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By 2050, Italy is set to undergo a massive urban transformation, with the regeneration of approximately 920 square kilometers of territory. The cities of Milan, Turin, Rome, and Bologna are emerging as dynamic leaders in this renewal process. This phenomenon will not only redefine the urban landscape but will also stimulate a market worth €2,300 billion over the next 27 years, emerging as a crucial economic engine with significant financial benefits for the state.
The Potential of Urban Regeneration in Italy
According to the "First National Report on Urban Regeneration" presented by Scenari Immobiliari and Urban UP | Unipol, 1.6% of the national urbanized area, nearly 920 square kilometers, is considered potentially regenerable. Lombardy (21%), Veneto (19%), Emilia-Romagna (17%), Piedmont (14%), and Lazio (7%) stand out as regions with the greatest transformation potential. By 2050, the construction of 350 million square meters is projected, with a prevalence in the same regions, led by Lombardy, Veneto, Emilia-Romagna, Piedmont, and Lazio.
Current Impact and Future Perspectives
Already in 2023, urban regeneration interventions have shown their impact, affecting almost 28 square kilometers of territory, with a gross floor area exceeding 10 million square meters and an added real estate value of over €13 billion. This transformation is evident especially in the metropolitan areas of Milan, Turin, Rome, and Bologna, along with Verona, Treviso, Brescia, Piacenza, and Venice among the most active provincial realities.
Ethics and Cooperation for Sustainable Urban Regeneration
The report emphasizes that urban regeneration goes beyond regulatory requirements; it is crucial to avoid excessive consumption of green space, transforming instead unused or abandoned urban areas for economic or social purposes. Mario Breglia, President of Scenari Immobiliari, highlights the importance of cooperation between public expectations and market dynamics and financing to successfully address this crucial approach to the future.
Long-Term Economic and Social Impacts
Projecting urban regeneration as a key element for the country's development, the report estimates an overall industrial turnover of €2,300 billion by 2050. This trend will have positive impacts on public finances, with an additional annual revenue for the state estimated between €20 and €25 billion, and predicts the creation of around 100,000 new jobs, not only in the construction sector but also in services.
A Crucial Strategy for Sustainable Development
In conclusion, urban regeneration emerges as a crucial strategy for the future of Italian real estate, requiring careful management through collaboration between the public and private sectors. The goal is to generate positive long-term results for the entire community, making urban transformation a fundamental element for the sustainable development of the country.