A study of OECD data emerge interesting
L 'shape Italy in 5th place out of 33 countries with total costs (taxes, registration fees, legal fees, estate agents fees) 12% of the value of (8% paid by the buyer).
Italy is then inserted between the countries in which the costs of real estate transactions are defined as "excessive." Belgium in the first place (over 14% of total), followed by France, Greece and Austria, while Denmark and Iceland are the countries with lower costs of sale (under 4%).
The OECD points out that the costs of buying and selling of homes have the effect of reducing the residential mobility and labor, which may have a negative effect on the resumption of employment in place. The Organization points out that government policies can help to reduce costs by restructuring the tax system and / or removing the barriers of entry into the professions involved in the sector, particularly where costs are too high and likely to reduce mobility 'estate, as in Belgium, France, Greece and Italy.
To increase mobility, the OECD also proposes to loosen regulations on rents dui. In this sector, Italy is among the countries where the rules provide more protection to tenants (seventh place out of 33).
According to the Organization, mobility would be favored by increased access to credit, but without a high level of debt. The study then recommended to render the house occupied by the owners in the same manner as other investments and to avoid taxes that encourage ownership of homes because they can lead to excessive investment in residential investment at the expense of more 'productive, thus adversely affecting growth.
The easy credit on the other hand, continues to the OECD, and inadequate banking supervision (see the case in the USA in 2007 where 22% of home buyers did not pay any deposit) led the first boom, with high volatility 'of prices (real increases of 90% or more' in some countries) and then the crisis sub-prime. "The OECD countries have seen the damage that can cause ill-conceived policies through their effects on the residential market," says the Director General of the OECD, Angel Gurria, noting that while seeking new sources of growth and try to restore confidence in the financial sector, the greening of our economies, housing policies can have a major impact on our future.
Source: Il Sole 24 Ore
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