Real Estate In Italy

This in-depth case study evaluates the recent evolution of the Italian real estate market, which has lately been subject to two interlocking phenomena: a serious devaluation of physical assets and, at the same time, a deep legislative innovation of the vehicles investing in this asset class. The novelty of the legal framework of some of the Italian real estate investment vehicles and the recent developments in the market make this detailed analysis a fascinating addition to the literature. The book starts with an analysis of the Italian real estate sector, covering the evolution and performance in light of the economic crisis and the most recent legislative innovations. Italian real estate investment vehicles are then compared with a broader European perspective. Each Italian investment vehicle (real estate investment funds, real estate fixed capital investment companies and real estate investment trusts) is then analysed in both legal and financial details, providing insights into management structure, the rights and powers of investors, the typical investment process and the related costs. The different management models are then compared in order to assess their advantages and disadvantages, especially for institutional investors. The performance measurement of Italian closed-end alternative investment funds and the phenomenon of discount to net asset value for listed real estate investment funds are then subject to a theoretical and empirical examination.

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This in-depth case study evaluates the recent evolution of the Italian real estate market, which has lately been subject to two interlocking phenomena: a serious devaluation of physical assets and, at the same time, a deep legislative innovation of the vehicles investing in this asset class. The novelty of the legal framework of some of the Italian real estate investment vehicles and the recent developments in the market make this detailed analysis a fascinating addition to the literature. The book starts with an analysis of the Italian real estate sector, covering the evolution and performance in light of the economic crisis and the most recent legislative innovations. Italian real estate investment vehicles are then compared with a broader European perspective. Each Italian investment vehicle (real estate investment funds, real estate fixed capital investment companies and real estate investment trusts) is then analysed in both legal and financial details, providing insights into management structure, the rights and powers of investors, the typical investment process and the related costs. The different management models are then compared in order to assess their advantages and disadvantages, especially for institutional investors. The performance measurement of Italian closed-end alternative investment funds and the phenomenon of discount to net asset value for listed real estate investment funds are then subject to a theoretical and empirical examination.

Italy is a beguiling country and one of the most popular destinations for people buying property abroad. Contemplating such a move is exciting, but you need to be aware of all the regulations, practices and legal jargon involved. Both inspiring and practical, this is the definitive new guide to every aspect of buying or renting property in Italy. Written by someone who has first-hand experience of the process, it will help you to make the right decisions at every stage, including: choosing a location - the different regions of Italy finding a property the purchase process restoring a property buying a new property renting a home financial issues and inheritance laws coping with the language setting up a business With maps, checklists, Web sites, useful addresses and a dictionary of Italian terms, The Complete Guide to Buying Property in Italy will help you to avoid the pitfalls and enjoy life in your new home right from the start.

This book is written as a guide to the most common problems and answers to the many questions that worry those who are looking for property in Italy. All of the topics I'll discuss within this book are first to show how complicated a purchase could be, then also to let the potential international buyer know, of what they should be aware of before to choose an appropriate property and to sign a binding offer. So, this book is not a tourist guide, meaning it is not addressed to those who are looking for the correct location to buy a property. And is not a commercial book: there is no advertising in. Is dedicated to those who have already been in Italy, discovering its features and have already found, if not yet their dream house at least the region where they wish to live, but of course (that's very human and reasonable) are a bit worried about finding out the correct way to become owners of a dwelling and about its consequences. So I've composed it in several parts, beginning of course with a short look into the history and the characteristics of the Bel Paese, analyzing the history and the present situation of Italian real estate, looking at the peculiarities of Italian laws and customs, explaining how professionals are (or could be) involved in a purchase and ending with the consequences: taxes and liabilities.

This book describes in full the major approaches used to evaluate investment in real estate and shows how theory informs decision-aid methods and tools to support such evaluation. The inclusion of numerous examples makes it also a practical guide to assessing the suitability of an investment property. The first part of the text is devoted to an analysis of the housing market through the study of micro- and macroeconomic variables influencing supply and demand, with illustration of how these two components of the market interact. Special attention is given to market research and other preparatory activities able to influence the outcome of the investment. In fact, the quality of the parameters used for the evaluation depends on these activities. The final chapters describe the valuation techniques and highlight their essential features, limitations and potential in relation to ability to manage the investment risk. The book is aimed at graduates who wish to deepen their study of the real estate market and of the methods used to support investment decisions in real estate but also at professionals and managers of companies operating in the real estate market.

Practical advice on how to enjoy the unique benefits and avoid the pitfalls of investing in real estate abroad In the current uncertain investment climate, foreign real estate represents a more important opportunity than ever before, for both the investor who wants to move a portion of their wealth abroad and the retiree looking for affordable living options. How to Buy Real Estate Overseas explains one of the best options available today for diversification, asset protection, and a safe haven for wealth. Foreign property is a hard asset that, unlike stocks, for example, can't go bankrupt and collapse to zero. This book is an expert guide to the advantages and the challenges of investing in real estate overseas. Author Kathleen Peddicord, an American currently based in Panama, is considered the world's foremost authority on overseas retirement and foreign property investment. She has traveled to more than 50 countries, invested in real estate in 18, established businesses in 7, renovated historic properties in 6, and educated her children in 4. She knows from personal experience how foreign real estate can appreciate significantly over time, throw off an annual cash flow, and provide personal enjoyment for you and your family. An investment in a piece of real estate in a foreign country is a chance for both profit and fun. How to Buy Real Estate Overseas offers practical advice on how to find great deals, buy and manage property profitably in unfamiliar and potentially volatile foreign markets.