Data from RE distressed market: Properties auctions in Italy

Abstract

This paper reports data describing Real Estate (RE) distressed market, focusing on properties foreclosures occurred in North-East Italy. A survey was carried out consulting financial institutions, courts of law and different associations of public notaries. The aim of this survey was to record RE auctions, collecting technical and socio-economic features. The novelties of this survey are mainly two. The first consists in the dataset itself, due to the difficult in collecting such type of data in the Italian scenario. The second one is the recording of socio-economic features related to the occurrence of the survived Re auction. The collected socio-economic characteristics regard housing market trends and performance as well as demographic features. These features could be analyzed in order to relate the performances of this type of distressed market and the surrounding urban context. The database come from an analysis of the authors regarding the discount existing between the Forced Sale Price and the Market value, assessed by appraisers. Keywords: Distressed market, Real estate auction, Performance, Survey, Italy