Snapshot #4 Rome Rome Page 2 Analysis Fields
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SNAPSHOT #4 ROME ROME PAGE 2 ANALYSIS FIELDS 1 2 3 General framework Attractiveness F O C U S O N The municipality of Rome • Nomisma I2I Score • Attractiveness • Territorial a s s e t s benchmarking www.italy2invest.it GENERAL 1 FRAMEWORK Municipality analysis PAGE 4 Rome Airport: YES High speed railway: YES SURFACE AREA 1287,4 km2 POPULATION 2,873,494 inhabitants DENSITY Nearest port: CIVITAVECCHIA 2,232 inhabitants/km2 (77 km) DISTANCE FROM THE MAIN CITIES*: TORINO 6 5 3 k m MILANO 6 0 0 k m NAPOLI 2 2 0 k m *Road distance ATTRACTIVENESS 2 NOMISMA I2I SCORE Italy2Invest – What is PAGE 7 Synthetic index on municipalities attractiveness www.italy2invest.it TALY2INVEST is the first integrated platform of Urban Data Intelligence that DATA STEP offers data to measure ATTRACTIVENESS, COMPETITIVENESS and WELLNESS • Collection (+250 indicators) 1 OF ITALIAN TERRITORIES and it offers advice to support the choices of investors • Cleaning and policy makers. Attractiveness is a complex measure that expresses the ability • Modeling Data • of a territory to attract, enhance and retain strategic resources, capital, Reduction • Transformation preparation technologies and human resources. The methodological approach adopted by ITALY2INVEST in order to measure the attractiveness provides this following steps: STEP 2 Aggregation of Implementation of a definitional scheme that allows to map in a indicators in 8 multidimensional way the different conceptual fields of a territory analysis attractiveness domains Identification of 8 domains that contribute to the determination of 8 DOMAINS OF ANALYSIS attractiveness 1. Environment 2. Socio-Economic Conditions Data collection strategy that has identified and systematized 22 public 3. Business and private sources with municipal data 4. Real Estate Market STEP 3 5. Public Administration and Justice Design of a database with 250 indicators for 7954Italian municipalities 6. Population NOMISMA Implementing an algorithm of data reduction in synthetic indicators for 7. Services (allocations and each domain and in NOMISMA I2I SCORE expenditure) I2I SCORE 8. Tourism SOURCE: Nomisma Italy2Invest I2I NOMISMA SCORE – Overview PAGE 8 Synthetic index of municipalities attractiveness I2I SCORE 63.5 ROME Total DISTRICTS METROPOLITAN ITALIAN CAPITALS CITIES MUNICIPALITIES I2I Score- I2I Nomisma SCORE minimum 28.8 45.3 49.8 63,5 ROME I2I Score- maximum 75.2 75.2 75.2 RANKING ITA 22/7954 I2I Score- average 52.7 60.8 63.4 SOURCE: Nomisma Italy2Invest www.italy2invest.it TERRITORIAL BENCHMARKING I2I NOMISMA SCORE – Territorial benchmarking PAGE 10 Metropolitan cities and Top20 Capitals districts Ranking I2I Top20 – Capitals districts Score I2I Capitals districts Ranking I2I Metropolitan Cities Score I2I Milan 75,2 1 Italy Florence 71,4 2 Milan 75,2 1 Bologna 68,8 3 Florence 71,4 2 Brescia 68,8 4 Bergamo 68,4 5 Bologna 68,8 3 Como 65,7 6 Turin 65,2 8 Turin 65,2 7 Rome 63,5 22 Modena 65,1 8 Genova 62,5 28 Pavia 64,7 9 Udine 64,5 10 Venice 61,0 53 Trieste 64,4 11 Cagliari 60,4 72 Mantova 64,3 12 Naples 58,4 164 Trento 64,1 13 Bari 58,4 166 Bolzano 64,0 14 Monza 64,0 15 Palermo 54,6 631 Padova 63,8 16 Catania 51,8 1448 Rome 63,5 17 Messina 50,4 2013 