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AstaSy: 836 properties auctioned every day

19 August, Italia Oggi

In the first half of 2019, the auctioned properties were 152,708, against the 128 thousand reported in the same period of last year. The assets are worth over 25 billion euro altogether, although they are reduced on average by 56% once sold. 95% of the properties are valued below 500 thousand euro. 74% of the assets originate from foreclosures, 24% from bankruptcies, agreements among creditors, and debt restructuring. Most of the auctioned properties are located in Lombardy (19.05%), followed by Sicily (8.85%) and Emilia-Romagna (8.53%).

Source: Italia Oggi

Translator: Cristina Ambrosi

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