Policies

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.

Assoimmobiliare advocates for extending to real estate collective investment schemes the right to benefit from the tax advantages of the invoice discount and the transfer of tax credits associated with the so-called Superbonus, Ecobonus, and Sismabonus, believing that this would enable the achievement of highly significant objectives, given the specific nature of institutional investors and their substantial capital available for investment.

Energy efficiency and the renovation of Italy’s building stock are two closely linked processes, and their synergistic development represents a growth opportunity for the entire country. To achieve European targets, Assoimmobiliare emphasizes the need to introduce sustainable incentives for at least the next ten years, until the 2033 targets are met, and to involve all categories of properties and operators, particularly professionals and institutional investors.

The construction of efficient and safe buildings requires a clear and up-to-date regulatory framework to replace the current fragmented regulatory landscape, which hinders industry professionals and public administrations. For all these reasons, it is absolutely necessary to update the relevant building and construction standards so that they can be applied in the changed Italian and European context.

Assoimmobiliare views with interest measures aimed at placing greater emphasis on the category of professional investors, which in Italy could be expanded to encourage the flow of investment toward capital markets, as well as to promote investment by institutional investors, with particular regard to the regulation of collective investment undertakings (OICR).

The Sostegni-ter Decree continues to provide support for economic activities affected by the pandemic crisis; however, the Association draws attention to potential improvements that must be addressed in the short term. Specifically, these issues concern, on the one hand, the revision of the rules governing the transfer of credits for building bonuses and other tax credits, which also affect the real estate sector (e.g., rental tax credits and tax credits for small businesses and shops), ...

While generally welcoming the introduction of immediate regulations linked to the national program and the provision of delegated authority for the systematic overhaul of the regulatory framework governing urban regeneration, Confindustria Assoimmobiliare offers technical analyses aimed at addressing certain existing challenges.

This document provides a brief analysis of the Ecological Transition Plan and identifies concrete proposals to facilitate the decarbonization of the real estate sector within a reasonable timeframe.

"Real Estate Net Zero" is a report by Confindustria Assoimmobiliare outlining the industry's proposals for decarbonizing Italy's real estate portfolio and the construction sector