TURIN (ITALPRESS) – “The real estate investor is a profession that requires great multidisciplinary competence but, in Italy, there is a lack of basic financial education, starting from the world of training that is obsolete over time. The world is moving faster and faster, while education has been stagnant for decades, especially in the economic and financial fields. It is a strategic issue for the development of the country. This was stated in a note by Andrea Vendola, founder of AV Group.
The extent to which demand for training is predominant among young people is also shown by the success of the recent “Real Estate Investor in Phase” event, organized by AV Group in the capital of Turin. The day aimed to break with traditional training standards to bring aspiring real estate entrepreneurs directly to the “field”, but it was also an opportunity to highlight a topic much loved by Andrea Vendola: the lack of real training in the financial field. which affects his entire generation.
In fact, those who decide to invest in the purchase of a property usually do so to live in it and do not think about making that purchase an income to have a positive cash flow to reinvest.
According to the latest Eurostat data, 72.4% of the Italian population lives in their own house, compared to 27.6% who live in rented accommodation; they are much higher percentages than in other large European countries such as Germany (50.5%) and France (64%) – data source: Eurostat 2021.
The reason for this data lies in the fact that Italians traditionally consider the house as a safe haven. But to understand whether buying a home to live in is the best option, we must consider three elements: duration of the loan – on average 20/30 years, period of time in which the property remains the property of the bank; devaluation: over time, the house becomes obsolete, diminishing its economic value; liquidity lock: By closing your savings on a single asset, you reduce or eliminate the ability to use your money in other investments.
A choice, then, often dictated by cultural heritage and the lack of real training in the financial field. Andrea Vendola’s project fits in this context: her entrepreneurial experience begins during her university studies at the Politecnico di Torino, when she learns about the difficulties her classmates have to face outside the place to find a comfortable and possibly close to the university. . Witnessing their stories, they begin to identify a niche market in which to actively rethink processes. Thus, combining this data with his passion for the real estate sector, Vendola takes advantage of an opportunity with great potential: investing in real estate and making it available to students.
In 2013 he bought his first flat to rent to some college classmates and immediately began offering an all-inclusive service. This is followed by three years of marketing, which give him the opportunity to get to know the business world and, in addition, to look at another environment that has been fundamental to his career: that of training.
In 2018 he considered the time to be ready and founded Turin AV Group, the company that deals with real estate investments for the repositioning and redevelopment of local assets, after a consolidated process: the purchase of abandoned apartments or unsold, not subject to real estate auctions; the restructuring and subsequent replacement in the market under a renewed disguise. Next to him is the income company that is developing an expansion project in the national territory with the brand “Student Home”. To date, AV Group manages more than 80 rental rooms for students in the city of Turin alone and more than 50 commercial operations each year.
Finally, the company has collaborated in other cities, such as Genoa, Bari and Livorno, and aims to expand throughout Italy with a real estate project that will involve many young real estate investors.
– Photo of the press office of the Av Group –