Sales of real estate units and loans - II Q 2010

January 29, 2015
Sales of real estate units and loans
III quarter 2014
Istat publishes data for the third quarter of 2014 on notarial deeds for both the sale of real estate units divided into residential units (homes and appurtenances) and business units - and the stipulation of
mortgage-secured loans.
In the Italian version of Istat website is available a set of tables containing regional details and records
from various District Notarial Archives.
Notarial deeds – Transfers of properties of real estate units
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In the third quarter of 2014, nationwide real estate unit sales agreements totalled 133,265, increasing by
3.7% over the same period of the previous year. 124,519 (93.4%) transfers of properties concerned
homes and appurtenances and 7,971 (6.0%) real estate units for business purposes (Table 1, Figure 1).
In relation to the type of use, sales of residential properties increased by 3.7%, whereas sales of
properties for business use increased by 4.8%.
FIGURE 1 – SALES OF REAL ESTATE UNITS BY TYPE OF USE. I quarter 2008 - III quarter 2014 (year over year
percentage changes)
(*) Artisan, commercial, industrial use; office use; rural use (rural buildings not appurtenant to agricultural land).
In the third quarter of 2014, transfers of properties increased in all the geographical areas. The Centre
(+5.2%) and the North-East area (+4.5%) were the most involved geographical areas in a relevant
increase as far as homes and appurtenances are concerned, whereas for transfers of units for business,
the Islands (+17.7%) and the Centre (+16.6%) registered the best percentage change.
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Including sales of properties and appurtenances for residential use, business use, special use (excluding boat moorings) and timeshare properties.
TABLE 1 – TRANSFER OF PROPERTIES OF REAL ESTATE UNITS (A) BY QUARTER, TYPE OF USE AND
GEOGRAPHICAL AREA. I-III QUARTER 2014 (ABSOLUTE VALUES AND YEAR OVER YEAR PERCENTAGE CHANGES)
GEOGRAPHICAL AREA
I quarter 2014
Number
II quarter 2014
2014/2013
percent
change
III quarter 2014
Number
2014/2013
percent
change
TOTAL
Number
I-III quarter 2014
2014/2013
percent
change
Number
2014/2013
percent
change
North-West
46,359
-0.7
51,730
-2.9
42,425
2.3
140,514
-0.6
North-East
27,819
3.6
30,959
-0.5
27,649
3.6
86,427
2.1
Centre
29,871
8.1
31,401
-2.1
27,287
5.9
88,559
3.6
South
24,921
-2.9
26,127
-5.3
24,279
3.2
75,327
-1.9
Islands
11,746
-2.7
11,777
-8.3
11,625
4.6
35,148
-2.5
140,716
1.3
151,994
-3.1
133,265
3.7
425,975
0.4
Italy
OF WHICH: FOR RESIDENTIAL USE AND APPURTENANCES
North-West
43,042
-0.3
48,371
-2.6
39,551
2.5
130,964
-0.3
North-East
25,709
3.8
28,744
-0.5
25,816
4.5
80,269
2.4
Centre
28,151
8.9
29,551
-1.7
25,566
5.2
83,268
3.8
South
23,031
-3.4
24,237
-5.4
22,594
2.9
69,862
-2.2
Islands
11,139
-2.7
10,930
-9.7
10,983
3.9
33,052
-3.1
131,072
1.5
141,833
-3.1
124,510
3.7
397,415
0.5
Italy
OF WHICH: FOR BUSINESS USE (b)
North-West
3,003
0.8
3,023
-3.2
2,578
1.4
8,604
-0.5
North-East
1,977
4.3
2,034
-1.2
1,722
-3.6
5,733
-0.1
Centre
1,623
-2.7
1,714
-5.1
1,598
16.6
4,935
1.8
South
1,689
2.9
1,634
-6.4
1,482
5.6
4,805
0.3
568
5.8
721
4.5
591
17.7
1,880
8.7
8,860
1.6
9,126
-3.2
7,971
4.8
25,957
0.8
Islands
Italy
(a) Agreements present in notarial deeds
(b) Artisan, commercial, industrial use; office use; rural use (rural buildings not appurtenant to agricultural land).
