Bad Debts and Real Estate Auction Sales
Italy, December 2013

www.opicons.com | info@opicons.com
Copyright © 2013 - All ri...
Summary
1. Aim of the Report and Authors
2. Data Source
3. Notes
4. Loans and bad Debts
5. Bad Debts Detail
6. Real Estate...
Aim of the Report
This report aims to provide relevant informations to examine and identify the dad debts
phenomenon in th...
Data source
The informations contained in this report is from Statistical
Bulletins by Bank of Italy, together with a web ...
Notes
The current financial market has
developed important economic and social
complexities. Among these, the “total bad
d...
Loans and bad Debts
2008-2013*
(*June)





Loans +19,78%



Total bad debts


 +88,90%


Banking bad debts


 +200,89%

T...
Bad debts detail
200
€ 190,292 (billion)

Banking bad debts

Total bad debts

€ 176,789 (billion)

150

€ 154,914 (billion...
Real Estate Auction Sales
Real Estate Auction Sales by Location (region), (total Italy 66.022)
Comparison of year 2011 and...
Real Estate Auction Sales

Other
22,89%

Real Estate
Categories
Sold by
Auction

Industrial Properties and similar
3,10%
C...
Real Estate Auction Sales

Islands North East Italy
14,37%
14,39%

Macro
Geographical
Areas

Southern Italy
23,65%

North ...
Real Estate Auction Sales

North-west
Detail
Categories
Residential Properties
Industrial and similar
10000

Industrial an...
Real Estate Auction Sales

North-east
Detail
Categories

Other
24,06%

Industrial and similar
3,64%
Residential Properties...
Real Estate Auction Sales

Central
Detail
Categories

Other
24,89%

Industrial and similar
1,68%
Residential Properties
In...
Real Estate Auction Sales

Southern
Detail
Categories

Other
29,23%

Residential Properties
53,79%
3000

Residential Prope...
Real Estate Auction Sales

Islands
Detail
Categories
Residential Properties
Industrial and similar
5000

Other
24,93%

Ind...
Bad Debts and Real Estate Auction Sales
Italy, December 2013

www.opicons.com | info@opicons.com
Copyright © 2013 - All ri...
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Bad Debts and Real Estate Auction Sales - Italy, december 2013 - Report Opicons-2013-EN

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Bad Debts and Real Estate Auction Sales
Italy, december 2013
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This report aims to provide relevant informations to examine and identify the dad debts phenomenon in the context of real estate loans with a special focus on real estate auctions, providing numbers and geographical indications. The project falls under Opicons' institutional activities which also operates in NON PERFORMING REAL ESTATE LOANS industry by innovative and flexible solutions for credit protection and real estate security preservation.

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Bad Debts and Real Estate Auction Sales - Italy, december 2013 - Report Opicons-2013-EN

