8 million homes in Italy, uninhabited - Analysis, 86% of owners cite non-payment of rent as main concern
In Italy, the housing crisis is not caused by a lack of housing, but by a supply that is struggling to become available, according to an analysis by the SoloAffitti network.
The analysis highlights a market in which, out of approximately 4.3 million rental homes, approximately 8 million properties are vacant, while short-term rentals fluctuate between 500,000 and 600,000 units. These data show a clear paradox, the housing stock exists, but a significant portion remains unavailable, with a ratio of approximately 1 in 3 rental homes.
What is hindering supply is largely a matter of trust. According to the Report, 86% of landlords cite non-payment of rent as their main concern and 62% fear eviction proceedings. These two factors are closely linked, on the one hand, non-payment, and on the other, the difficulty in regaining possession of the property within a certain time frame.
Although official figures suggest approximately 40,000 evictions each year, the actual phenomenon is much broader. Many cases are resolved before a court decision, but still result in financial losses. The number of evictions represents only the tip of the iceberg of a more widespread problem, which includes late payments, partial settlements and the release of properties without payment.
Over time, a “real long memory of evictions” has developed, with over 1.1 million eviction orders issued since 2004 and around 2 million since 1978. This widespread phenomenon has contributed to the instillation of a high and persistent perception of risk, directly influencing landlords’ decisions. It is in this context that an ever-increasing proportion of the housing stock remains off the market: not due to a lack of demand, but due to a current economic climate that does not offer sufficient security to tenants.
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