Policies

The housing crisis is, first and foremost, a supply crisis. This was the message conveyed by Davide Albertini Petroni, President of Confindustria Assoimmobiliare, during a hearing before the Senate’s 4th Committee on European Union Policies regarding the proposed EU Regulation on the Affordable Housing Act. He identified two priorities: avoiding restrictions that would end up reducing supply rather than expanding it, and implementing the measures outlined in the Recommendation ...

The document examines the key issues of interest to the real estate fund market, offering proposals and requests for clarification on topics such as OpCos in real estate AIFs, the deadlines for achieving the typical investment, the regulations governing credit AIFs, ELTIF 2.0, mechanisms for engaging with the authorities, and the scope of services that asset management companies (SGRs) may provide to securitization special purpose vehicles.

In its submission to the parliamentary commission, Confindustria Assoimmobiliare highlights the role of social security agencies and public real estate assets as strategic levers for urban regeneration and for addressing the housing crisis. The document proposes greater use of financial instruments and public-private partnerships, accompanied by measures to simplify regulations, taxation, and urban planning, to attract investment and accelerate the development of public assets.

The hearing highlights the value of the measure in addressing the growing housing crisis, with particular attention to the “gray zone” and urban areas facing the greatest pressure. The use of public-private partnerships and the repurposing of public assets for social housing and urban regeneration are viewed positively. The hearing also emphasizes the need for structural reform of urban planning and building regulations to overcome inefficiencies in the permitting and procedural processes.

Confindustria Assoimmobiliare welcomes the proposed revision of the SFDR as a positive step towards a more effective and proportionate sustainable finance framework. The association highlights the need for regulatory stability, a clear transitional period and greater alignment between Level 1 and Level 2 rules, particularly for long-term real estate investments. It also calls for clearer product categories, a single evidentiary standard and proportionate disclosure requirements to ensure ...

The draft law on Essential Levels of Performance (LEP) authorizes the government to define the minimum standards for civil and social rights to be guaranteed throughout the country. With regard to land management, Confindustria Assoimmobiliare participated in the debate to highlight the need for clear and coordinated LEPs in the areas of urban planning, construction, and land protection, which are essential for regulatory certainty, the reduction of litigation, and efficient investment ...

Assoimmobiliare welcomes the launch of the public consultation on the partial amendment to the General Urban Development Plan (PGT) and supports its objectives of urban regeneration, high-quality construction, and sustainability. It emphasizes, however, the need to enhance the clarity, consistency, and certainty of the regulations’ application in order to promote effective and sustainable regeneration projects for the city’s development.

The Association’s comments address various aspects of the reform, ranging from the asset segregation of mutual funds to that of internally and externally managed SICAVs/SICAFs, governance issues, redemption mechanisms, and rules governing appointments; they are made in the belief that certain targeted measures could strengthen the overall framework of the legislation.

Confindustria Assoimmobiliare welcomes the enabling act on the reform of building regulations, which is better suited to the modern development needs of our cities and regions. The Association highlights three priorities: certainty regarding the duration of procedures, protection of investments through acquired rights, and flexibility in urban planning tools.

Confindustria Assoimmobiliare participated in the hearing on the annual bill for small and medium-sized enterprises, with particular reference to Article 6, which introduces measures aimed at promoting the use of securitization vehicles and real estate destocking. The Association emphasized that this legislative proposal represents a concrete opportunity to strengthen financial instruments supporting Italian SMEs, offering new forms of liquidity backed by real estate assets. The proposals ...

Confindustria Assoimmobiliare addressed the Eighth Committee of the Chamber of Deputies during the review of bills C.1169, C.1562, and C.2181, presenting the real estate industry’s perspective on the issue of housing poverty. The Association presented five actionable proposals to promote the development of social housing, through greater involvement of institutional capital and the removal of current regulatory and tax barriers that limit such participation.

Confindustria Assoimmobiliare participated in the European Commission’s call for evidence for the development of the first European Housing Plan. The call for evidence will be followed by a new public consultation in the second half of 2025.