Vatican revealed how many properties it owns for the first time in its history

Between the two documents – each with an unprecedented number of pie charts, graphs and maps – and two explanatory interviews, the Vatican has published over 50 pages of financial material.

APSA’s 30-page budget has shown that it has 4,051 properties in Italy and 1,120 abroad, not counting their embassies around the world.

Only 14% of its properties in Italy have been leased at market prices, while the rest have been leased at discounted prices, many of them to Church employees. About 40% were institutional buildings, such as schools, convents and hospitals.

Documentation has shown that APSA owns investment properties in upscale areas of London, Geneva, Lausanne and Paris.

One of the buildings, in London’s upscale South Kensington district, suffered huge losses after it was purchased by the Vatican Secretariat of State as an investment in 2014.

On Tuesday, the trial of 10 people in connection with his purchase begins in the Vatican, including a prominent cardinal. They are accused of financial crimes such as embezzlement, money laundering, fraud, extortion and abuse of office.