increase in interest rates and made access to credit more rigid. This was coupled with a significant rise in construction costs, leading many investors to adopt a prudent attitude, necessary to verify the economic sustainability of some projects in a more challenging context. However, Italian families have maintained one of the strongest debt positions in Europe, and our industrial companies have demonstrated excellent investment capacity, even under these conditions. More selective credit conditions, however, represent an opportunity for the growth of alternative lenders also in the Italian market, capable of offering financing opportunities through innovative and flexible financial instruments.
