Vatican reveals property holdings for first time in transparency drive

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The Vatican released information on its real estate holdings for the first time on Saturday, revealing it owns more than 5,000 properties as part of its most detailed financial disclosures ever.

The information was contained in two documents, a consolidated financial statement for 2020 for the Holy See and the first-ever public budget for the Administration of the Patrimony of the Holy See .

The 30-page APSA budget showed that it owns 4,051 properties in Italy and about 1,120 abroad, not including its embassies around the world. On Tuesday, the trial of 10 people in connection with its purchase, including a prominent cardinal, starts in the Vatican. They are charged with financial crimes including embezzlement, money laundering, fraud, extortion and abuse of office.

 

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