What is involved in an Italian government property auction and are Italian home auctions commonplace?
DOMUS AUCTION
We provide our clients with the possibility to make an immediate gain margin, investing in estates that have been repossessed by the banks and are now sold at a significantly lower price through the Italian Courts.
Perugia | ItalyProcess of buying and selling items by offering them up for bid, taking bids, then selling them to the highest bidder.
What is involved in an Italian government property auction and are Italian home auctions commonplace?
Can Domus Auction Italy help win houses in an Italy home auction?
Are Italy auction homes much cheaper than purchasing a property another way in Italy?
How can I make sure I am following all home auction rules and what are the pros and cons of buying property in Italy?
The government website is not always able to provide all the information, but you can visit the Portale delle Vendite Pubbliche, the official website for the Public Sales to have an overview of the properties that are currently listed, their auction calendar, and other critical details.
A real estate property is put up for auction when the owner falls into default on a loan and the bank or creditor forecloses on the property. The creditor can ask a judge to demand payment from the debtor. If the debtor is unable to pay the debt, the decree becomes enforceable and the creditor can use the property to satisfy their claim and put the property up for judicial auction. To guarantee the creditor’s interests, it is required that the auction comply with the principle of publicity and is offered to an unlimited number of people. Therefore, the offer is included on the Ministry of Justice’s website to fulfill this requirement.
What are the most common types of properties sold all’asta in 2022 in Italy? Only 57.45% of these units are in the Residential category. The other 42.55% is represented by Commercial category, including:
Permitted Use |
Percentage sold at auction |
Residential properties |
57,45% |
Basements, garages, boxes |
10,62% |
Shops, offices and |
12,28% |
Industrial, commercial and laboratories |
3,3% |
Warehouse |
3,05% |
Rural buildings and agricultural land |
11,42% |
The spread of electronic commerce has also had a great influence on this type of procedural activity. The most common auction are asynchronous and are described the following steps:
Perugia
Italy
Monday to Friday 09:00 to 16:00
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Perugia
Italy