Invimit CEO Scalera says Italy’s Housing Plan “second pillar” is patient capital, not public spending

Invimit CEO Stefano Scalera framed the “second pillar” of Italy’s Piano Casa as patient capital, not public spending, to back affordable housing. Professional real estate investment reached EUR 12.3 billion in 2025, with capital flowing easily into prime assets, not affordable rentals. Scalera said risk-adjusted returns in regulated affordable leasing do not cover the cost of capital, limiting private investment. He pointed to the government’s 2026 Decree Law 66 as addressing regulatory frictions, aiming to cut risk premia through consistent local implementation. Invimit’s pillar uses public-private partnerships to shift risk-return profiles, seeking to make permitting simplifications routine without commissioners. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Investimenti Immobiliari Italiani SGR SpA published the original content used to generate this news brief on October 13, 2026, and is solely responsible for the infor