If you cannot properly view this email click here

Newsletter n. 15

State-owned real estate properties in Italy: Is it time to buy?

On the 3rd of May in London Ernst & Young (EY) hosted a workshop on the Italian Public Real Estate market. The event organised in conjunction with the Italian Trade Agency – London office and with the patronage of the Italian Embassy was attended by a selected number of investors.

The workshop has been an exclusive chance to hear from key Italian stakeholders and experts giving their insights, shedding light on this unique environment and providing a clear picture of the Italian public real estate market, in particular, on the chances of investments, the instruments and procedures to gain access to the public properties offerings, and all the legal and tax aspects related.

The Italian Trade Agency provided an overview of its activity in support of foreign investors and presenting the Public Real Estate portal investinitalyrealestate.com, followed by a detailed market analysis and tax regulatory framework from EY. The session was concluded by a round table in which qualified panellist from the Italian Revenue Agency, The Ministry of Finance, the Public development Bank – CDP and the Italian Trade Agency, gave a unique insight on tax reforms , Government initiatives and market opportunities.

Commercial real estate volume reached record figures in 2016 in Italy, (residential sales reached 528,865 in 2016, an 18.94% increase compared to 444,636 closed in 2015. For 2017, Real Estate analysts expect further growth: a total of 565,391 transactions is estimated for 2017, while for 2018 this could reach 584,523, arriving at 616,513 in 2019), thanks in part to the equity commitment from international investors. While core investments are in the spotlight, many operators are currently considering value-added and development opportunities in a market where local demand is rising and the overall economy shows signs of recovery and stability. In this scenario, state-owned real estate properties represent a huge market opportunity in Italy.

EUR Extends the deadline for submitting dinding bids on the La Lama hotel in Rome Opportunities
EUR Spa, a company 90% owned by the Ministry of Economy and Finance and 10% by Roma Capitale (Municipality of Rome), informes that the...
Bank of Italy: The real estate market improves Market studies
In Italy, real estate sales growth is stronger, though they remain at levels below those before of the crisis, and also the banks' vulnerability...
The Boscolo hotels go to the American fund Varde Deals
The Boscolo family goes out of the way from the Italian hôtellerie: the Usa Varde fund, after having recognized the entire amount of the...
Philips will open the new headquarters in Milan’s Bicocca district Events
Philips is preparing to move its office from Monza, where it is now in a building in the Bicocca district of Milan. The palace...
Abi: Net non-performing loans Fall in February New trends
Net non-performing loans continue to decline in the balance sheets of Italian banks. According to the latest Abi (or Italian Banks Association) report, the...
Copyright© - ICE - Italian Trade Agency - Partita IVA: 12020391004, All rights reserved.

Our mailing address is:
Italian Trade Agency - Via Liszt, 21 - Roma, Rm 00144 - Italy