Bibione - 15 settembre 2010

During the changeover to Euro,  anyone who bought a house with the specific aim to invest money, has now got an higher income than using cash assets into State bonds at middle long term. In this last case between 2002 and 2010 the average yearly return has been 3.2%, while the real performance of property investment has been between 4,5% and 9,5% . To calculate the true profit we have considered the values of  Nomisma report of 2001 . We have then added 10% for fiscal expenses and legal costs to the nominal price of the apartment. We have summed  up the rental with the yearly inflation adjustment and deduct 40% for taxes and extra maintenance expenses. The revaluation of treasury bonds has been calculated on the basis of the pretax rate ( “Rendistato”) at the beginning of this year  minus 15%  (12,5% for taxes and 2,5% for bank commissions).  A thoroughly analysis of this statistic reveals, that the positive return is mainly due to the revaluation of the buildings which is definitely more profitable  than the rental.