Investing in real estate is no longer as convenient as it once was. And not just because of the Imu. According to a series of calculations published today in Corriere della Sera, at least two other factors advise caution: the negative short-term prospects for the real estate market and the competition from government bonds, which guarantee good returns and make it easier to collect. Also because there are several ways forward for those who want to invest in this sector.
In the hypothesis of wanting to buy a house for 280 thousand euros in cash - continues CorSera - we will have to take into account additional expenses for 5 thousand euros (subsidized taxes plus notary). In this case, after eight years, the buyer will obtain an advantage by limiting himself to not losing on the initial value of the purchase and by reselling the property for at least 284 euros.
If, on the other hand, the same house is purchased with a variable-rate mortgage equal to half the price, after 8 years the owner will still be in debt for almost 97 euros and to resell the house while remaining profitable, he will have to impose a price of at least 317 euros ( with an overall revaluation of 15%).
The third conceivable case is that of an investment, ie a cash purchase followed by a rental assignment. The initial costs are at least 15 euros and the fees collected are weighed down by the Imu and the "dry coupon", which absorbs 21% of the proceeds. If it were possible to find a tenant with regular payments and then willing to leave the house without problems after 8 years, an annual revaluation of the property by 2% would be enough to break even.