Treviso 63,5 18 Reggio di Calabria 49,8 2220 Parma 63,5 19 Pisa 63,2 20 SOURCE: Nomisma Italy2Invest I2I NOMISMA SCORE – Territorial benchmarking PAGE 11 Territorial comparison: the attractiveness compared to the interest target ROME Score 63,5 5,0 4.5 4,5 I2I SCORE compared to the average of 4,0 metropolitan Cities (points difference) 3,5 3,0 2,5 2,0 I2I SCORE compared to the average of 1,5 Italian provinces (points difference) 1,0 0,5 0.2 0,0 SOURCE: Nomisma Italy2Invest FOCUS ON Attractiveness 3 assets I2I SCORE – Single domains contribution PAGE 13 The contribution of the analyzed domains in the definition of the attractiveness of Rome and the others Metropolitan Cities ROME Metropolitan Cities REAL ESTATE MARKET 16% TOURISM 16% TOURISM 16% REAL ESTATE MARKET 16% SOCIO-ECONOMIC SERVICES – CONDITIONS 14% ALLOCATIONS AND EXPENDITURE 15% POPULATION 14% POPULATION 15% SERVICES – ALLOCATIONS AND EXPENDITURE 14% SOCIO-ECONOMIC CONDITIONS 13% COMPANIES AND CREDIT 11% COMPANIES AND CREDIT 12% PUBLIC PUBLIC ADMINISTRATION 9% ADMINISTRATION 9% ENVIRONMENT 6% ENVIRONMENT 5% SOURCE: Nomisma Italy2Invest TOP 3 DOMAINS PAGE 14 The 3 domains that determine the attractiveness of Rome 1 Real Estate Market • Index of intensity of the Real estate market, Commercial, Tertiary and Residential • Shops and houses prices Tourism 2 Real Estate market • Accommodations per km² • Total tourist arrivals per km² Tourism • Foreign tourism Socio-economic ROMA • Gross utilization index of beds conditions 3 Socio-economic conditions • Average taxable income for taxpayers 2016(€) • Gini concentration index of taxable income IRPEF • % of Taxpayers with less than 10,000 euros of IRPEF • Education index • Share of resident population with university degree on the total population *for every domain principal variables considered in the analysis are indicated SOURCE: Nomisma Italy2Invest www.italy2invest.it REAL ESTATE MARKET/1 PAGE 15 AVERAGE WEIGHTED PRICES FOR USED HOUSES, OFFICES AND SHOPS VAR % I sem 2018 vs I sem 2013 4499 4.500 4388 4333 €/sq. 4261 4129 4043 -12.6% 4.000 3911 3832 3776 3738 3715 3692 3659 3634 3610 3519 3488 3420 3.500 3367 -12.6% 3414 3246 3360 3163 3302 3244 3062 3022 2967 3.000 3133 2933 2900 3062 2877 2863 2861 2837 2977 2916 -13.2% 2865 2840 2811 2766 2752 2740 2721 2.500 I sem II sem I sem II sem I sem II sem I sem II sem I sem II sem I sem II sem I sem II sem I sem 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 Houses Offices Shops SOURCE: Real Estate Monitor NOMISMA www.italy2invest.it REAL ESTATE MARKET/2 PAGE 16 AVERAGE WEIGHTED RENTS FOR USED HOUSES, OFFICES AND SHOPS VAR % 339,6 I sem 2018 vs 340 330,7 322,5 I sem 2013 317,6 €/sq./year 309,7 306,3 300,5 295,3 291,5 287 285,2 290 281,5 281,3 278,3 277,2 -10.5% 240 -7.2% 191,1 188,7 185,6 190 182,6 177,9 175 188,3 170,7 167,9 183,2 165 163,7 163 181,8 178,6 161,3 160,3 158,8 157,9 174,1 172,4 -11.3% 168,9 166,7 165,7 164,1 163,8 162 161,9 161,6 161,5 140 I sem II sem I sem II sem I sem II sem I sem II sem I sem II sem I sem II sem I sem II sem I sem 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 Houses Offices Shops SOURCE: Real Estate Monitor NOMISMA www.italy2invest.it REAL ESTATE MARKET/3 PAGE 17 VAR % NUMBER OF TRANSACTIONS IN RESIDENTIAL, VAR % NUMBER OF TRANSICTIONS I TT 2018 vs 2017-2012 