The volume “Investing in Real Estate” reaches its tenth edition this year. This is an important milestone for a book born with the ambition to gather, in a single volume, the numerous possibilities and characteristics of investment vehicles in the Italian legal system dedicated to the real estate sector.
Ten years of publications that honor not only those who wanted to realize this book with commitment and dedication, but also the many professionals who over the years have enriched the volume with a valuable contribution, the result of years of experience in the field. To them, I extend my heartfelt thanks for work in service of the growth of the Italian real estate industry. As every year, this book represents an updated and indispensable guide for those who want to operate in the real estate sector.
Despite the complexity of the Italian regulatory context, the coordinated work of experts, professionals, and law firms associated with our Association has made it possible for the contents of the volume to remain updated with the latest legislative and market evolutions, making it particularly useful for foreign investors interested in the Italian market. 2023 was a delicate year for the real estate sector, influenced by a series of factors that have impacted strategic decisions and market development prospects.
The highest inflation in the last twenty years has led to an increase in interest rates and made access to credit more rigid. This was coupled with a significant rise in construction costs, leading many investors to adopt a prudent attitude, necessary to verify the economic sustainability of some projects in a more challenging context.
However, Italian families have maintained one of the strongest debt positions in Europe, and our industrial companies have demonstrated excellent investment capacity, even under these conditions. More selective credit conditions, however, represent an opportunity for the growth of alternative lenders also in the Italian market, capable of offering financing opportunities through innovative and flexible financial instruments.
