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Italy Real Estate Tax Focus

Online new cadastral statistics 2018. The Revenue Agency takes a picture of Italian real estate assets

The number of properties in the Italian cadastral registry continues to grow without pause. In 2018, the housing units registered in the cadastral archives of the Revenue Agency raised to 75.5 million, of which 65 million were registered in the “ordinary” and “special” categories, with an assigned cadastral income of 37.4 billion euros. The majority, over 60 million units, are owned by individuals, for a total cadastral value of 22.8 billion euros - 61% of the total. This is the overall picture of the Italian real estate assets that emerges from the new Cadastral Statistics, the annual publication edited by the Agency's Real Estate Market Observatory, in collaboration with the Cadastral, Cartographic and Real Estate Advertising Department Services.

The Italian real estate stock

Essentially, in 2018 the Italian real estate stock increased by 0.6%, with about 400,000 more residential properties than in 2017. The holders, to a large extent, are individuals for about 88% of the total assets. Compared to the previous year, the properties registered in group F (units not eligible to produce income) grew by 1.8%, while special-purpose buildings (group D) raised by 1.2% and those belonging to the “particular destination” category of group E by 0.8%. Also up to 1% the real estate units for collective use (group B), followed by those registered as shops (C/1) and appurtenances (C/2, C/6 and C/7) of the Group C whose number increased by + 0.8% while and homes by + 0.3%. On the contrary, the number of offices decreased (-0.3%).

The size of the houses - The average Italian home surveyed in the national land register has 5.5 rooms, while it is slightly smaller when it is not owned by persons. Regarding the square meters, the average area of the houses surveyed in the archives, calculated as the ratio between the total land area and the number of units, was confirmed to be approximately 117 sq. In detail, it is less than 100 sq. for housing registered in the popular, rural and ultra-popular category and for homes and lodgings typical of the places (A/4, A/5, A/6 and A/11) while goes well beyond 200 sq. for the residence units in the categories such as home mansions, villas, castles and prestigious buildings (A/1, A/8 and A/9).

How housing changes - The housing units surveyed as residences or apartments are over 35 million, about 92 thousand more than in 2017 (+ 0.3%). In particular, compared to the previous year, the number of cottages grew by + 1%, while homes and housing typical of local places raised by + 0.5%, a little less than homes classified as civil and economic which respectively increased by + 0.7% and + 0.4%. On the other hand, the house mansions decrease by 1.8%, the popular houses by 0.5%, as well as the villas 0.5%, the castles and the prestigious buildings (-0.2%) and , with rates above 2%, ultra-popular and rural-type homes (-2.6% and -3.2% respectively).

Rises the overall cadastral income - For 2018 the data confirm the growth trend, already recorded in 2017, of the total cadastral income, indeed + 0.5% compared to the + 0.4% recorded the year before. In particular, the increase affects all groups of housing units except for the office category (A/10), which in contrast with the overall trend fell by 0.4%.”

“by - Stefano Latini”