Many businesses operate in the real estate market: those who build properties, those who place them, manage them, intermediated between the market and investors. It's a slice of the economy of our country.
Of this can accelerate growth, but can also curb.
These three were the Bank of Italy data, cited in a recent conference on, that testify to the importance of real estate in an advanced economy like the Italian:
- In Italy the total value of investments in construction and spending on rents and real estate brokerage services in a year is almost one-fifth of GDP;
- In real estate assets are invested 60 percent of the total assets of households;
- Loans to households for mortgages and loans to companies in the sector are about one third of total bank lending.
The properties are both consumer goods, as a source of housing services, but also investment goods; They are the main collateral on loans banking, even those not to support investment properties, over that the most important reason why a family s'indebita.
The continuous renewal of tax deductions for extraordinary maintenance of properties, with the help of tax incentives for renovations on the one hand contributes to "turn" the Italian economy and the other improves the energy efficiency of housing in a country like ours where the housing stock dates back more than half before the seventies of the last century, among the highest retirement indices of Europe.
On this you can learn by reading the last biannual publication The Real Estate in Italy dated 2017 realized by the Observatory Property Market (Agenzia delle Entrate).
Alex Gaetani