ITALIAN REAL ESTATE: OPPORTUNITIES ARISING FROM THE PUT ON SALE OF PUBLIC SECTOR BUILDINGS
The Italian State has identified a number of public properties to be put on sale in the most interesting Italian cities, including Milan, Rome, Venice and Florence. Properties to be put on sale belong to government administration, Regions, Provinces, local Municipalities, Chambers of Commerce, State Agencies, etc. and, provided certain conditions, they may be purchased through private negotiations.
The government wants to take advantage of the positive trend registered by the Italian Real Estate Market, which, according to the 2016 Report on the Italian Real Estate Market, published by the Real Estate Observatory and the Italian Tax Agency, reached a + 6,5% in 2015.
The followings buildings are among the properties put on sale:
- Venice: 16th-century building of extraordinary architectural and artistic value (2.000 square meters approximately) located in the city centre;
- Rome: 20th-century building located in Trastevere, at the heart of the city of Rome (12.000 square meters approximately), very interesting both from the perspective of hotel property development and from the residential point of view;
- Florence: 14th-century building located in the historic centre of Florence (15.000 square meters with green areas).
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