Introduction of the Italian Rent to Buy scheme
In September 2014, the Italian parliament introduced measures to revitalise the property real estate sector. These measures include a rent to buy scheme as part of the Sblocca Italia – Unlock Italy – decree (Article 23 of Legislative Decree 133/2014).
With access to credit in Italy continuing to be tight, the rent to buy scheme has two main aims:
- to help people purchase a property and
- to support builders and developers sell unsold stock of property.