REHABILITATION OF REAL ESTATE IN HISTORIC CENTERS

Investing in real estate renovation in the historic centers can be very profitable. The rehabilitation of buildings is extremely important in order to promote the appreciation and dignity of the buildings which are examples of excellence.

Learn the reasons why you may have advantages in buying a property and rehabilitating it.

Points of Intangible Interest // Beauty and History

Today, the return to the historical centers is a reality. Points of intangible interest, of unique beauty and history, these places are ideal for living or investing. The renovation projects of buildings in these sites have demonstrated how the old can gain a new life. Keeping the old fronts, these buildings can become modern palaces inside. This solution gives new life to the uninhabited historical centres of cities by providing modern apartments in reconstructed buildings.

Property Remodeling Support Programs in Historic Centres

Currently there are several programmes aimed at the rehabilitation of real estate. The IFRRU 2020 aims at urban rehabilitation, by application, for individuals or companies, in buildings with more than 3 decades and in locations such as the historical centers.

Furthermore, for space rehabilitation programs for rental purposes there is financing of up to 50% with long-term loans.

Tax Benefits

There are several tax benefits that support investment in the rehabilitation of houses in historic centers.

Some benefits are: exemption from paying Municipal Property Tax (IMI), which can last from 3 to 5 years; the exemption from the Municipal Tax on Onerous Property Transfers (IMT) and a 6% reduction in the VAT rate.

Revitalization of the Construction Sector

Rehabilitation has been a key driver of revitalization in the construction sector

The saturation of construction in the large urban centers led to the rehabilitation of real estate accentuated. The goals for rehabilitating a building are several:

• Valorization of certain areas or locations to increase commercial interest.
•  Conservation and preservation of heritage.
• Seek from potential consumers.

The rehabilitation of buildings has stood out in the face of new buildings, so there are many challenges and opportunities for companies in this sector.

The rehabilitation of buildings is linked to the sustainability of construction, since the CO2 emissions produced by the complete demolition of a building, as well as its subsequent reconstruction, are superior to the rehabilitation intervention.

In view of this, rehabilitation in the construction sector is expected to have an increasing relevance for the population, the economy and the sustainability of the planet.

Conservation and Preservation of Heritage

The main motivations for the rehabilitation are the appreciation of emblematic architectural buildings and the preservation of the historical city. Giving a new life to an architectural heritage, is bringing history to the present moment, exploring what the best heritage has to offer us.