Abilio OI Full Year 2023

Main trends in the judicial real estate market in Italy between 2019 and 2023

Abilio S.p.A., part of the Illimity Group and Immobiliare.it released key data from the Real Estate Observatory of Judicial Sales for 2023.

The report explores trends in the judicial real estate market in Italy between 2019 and 2023, highlighting critical aspects and opportunities. It turns out an increase in bankruptcy proceedings in 2023, the first growth since 2016, heralding a possible increase in bankruptcy proceedings and judicial sales.

In 2023, there were 154,000 judicial sales, down 20 percent from the previous year, reflecting a return to normal post-COVID progression. The total value of auctions fell to 24 billion, with an inventory of about 100 thousand properties valued at 13.6 billion, marking a 20 percent decline.

Analysis of the first two months of 2024 shows a continuation of the downward trend already noted in 2023, with a 14 percent drop in sales attempts compared to the same period in the previous year, reaching 24,000 with an auction value of 3.5 billion, marking a 17 percent decrease. This slowdown, less pronounced than in the previous two-year period, suggests a possible stabilization.

The current scenario calls for the adoption of best practices nationwide and underscores the importance of specialized operators in improving the efficiency of judicial sales. These operators, through detailed analysis and targeted sales strategies, help optimize liquidation outcomes.

In addition, the increasing use of telematic auctions, supported by both regulations and post-pandemic adaptation of the courts, demonstrates a commitment to efficiency and modernization of the sale process. Abilio, with its experience and widespread presence in the Italian courts, confirms its role as a leader in the sector, maintaining stable volumes of auctions handled despite the general decline in the market and anticipating a continued commitment in the face of increasing bankruptcy proceedings.

Renato Ciccarelli, CEO of Abilio, commented, "The current data and economic environment indicate a gradual and progressive recovery of the judicial sales market. For this reason, too, the adoption of industry best practices at the national level, flanked by increasing digitalization, is desirable in order to improve efficiency and reduce the time of sales with the support of Specialized Subjects.

The synergy between the latter and the Courts is growing and Abilio, as a key player, has achieved an increasing market share, thanks to the quality of services offered in an increasingly challenging environment. We will continue our efforts to continue growing in this market, carefully evaluating the opportunities that will arise in the future."

Relevant Links:

https://oi.abilio.com/

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