The ANCE appeal: “Let’s not waste valuable time”
2016 may really be the decisive year for renewed recovery in the building sector. All the right conditions for starting over are in place. After years of heavy cuts, investments for 2016 are finally forecasted to rise by 1% in real terms, thanks mainly to the longawaited big turnaround in public works. But important signs of recovery are also being shown by the building trade, not only due to the substantial increase in family mortgages with a consequent upturn in house sales, above all in municipalities that are also main provincial cities, but also because of the important
The association continues to work towards restoring an increasingly more stable relationship between businesses and banks
Stability Law measures, many of which were strongly backed by ANCE.
In particular, mention must be made of the cancellation of the TASI property tax, which will certainly have important effects for a relaunch of the market, and deduction of 50% of the VAT on the purchase price of new homes in energy classes A and B for income tax purposes, which may encourage users to look at ever more efficient, quality products.
The new opportunities will also benefit the non-residential building sector, the production segment represented, among others, by hotels, industrial buildings, offices and shops, which was the one that suffered the most between 2008 and 2015, when investments dropped by more than 40%.
For this new year, a slight drop in production levels (-0.4%) is forecasted, accompanied by important indicators with increases on the transaction and loans front. During the third quarter of 2015, the commercial sector (hotels, shops, workshops, commercial buildings) in fact posted a 7.4% rise in sales, confirming a positive trend that had begun in 2014.
A boost of confidence
But the biggest boost of confidence is without doubt being provided by the gradual unlocking of the credit system that we have seen over recent months. ANCE is continuing to make waves in this direction with a view to restoring an increasingly more stable relationship between businesses and banks
After the +6.7% of 2014, during the first 9 months of 2015, the flow of new funds into investments in
non-residential building showed a real surge: +94.1% compared to the same period of the previous year. A hugely positive figure that brings real hope after years of a continual slump in mortgages, which dropped by over 70% between 2007 and 2014.
We are, in other words, breathing new air and seeing a growth in the desire to invest in Italian real estate by international funds and groups.
This is why, in 2016, we are hoping not to waste valuable time: we need concrete, courageous policies for territorial governance, based on clear rules that stimulate virtuous collaboration between the public and private sectors. Only by combining our shared efforts will we in fact manage to eliminate obstacles and bureaucratic inefficiencies and
turn our cities and towns into increasingly more attractive places, ready to host transformation and building development that is by means second best to that in other European cities.
The premises are all there, with a renewed macroeconomic picture and the first positive signs that must be taken advantage of and exploited to the max. Our busines- ses are consolidating their ability to innovate and politics seem to be moving in the right direction. We must not miss out on this opportunity and we must leverage Italian real estate for a true start over in Italy, using it as a driver to pull the country out of the slump of this recession.