MILAN, ITALY – The Italian federation of housing cooperatives Federabitazione-Confcooperative has given a preview of a survey it is currently carrying out on social housing in Italy at the Milan Expo 2015 world’s fair.
The first results of the ongoing CoopHousing study were presented by the experts in charge of the project concerning Federabitazione’s cooperatives building, selling and renting real estate across Italy.
Over the first three months of the research, 53 interventions by cooperatives were registered, including 40% in northern Italy, in particular in the Lombardy and Veneto regions. The 53 operations concerned 1,532 housing units of which 67% were rentals and 33% owned. About 74% of the rented housing units were rent-controlled while 21% concerned rent-to-buy contracts.
Overall, 184 million euros were invested in construction projects with 79% of financial resources coming from private investors. Some 16% of social housing interventions were recorded in city centers, 35% in outer urban areas and 45% in the suburbs.
On average, apartments were rented for 57 euros per square meter with 83% of social housing contracts starting over the past 15 years. The first date back to the 1940s.
The CoopHousing survey is not only aimed at portraying the state of Federabitazione’s social housing all over Italy but also at registering specific cases, the federation said.
The study has so far revealed that this type of affordable housing is preferred by the young. Young families across the country – from Grosseto in Tuscany to Turin in Piedmont – choose social housing because it ‘promotes the socialization of their children’ or because ‘there is more social interaction in rent-controlled buildings.
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