There has been a rethink in Italy over the last four years. In the meantime 65% of those asked regard a lasting modernization as bringing the most important increase in the value of their own homes. Government energy efficiency initiatives and tighter legislation are generating positive impulses. The “Industria 2015” programme promotes innovative building techniques and materials with the aim of energy saving, a 55-% tax concession is available. For the renovation of old houses, a special depreciation rate of 36% applies.
A market study by Germany Trade & Invest has established that “foreign...