Policies

Confindustria Assoimmobiliare welcomes the proposed legislation aimed at implementing a framework to reorganize the sector in the areas of urban planning and construction, in order to clarify interpretations that are not always consistent with current national or regional legislation, with particular reference to subdivision plans (pursuant to Art. 41 quinquies, sixth paragraph, of Law 1150/1942) and to building renovations and new construction (pursuant to Art. 3, paragraph 1, letters d ...

Confindustria Assoimmobiliare has welcomed the conversion into law of Decree-Law No. 69 of May 29, 2024, containing urgent provisions regarding the simplification of building and urban planning regulations, as the Association believes that the difficulties in regularizing minor non-conformities have in the past acted as an impediment to the market and to the development of urban regeneration projects. In fact, the Italian regulatory framework is characterized by highly complex and uncertain ...

Confindustria Assoimmobiliare, as a trade association whose objectives include supporting the growth of the Italian real estate sector, can only welcome the bill “Provisions on public safety, the protection of personnel on duty, as well as victims of usury and the prison system” (C. 1660), both with regard to the introduction of the new substantive law provision and with regard to the introduction of a procedural rule that grants the judicial authorities and the judicial police ...

Confindustria Assoimmobiliare views the changes introduced by the Reform positively, as they partially address the concerns raised by the association itself in recent months. The current approach, however, by supporting only the management phase and not the construction phase, risks being overly ambitious compared to the targets that can actually be achieved—“to have new beds to manage, they must first be built” —and of failing to fully leverage the “catalyst effect” that ...

Assoimmobiliare has submitted its comments as part of the review of the bill converting Decree-Law No. 212 of 2023 on “Urgent measures regarding the tax incentives referred to in Articles 119, 119-ter, and 121 of Decree-Law No. 34 of May 19, 2020, converted, with amendments, by Law No. 77 of July 17, 2020” (C. 1630).

The bill is part of a commendable effort aimed at revitalizing the Italian capital markets. The Association has identified the need to support a simplification of the supervisory regime for externally managed SICAFs and SICAFs, and to explicitly apply, for AIFs, the principles of full asset segregation characteristic of mutual funds. There is also a need to amend the regulations regarding the tax transparency of real estate AIFs, as the current regime acts as a disincentive to investment. ...

Confindustria Assoimmobiliare supports the objectives of the draft law on the reform of the business incentive system, particularly with regard to the need to ensure better planning, organization, and implementation of incentive policies, so that they are effectively geared toward maximizing the impact of public intervention in support of the business sector.

Confindustria Assoimmobiliare, as a trade association whose objectives include supporting the growth of the Italian real estate sector, can only welcome this
parliamentary debate, which aims to explore possible regulatory improvements to the current criminal law protections for property rights and other legal interests
at stake.

Tax reform is also of great importance to the real estate sector, historically one of the driving forces of the Italian economy, which, together with the construction industry, accounts for approximately 21% of the Gross Domestic Product. The proposals put forward by Confindustria Assoimmobiliare aim to strengthen the regulatory and legal framework within which these vehicles operate, with a view to increasing their usability and attractiveness to investors, aligning the competitiveness of ...

The ambitious energy efficiency targets set by the European Union for the built environment require a fundamental rethinking of Italy’s incentive system, with a view to long-term sustainability. Confindustria Assoimmobiliare reiterates the need to place greater emphasis on public-private partnerships, which must become the primary means of implementing green investments in real estate, thereby relieving the public budget of unsustainable burdens.

The decree has the merit of resolving a situation that had fueled uncertainty and concern among industry players and of reviving the trading of construction tax credits, providing useful clarification to enhance legal certainty.
However, to achieve the shared green objectives at the European level, Confindustria Assoimmobiliare believes it is necessary to rethink the incentive system currently in place in Italy to better leverage public-private partnerships, with the aim of making this ...

During Parliament’s review of the New Public Contracts Code, Assoimmobilaire outlined the framework of the relationship between public entities and private investors in the context of contractual relationships related to procurement in the real estate market, offering proposals regarding the code’s scope of application, the qualification system for contracting authorities, and the verification of technical, administrative, economic-financial, and contractual compliance.