Italian auction market: investigating forced sale value

Paola Amoruso and Massimo Mariani

ERES from European Real Estate Society (ERES)

Abstract: The present work focuses on the considerable amount of real estate non-performing loans in Italy, not favored by the state of judicial proceedings. In this view various governmental initiatives intended to facilitate a more efficient liquidation of underlying real estate assets. In this regard, it could be useful better understand main causes of discount between market value and forced sale price with the primary aim of a more comprehensive determination of the value of mortgages ‘underlying guarantees and not least in order to improve further valorization processes of assets intended to get a higher selling price; starting from results of existing literature, an analysis of main determinants of the gap between the estimated listing price and forced sale value has been conducted, sampling 225 cases of forced residential property sales between 2014 and 2018 in the South of Italy.

Keywords: discount between market value and forced sale price; forced sale value; Italian auction market; Market Value; real estate non-performing loans (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2019-01-01
New Economics Papers: this item is included in nep-eur and nep-ure
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2019-91 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2019_91

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().