Construction, investments down. Contraction estimated at 7.2%

The Superbonus also in 2023 confirmed itself as a decisive development driver for the construction system and the entire Veneto economy. According to the Enea-Mase monitoring data, during the year the interventions supported by the tax incentive for energy requalifications reached 11,759, for a total investment of over 3.8 billion euro. Since it came into force, the renovation incentive in the seven provinces has generated 59,588 openings of building sites for more than 11 billion in investments: 10,263 in condominiums (for more than 5.8 billion); 27,179 in single-family homes (for just under 3.2 billion) and 22,146 in detached properties (for more than 2 billion).

The information is contained in the publication Veneto Regional Construction Scenarios 2024, the first local dossier edited by Ance's Economic Affairs, Finance and Studies Centre, and paints a picture of the sector, which in terms of investments represents 10.7% of Veneto's GDP; in terms of employment, 17.2% of the industry's workforce (compared to 24.4% in Italy as a whole). The first three months of this year also indicate a further 3,180 new communications submitted to the Agenzia delle Entrate (Revenue Agency) by the 4 April deadline to benefit from the assignment of credit or discount on invoices for almost 1.3 billion, mostly the result of the 'carry-over' of works completed by December.

At the regional level, the share of buildings subject to works aimed at improving energy performance - as at 31 March - stood at 7.4%, a value higher than the national average (5.8%). There are many studies and numbers certifying that Veneto is at the top of the national ranking of regions that have taken advantage of incentives for energy redevelopment.

According to Cgia di Mestre, 5.6 per cent of residential buildings (flats, small villas, terraced houses, etc.) made use of the Superbonus for efficiency improvements. More than any other region and therefore than the national average, at 4.1 per cent. Despite this," reflect the association of artisans and small businesses, "the State's expenditure per intervention in the area is among the lowest in the country, and therefore the value of the deductions requested is also less impactful. While the average investment in the seven provinces was Euro 194,896, only Sardinia and Tuscany (with Euro 187,413 and Euro 182,930) showed lower amounts (the Italian average is Euro 247,531).

According to the association that brings together building constructors, however, the construction sector will already be affected this year by the collapse in demand for extraordinary maintenance and redevelopment, due to the disappearance of the credit transfer and invoice discount, which prevent those who do not have adequate tax capacity from benefiting from what remains of the building bonus.