After businesses, 50,000 at risk of bankruptcy, it’s the turn of condominiums
After businesses, 50,000 at risk of bankruptcy, it’s time for the condominiums that could be called upon to pay unexpected sums, with the consequence that there could be millions of houses foreclosed and then auctioned off. The block on credit transfers, accrued with the 110% Superbonus, is producing devastating effects: “These days – he explains Joseph Izzo, CEO of Uese Italia spa, one of the companies that assists companies for the request for the SOA, the certification that allows construction companies to participate in public tenders – the intermediaries who had, under a framework agreement, committed themselves to advancing expenses for the renovation of buildings and apartments are sending letters to general contractors in which they invite them, without any additional charge, to dissolve any type of bond. With easily imaginable repercussions”.
Letters that arrive after payments to the companies themselves have been interrupted since last November: “We don’t receive any money – he says Nicholas DiMarco, technical manager of Diemme General Building – for four months now and, for this reason, we have been forced to stop the works. The unbelievable is thus happening, with construction sites stopped and families, who were promised to carry out the renovation at no cost, totally disoriented. A chaos that, between now and the end of the year, could open up very disturbing scenarios. Who will come up with this money now? Who will allow you to complete what you started? How will a situation of total stalemate and dangerous from an economic point of view be unblocked? The answers are currently lacking.”
“The current situation puts the energy and seismic redevelopment of the Italian building heritage at serious risk – adds the architect Julia Latessa, general manager of PV Services srl of Vicenza, technical partner of numerous Italian general contractors. Interrupted construction sites that risk never starting again, together with projects presented and no longer feasible, give us back a future vision of the urban fabric that is far worse than the one we should have, and wanted to, deliver to our children”.
Consequences that certainly concern companies, but also those who have decided to intervene at no cost: “The intermediaries -explains Izzo- have, until November, economically supported the companies by having the credit transferred and, therefore, obtaining a margin equal to or greater 10%.Based on this assumption, confirmed by agreements with general contractors, thousands of condominium resolutions have arrived which have given the go-ahead for the execution of the works without having to pay out, at least theoretically, one euro. dramatically questioned, so much so that several construction companies are turning to homeowners to obtain the money necessary to proceed with the completion of the work begun.A figure ranging from 25,000 to 30,000 euros which often cannot be honored by those who, without the guarantee of the transfer of credit, would never have given the go-ahead to renovate his property”.
In short, many families do not have the money necessary to be able to honor a possible debt which, in fact, they did not think they would have to contract: “The risk -states the CEO of Uese Italia spa- is that, starting from September of this year, many owners risk seeing their homes subject to foreclosure until auctioned. Millions of apartments that risk being lost by the legitimate owners who, in fact, have limited themselves to trusting the state. A serious problem that particularly affects those who began carrying out the works in October last year. A mockery that goes hand in hand with the difficulties that the builders themselves and their subcontractors are experiencing in recent weeks. Resorting to bankruptcy seems, at the moment, to be the only way forward “.
The unaware citizens on the one hand and the construction companies on the other who are about to bring the books to the Court: “There are thousands – claims the architect Latessa – who are reasoning in this direction. At least 50 thousand, with an estimated loss of around 500 thousand jobs. An enormous hardship that implies debts for hundreds and hundreds of millions of euros. A solution must be found because the country system is at stake here. By blocking the transfer of credit, the real economy is undermined, the small ones and medium-sized businesses that have always represented an essential point of reference. Here, it is a continuous pilgrimage of entrepreneurs who are now on the pavement. Taking action, and doing it immediately, is a duty. A duty for those who have trusted the State and of its standards”.