  1. 1. Bad Debts and Real Estate Auction Sales Italy, December 2013 www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  2. 2. Summary 1. Aim of the Report and Authors 2. Data Source 3. Notes 4. Loans and bad Debts 5. Bad Debts Detail 6. Real Estate Auction Sales www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  3. 3. Aim of the Report This report aims to provide relevant informations to examine and identify the dad debts phenomenon in the context of real estate loans with a special focus on real estate auctions, providing numbers and geographical indications. The project falls under Opicons' institutional activities which also operates in NON PERFORMING REAL ESTATE LOANS industry by innovative and flexible solutions for credit protection and real estate security preservation. Authors Cristian Pastorino Strong exeperiences in finance, real estate and business development. After many years of experiences in financial and banking institutions, now he is mainly focused in the development of entrepreneurial activities and advisory services. He is the founder and partner of OPICONS, an innovative project wants provide value-added solutions in the real estate financing with a strong focus on Non Performing real estate Loans (NPL's). He is partner at Edilverde Pastorino S.r.l., a company works in landscape enhancement, construction industry, environmental and green engineering and he is also partner at Capitalbrokers S.r.l, a financial broker company. Bachelor degree in Business Administration and Management. Membership of financial adviser salesmen register at Consob. Gerardo Paterna, Real estate consultant and entrepreneur in the sector of real estate services. Professionally is related with real estate and financial institutions for evaluation services, acquisition and commercialization of real estate assets. Membership of real estate agents register since 1999 has managed real estate agencies and worked as manager in some real estate networks. Today is also a Fondocasa corporate consultant and senior partner of Opicons which manages Non performing real estate loans. Great care on aggregative models and market trends he created website immofranchising.net. Today he focuses his thinking activities on his blog www.gerardopaterna.com and he is also a contributor for advisorprofessional.it. www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  4. 4. Data source The informations contained in this report is from Statistical Bulletins by Bank of Italy, together with a web census on the 151 Italian courts. Additions were also made by legal advertising of real estate and property auctions web portals. Important to keep in mind that every single auction can contain multiple lots, so the number of real estate units for sale is at a level much higher (we presume order of hundreds of thousands) of the total number of real estate auctions mentioned in this report. Calculations performed by Opicons. www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  5. 5. Notes The current financial market has developed important economic and social complexities. Among these, the “total bad debts” from year 2008 to year 2013 (June) have had an increase of 88,90% getting record result of 190,29 billion euro, of which 133.89 billion euro related entirely to banks. The direct reflex of this situation is clearly visible in the sector of real estate auction sales. The survey carried on 151 Italian courts, reveals that in as many as 66022 cases (+30,89% than 2011) trying liquidation of the real estate collateral (guarantee) by an auction sale. The real estate auction sales, in 65.32% of cases, affecting residential properties and this creates scenarios of social distress increasingly pronounced. The following numbers, graphically shown, expresses more about the current situation and they are the second step of Opicons' research which asks and hopes for a clear and responsible acknowledgment of the situation by creditors and the introduction of new alternative instruments and flexible solutions (repossess, rent to buy, rent control contracts) that can protect credit's value and can keep a right social balance in the future. Large processes of NPL's management outsourcing and off-truck sale's operations are often ineffective and contribute to a stagnation of the problem that, conversely, needs treatments of greater strength with mixed skills of “approach/financial/real estate” headed by a single conscious direction. www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  6. 6. Loans and bad Debts 2008-2013* (*June) Loans +19,78% Total bad debts +88,90% Banking bad debts +200,89% Total loans Total loans for house purchase € 190,29 (billion) € 133,89 (billion) € 299,30 (billion) 2013 (June) € 176,79 (billion) € 121,97 (billion) € 301,53 (billion) 2012 2011 € 154,91 (billion) € 105,35 (billion) € 317,78 (billion) 2010 € 136,34 (billion) € 76,83 (billion) € 305,83 (billion) 2009 € 118,92 (billion) € 59,69 (billion) € 246,72 (billion) 2008 € 100,74 (billion) € 44,50 (billion) € 231,90 (billion) Total bad debts Total banking bad debts € 1.875,02 (billion) € 1.956,30 (billion) € 1.977,69 (billion) € 1.735,30 (billion) € 1.560,75 (billion) € 1.565,30 (billion) www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  7. 7. Bad debts detail 200 € 190,292 (billion) Banking bad debts Total bad debts € 176,789 (billion) 150 € 154,914 (billion) € 136,344 (billion) € 133,891 (billion) € 121,971 (billion) € 118,921 (billion) 100 € 105,347 (billion) € 100,735 (billion) € 76,827 (billion) € 59,694 (billion) 50 € 44,497 (billion) 0 2008 2009 2010 2011 2012 2013 (June) www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  8. 8. Real Estate Auction Sales Real Estate Auction Sales by Location (region), (total Italy 66.022) Comparison of year 2011 and year 2013 (+ 30,89%) Valle d'Aosta Piedmont Liguria Lombardy Emilia Romagna Friuli Venezia Giulia Trentino Alto Adige Veneto Marche Umbria Tuscany Lazio Abruzzo Molise Basilicata Calabria Campania Apulia Sardinia Sicily 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 2011 2013 158 161 4.912 5.719 726 888 7.472 11.473 1.767 2.867 1.200 1.001 511 647 1.856 4.970 1.098 1.549 291 335 2.424 3.416 7.054 7.880 1.245 2.087 513 540 334 339 2.027 3.556 3.242 4.911 5.153 4.184 2.432 2.615 6.030 6.884 0 3000 6000 9000 Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com 12000
  9. 9. Real Estate Auction Sales Other 22,89% Real Estate Categories Sold by Auction Industrial Properties and similar 3,10% Commercial Properties 8,69% Residential Properties 65,32% www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  10. 10. Real Estate Auction Sales Islands North East Italy 14,37% 14,39% Macro Geographical Areas Southern Italy 23,65% North West Italy 27,63% Central Italy 19,96% www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  11. 11. Real Estate Auction Sales North-west Detail Categories Residential Properties Industrial and similar 10000 Industrial and similar Other 1,09% 14,34% Commercial Properties 5,66% Commercial Properties Other 7500 Residential Properties 78,91% 5000 2500 0 Valle d'Aosta Piedmont Liguria Lombardy www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  12. 12. Real Estate Auction Sales North-east Detail Categories Other 24,06% Industrial and similar 3,64% Residential Properties Industrial and similar 3000 Commercial Properties Commercial Properties Other 5,94% Residential Properties 66,37% 2250 1500 750 0 Emilia R. Friuli V.G. Trentino A.A. Veneto www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  13. 13. Real Estate Auction Sales Central Detail Categories Other 24,89% Industrial and similar 1,68% Residential Properties Industrial and similar 6000 Commercial Properties Other Commercial Properties 9,70% Residential Properties 63,73% 4500 3000 1500 0 Marche Umbria Tuscany Lazio www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  14. 14. Real Estate Auction Sales Southern Detail Categories Other 29,23% Residential Properties 53,79% 3000 Residential Properties Industrial and similar Commercial Properties Other Industrial and similar 6,31% 2250 Commercial Properties 10,67% 1500 750 0 Abruzzo Molise Basilicata Calabria Campania Apulia www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  15. 15. Real Estate Auction Sales Islands Detail Categories Residential Properties Industrial and similar 5000 Other 24,93% Industrial and similar 3,14% Commercial Properties Commercial Properties Other Residential Properties 59,35% 12,58% 3750 2500 1250 0 Sardinia Sicily www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com
  16. 16. Bad Debts and Real Estate Auction Sales Italy, December 2013 www.opicons.com | info@opicons.com Copyright © 2013 - All rights reserved - In case of publication is obligatory to quote the source www.opicons.com

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