126 billion of euros to renovate 499,709 buildingspractically the 4.1% of all the heritage real estate Italian.
These are the numbers, sum up, of Superbonusthe tax incentive introduced by the government Count II (essentially M5S, Pd and IV) with the aim of relaunching construction and improve the energy efficiency of the real estate assets.
The Superbonus in 2025
The estimate was made byStudy Office from the Cgia Of Mestre. The budget raises questions and contributes to splitting politics, between those who defend the superbonus without if and without but, between those who reject it without appeal and among those who take on an intermediate position, that is, considering theoretically the superbonus the best possible measure, but practically made in the worst way possible.
Despite the subsequent reduction of the rate to 65% (compared to 110% of the original Superbonus), and despite the progressive regulatory stiffening introduced in 2024, in First three months of 2025 The state had to support further 1.8 billion euros of expenditure. A growth mainly attributable to the construction sites already started and the practices still in the liquidation phase, rather than new requests.
The Superbonus in 2025 is reserved for a small audience, namely:
- condominiums;
- buildings from 2 to 4 real estate units;
- Third sector (non -profit organization, voluntary associations, social promotion associations).
To access it, the applicants had to have submitted, by October 15, 2024, a series of documents (i.e. Cila, condominium resolutions, requests for the qualification).
The Superbonus today rewards Campania
The growth of spending in first quarter 2025 He saw a strong geographical concentration. At the top of the ranking we find:
- Campania +301.6 million euros ( +3.4%);
- Marche +87.6 million ( +2.5%);
- Molise +19.3 million ( +2.5%).
At the opposite extreme, the regions with minor growth are these:
- Sardinia +12.7 million ( +0.4%);
- Aosta Valley +3.4 million ( +0.6%);
- Puglia +38.1 million ( +0.6%).
These data highlight a strong territorial dysomogeneity in the use of the Superbonus.
Speaking in general, however, the more active regions were:
- Veneto (5.7% of renovated buildings);
- Emilia-Romagna (5.5%);
- Trentino-Alto Adige (5.4%).
And the less active regions were:
- Sicily (2.2%);
- Calabria (2.6%);
- Puglia (2.9%).
The effects of the Superbonus
By putting the sums, the economic effects they environmental effects of the building superbonus tell a story in which the initial promise was kept only in half.
According to Superbonus supporters, the measure should have generated positive economic effects:
- increase in GDP;
- increase in employment;
- increase in tax revenue (Irpef, IRES, VAT);
- reduction of polluting emissions;
- greater energy saving.
THE’Istatis highlighted, attributes to the Superbonus an impact on economic growth between +1.4% and +2.6% of GDP in the two-year period 2021-2022, a period in which Italian GDP grew a total of +13.7%.
But the analyzes of the Bank of Italy And of the Court of Auditors the enthusiasm dampen:
- 25% of the works would have been carried out, however, even without incentive, which translates into 45 billion of unnecessary public spending;
- Environmental benefits would compensate for costs only over 40 years;
- The incentive has redistributive effects in favor of the weakest classes.
The “damage” of the Superbonus
But another unexpected consequence of the Superbonus was the explosion of prices in construction: Between 2020 and 2023 the construction costs increased by +20%, of which half attributed to the Superbonus. This also had negative impacts on:
- public contracts, since many of them have been suspended or slowed down due to the need to review prices and this has also reverberated on complementary markets (windows, doors, shutters, etc.);
- construction work market, with the birth of many improvised micro-imprese who are now closing;
- Quality of the works carried out, often performed quickly and with materials or labor not up to par, which could generate short-medium term structural critical issues.
