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Newsletter n. 5

Mazzocco (CDP): “The future of the housing market is residential”

The future of the housing market “is definitely residential, definitely rent.” Mr Aldo Mazzocco, chief real estarte officer of CDP and president of Assoimmobiliare has no doubt about it speaking at the “ Towards the home-Taxi – the housing needs of young peolple” conference, promoted by Sidief, the property company of Banca d’Italia, and Banca d’Italia. “We are not going to create a real estate market if we do not take care of the residential, that around the world accounts for 80% of the sector,” he said. Mazzocco’s statements, on one hand emphasize a problem of the italian real estate, but on the other one testify to a new awareness for the housing sector. “We must return to the residential, rental and modern: it is a necessity of the economy and people. Need developer, special laws, investment protection”, said the public manager. This applies in particular for the new generations. According to the study presented by Sidief and Banca d’Italia, in collaboration with Nomisma and Censis, in Europe there are over 50 million young people aged between 18 and 34 living alone or sharing, out of a total of 97 million, 48.1% of young Europeans live with their parents compared to 62.5% of their Italian peers. If young Italians were to become aligned with the European average, we would have demand for a million homes. Looking for an appropriate offer to new needs and, preferably, for rent. The study identifies the economic crisis, unemployment and difficulties in accessing loans as main causes of the problem. “CDP will do its part – concluded Mazzocco – we would like to turn old abandoned buildings in 20 cities in prototypes of bel vivere”.

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