Italy recently passed the Salva Casa (Save the Home) decree, a legislative package with the potential to revitalize the country’s housing market. The decree tackles a surprising hurdle: A large portion of Italian homes (estimates suggest up to 80%) have minor irregularities or deviations from building codes. These often insignificant irregularities, like an unpermitted balcony enclosure or a slightly misplaced internal wall, can significantly complicate selling a home, obtaining financing or accessing government assistance. The decree seeks to streamline the process of rectifying these minor issues. This could involve a simplified amnesty program where homeowners pay a penalty based on …
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