TERTIARY AND COMMERCIAL SECTOR I trimester 2018 (TT) I TT 2017 40.000 33854 31131 32.000 30214 18.93% 120 -14.80% 27107 27356 25660 23769 24.000 16.000 21.32% 7,077 -1.87% 8.000 2035 1397 1364 1361 1504 1746 1849 908 471 444 420 495 517 560 32.32% 426 -1.55% 0 2011 2012 2013 2014 2015 2016 2017 Tertiary Residential Commercial SOURCE: Nomisma’s Monitor on Real Estate www.italy2invest.it TOURISM PAGE 18 Tourist Supply The analysis concerns TOURIST DISTRICTS* Accommodations per kmqs** Number of accommodations in Rome** 12,405 accommodations Other Municipalities Viterbo 7% Rieti - Viterbo ROME 9.6 Terminill Total hospitality o Other Municipalities of which structures in Rieti Lazio 1 Italy Other Italy 0.6 Municipalities Roma 1,120 hotels 11,285 not hotels Lake locations Frosinone **data at 2016 * TOURIST DISTRICTS : territorial entity made up of 1 or more municipalities, belonging to a homogeneous tourist system for characteristics of the accommodation supply (density of accommodations, business structure of the tourism sector, etc) and by demand (principal travel reason)) SOURCE: : Nomisma Tourism and Territory 2017 www.italy2invest.it TOURISM PAGE 19 Tourist Demand The analysis concerns TOURIST DISTRICTS* Share of foreign arrivals on the total arrivals** Arrivals and attendance in Rome** Other Municipalities 8,852,890 total arrivals Viterbo Viterbo Rieti - Terminillo ROME 69% 7,6% Other of which Total arrivals in Municipalities Rieti Lazio 62% Italy 6,105,366 foreign arrivals Other Municipalities Italy 49% Roma Lake locations Frosinone 25,191,580 total attendance **data at 2016 * TOURIST DISTRICTS : territorial entity made up of 1 or more municipalities, belonging to a homogeneous tourist system for characteristics of the accommodation supply (density of accommodations, business structure of the tourism sector, etc) and by demand (principal travel reason)) SOURCE: Nomisma Tourism and Territory 2017 www.italy2invest.it The analysis concerns TOURIST DISTRICTS* TOURISM * TOURIST DISTRICTS : territorial entity made up of 1 or more municipalities, belonging to a homogeneous tourist PAGE 20 system for characteristics of the accommodation supply (density of accommodations, Sentiment business structure of the tourism sector, etc) and by demand (principal travel reason)) Indicator that reflects the perception of accommodation taking into account the reviews of visitors registered on the main portals (TripAdvisor, Booking, Expedia, Google)** Sentiment italian tourists Sentiment foreign tourists ROME 80.3 Other Municipalities Viterbo Rieti - Viterbo Rieti - Lazio 84.9 Viterbo Terminillo Terminillo Other Other Municipalities Municipalities Rieti Italy 86.6 Viterbo Other Municipalities Altri comuni Rieti Roma Altri comuni Roma Lake locations Lake locations Frosinone ROME 74.0 Frosinone Lazio 86.5 Italy 88.1 SOURCE: Nomisma Tourism and Territory 2017 **October 2017 www.italy2invest.it SOCIO-ECONOMIC COONDITIONS PAGE 21 Average % of Taxpayers with taxable income less than 10,000 for taxpayers euros of IRPEF 2016 (€) ROME 26,961.42 28.40% Metropolitan Cities 25,677.96 28.55% Capitals 24,313.46 28.05% districts SOURCE: Italy2Invest Nomisma, 2018 **October 2017 www.italy2invest.it Nomisma SpA www.nomisma.it CONTACTS www.italy2invest.it +39 051 6483345 [email protected].