The role played by the Italian Public Administration in attracting investment for the enhancement of Real Estate Assets

The aspects related to effciency of PAs' licence-issuing procedures plays a key role for the strategy of a property investment. The paper deals with this topic by showing a survey's results which - since 2008 -involved the main Italian Local Public Administration and which analyzed processes and actions put in place to promote the attraction of Real Estate investments. The paper presents the survey's results of Permanent Observatory on Local Public Administrations (OPPAL), which deals with the efficiency of the licence-issuing procedures applied by the Local Public Administration (LPA) in Italy to attract investment. The survey analysed the town-planning and building procedures implemented in the largest Italian Municipalities and it studied the issue of the efficiency of permit-granting procedures. The Permanent Observatory on Local Public Administrations (OPPAL) survey underlines two main aims: - to offer an opportunity to promote the territory by promoting transparency about and disseminating the practices adopted for investment licensing procedures; - to provide valuable support in defining the strategic investment choices of Real Estate operators. This paper highlights the value of a ten-year analysis, as an unique tool at national level, for attracting investment for the enhancement of Real Estate Assets.