FORECLOSED HOMES MARKET IN ITALY: BASES OF VALUE

摘要

The aim of the paper is filling the gap in the existing Italian literature on the quantitative determination of FV. The concept of FV is generally defined in comparison to the Market Value (MV) of a property. By an empirical investigation, we identify the quantitative relationship existing between these two types of value and analyze the determinants of the Italian real estate forced sale auction market.