Reform of Land Registry, first measures and market problems

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It seems rather complicated the process that will face the reform that prefige to come to a revision of the Land Registry by the second half of 2015. Here are the main problems to address and resolve published by forexinfo.it:

“Currently it has already approved the first decree on the establishment of the Census Commissions should deal with the adjustment of the nominal property value in each of the individual Italian provinces. Strangely, more than one month after its approval, the first decree on bodies that will validate the functions land has not yet been published in the Official Gazette.
Are ongoing preparatory work ahead of the second decree implementing the reform, relating to buildings, which should arrive, in the most optimistic, in the Council of Ministers by the end of January.

The redefinition of the types of buildings
The second implementation decree should redefine the types of properties that currently exist providing two maxi-categories that ricomprendano all existing ones and that will be allocated to the classification

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• Realty ordinary (letter O) which will have a number of types less than the ones existing. There will be 8 categories (the O / O 1/8), necessary to catalog homes, distinguishing between those buildings, those in small villas and "cottage", offices and studies, wineries, parking spaces, shops and warehouses;

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• of buildings for special (lettara S) which will have a number of types greater than the current ones. There will be 18 categories that distinguish properties according to the type of activity of the plants (energy, mines, industry, logistics, environment) or of the buildings occupied by services (directional, Business, schools and health);

The problems on the field
The major problem, connected to recataloging Realty, is that the same re-cataloging of properties depend on the geographical areas in which they are the new values. In other words, commissions census will, in each geographical area to establish the value (per square meter) of each type of property, in line with market prices. However, this activity should be carried out through statistical comparisons, will be affected by the housing crisis in many areas of the country where, de facto, there is no longer a real estate market. In the three years 2011-2013, that the tax delegation assigned to the Government, calls for adoption as a reference base for recalculation of cadastral values ​​of real estate, trades only decreased 24% and in almost 64% Italian municipalities there have been less than 100 real estate sales, this phenomenon that makes it extremely difficult to set the official values ​​of each individual type of property.
In addition to, censuarie the area, particularly in big cities, are very large and the same property type may have the same value even in districts very different.

The elongation of the times
Only solution to this problem would be to collect statistical data sufficient, in a time span wider, and adapt, and then, in areas largest census, through measures and statistical algorithms that take into account the position, the building type and the state of conservation of the property as well as the characteristics of each building.
According to estimates only 60 Italian provinces on 100 Total sampling could start next July, while for others you will have to wait 2016. If we add that the statistical algorithms could be ready only around June 2018, is easy to understand, such as the reform of the cadastre is applicable only in the two years 2019-2020.
Biblical times, in conclusion, for a sector – the real estate market – always deeply resistant to change”.