Policies

Law No. 296 of 2006 established Listed Real Estate Investment Companies (SIIQs) in Italy, which represent the Italian version of the REIT model based on the French model.
In Europe, 71 listed REITs, operating in 13 countries, own real estate assets worth approximately 300 billion euros, while in Italy they remain underdeveloped. A reform of the legislation is therefore needed to promote their expansion, bringing benefits in terms of capital attraction and market transparency.
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The real estate industry has long been investing in innovation and sustainability across Italy, offering modern solutions that meet the highest international standards—both in terms of products, such as modern, sustainable, connected buildings integrated into people-friendly environments, and in terms of services, such as social housing, university housing, offices, and much more. To enhance the real estate sector’s capacity to drive economic growth, support for these policies must also ...

"Real Estate Net Zero" is a report prepared by Confindustria Assoimmobiliare that outlines a series of proposals for decarbonizing Italy's real estate portfolio and the construction sector

Confindustria Assoimmobiliare is firmly convinced that the future of Italy’s urban fabric will increasingly depend on the ability to rethink and redesign the use of space, because the new urban reality cannot and must not be based on the consumption of new land but must stem from the renewal of the existing fabric. The process of urban regeneration has been made even more urgent by the health emergency triggered by the spread of the COVID-19 virus, which has impacted the way people ...

Energy efficiency and, in particular, building retrofitting are two closely linked processes whose synergistic development represents a growth opportunity for the entire country. The energy retrofitting of the building stock is, in fact, an essential component of promoting environmental sustainability in the economy, especially in Italy, where the building stock has characteristics that require significant investments to improve its energy efficiency. Urban regeneration represents not only ...

Revision of the regulations governing public sector leases. Article 69 of the decree-law in question could represent an important opportunity to revitalize the Italian real estate rental market, as it could provide an opportunity to revise the regulations governing public sector leases with a view to aligning this type of lease agreement—as much as possible—with market conditions. Furthermore, with a view to making the government’s efforts in this direction even more effective, it is ...

The decree-law in question represents a unique opportunity to be seized in order to give new impetus to the country’s economy, with a view to transforming the construction sector into a true driver of economic growth, leaving behind cumbersome and pointless bureaucratic requirements. Assoimmobiliare has welcomed the Government’s efforts to accelerate administrative and bureaucratic simplifications, which also intersect with the important Recovery Plan that the Government will need to ...

Assoimmobiliare wishes to express its appreciation for the initiative, which, in addition to boosting the asset management industry, could serve as an additional tool to foster the country’s economic recovery.

The COVID-19 pandemic has had a severely negative impact on the real estate sector. These impacts have already eroded the value of citizens’ savings invested in the sector, and there is a risk of destabilizing the financial system unless ad hoc measures are taken.

Assoimmobiliare has identified some initial urgent and priority measures that, at low—if not zero—cost to the public finances, on the one hand, provide relief to the real estate sector by reducing costs for operators and, ...

Urgent relief measures for the real estate sector. Due to the dramatic effects of the crisis caused by the COVID-19 pandemic, it is essential to safeguard and provide relief to businesses facing the most urgent situations by offering tax credits, IMU tax relief, and mortgage payment moratoriums to both tenants and owners of commercial, hospitality, and manufacturing properties in the sectors most affected by crisis containment measures. In summary, there are four proposals, outlined in ...

Conversion into law of Decree-Law No. 23 of April 8, 2020, containing urgent measures regarding access to credit and tax compliance for businesses, special powers in strategic sectors, as well as measures concerning health and labor, and the extension of administrative and procedural deadlines (the so-called “Liquidity Decree”).

Assoimmobiliare has submitted comments on the provisions relevant to the real estate industry among those drafted to implement the provisions of Article 21, paragraph 5, of the so-called Decree 231