The positive trend for transfers of properties of real estate units showed a better trendin the metropolitan
city district notarial archives (+4.8%) than in the smallest ones (+2.8%). Moreover, as far as the business
use is concerned, in metropolitan city District Notarial Archives the sales’ increase registered a variation of
+14.7% (Table 2).
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TABLE 2 – TRANSFER OF PROPERTIES OF REAL ESTATE UNITS (A) BY QUARTER, TYPE OF USE AND DISTRICT
NOTARIAL ARCHIVE. I-III QUARTER 2014 (ABSOLUTE VALUES AND YEAR OVER YEAR PERCENTAGE CHANGES)
I quarter 2014
TYPE OF DISTRICT
NOTARIAL
ARCHIVE
Number
II quarter 2014
2014/2013
percent
change
Number
III quarter 2014
2014/2013
percent
change
Number
I-III quarter 2014
2014/2013
percent
change
Number
2014/2013
percent
change
TOTAL
Located in
metropolitan cities (b)
63,885
3.4
69,194
-3.0
58,290
5.3
191,369
1.5
Located in other cities
76,831
-0.3
82,800
-3.2
74,975
2.4
234,606
-0.5
140,716
1.3
151,994
-3.1
133,265
3.7
425,975
0.4
Total
OF WHICH: FOR RESIDENTIAL USE AND APPURTENANCES
Located in
metropolitan cities (b)
60,052
3.7
64,950
-3.1
54,687
4.8
179,689
1.5
Located in other cities
71,020
-0.3
76,883
-3.1
69,823
2.8
217,726
-0.3
131,072
1.5
141,833
-3.1
124,510
3.7
397,415
0.5
Total
OF WHICH: FOR BUSINESS USE (c)
Located in
metropolitan cities (b)
3,387
4.3
3,608
-1.1
3,190
14.7
10,185
5.3
Located in other cities
5,473
-0.1
5,518
-4.5
4,781
-0.9
15,772
-1.9
Total
8,860
1.6
9,126
-3.2
7,971
4.8
25,957
0.8
(a) Agreements present in notarial deeds.
(b) Milano, Torino, Venezia, Trieste, Genova, Bologna, Firenze, Roma, Napoli, Bari, Reggio Calabria, Messina, Catania, Palermo,
Cagliari.
(c) Artisan, commercial, industrial use; office use; rural use (rural buildings not appurtenant to agricultural land).
Notarial deeds – Stipulation of mortgages-secured loans
Nationwide, 66,350 mortgage-secured loans were stipulated in the third quarter of 2014, with a positive
increase +13.9% (Table 3, Figure 2).
FIGURE 2 – STIPULATED MORTGAGE-BACKING LOANS. I QUARTER 2008 – III QUARTER 2014 (YEAR OVER YEAR
PERCENTAGE CHANGES).
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Mortgage-secured loans registered higher than national average increases in the South (+22.6%), in the
Islands (+21.8%) and in the Centre (+16.5%).
Mortgage-secured loans stipulated in metropolitan cities showed a very positive increase (+16.1%), which
also characterises that of archives of smaller cities (+12.4%) (Table 3).
TABLE 3 – STIPULATED MORTGAGE-BACKING LOANS BY QUARTER, GEOGRAPHICAL AREA AND TYPE OF DISTRICT
OF NOTARIAL ARCHIVE. I-III QUARTER 2014 (ABSOLUTE VALUES AND YEAR OVER YEAR PERCENTAGE CHANGES)
I quarter 2014
II quarter 2014
III quarter 2014
Number
GEOGRAPHICAL AREA
2014/2013
percent
change
Number
2014/2013
percent
change
Number
2014/2013
percent
change
I-III quarter 2014
Number
2014/2013
percent
change
MORTGAGE-BACKING LOANS
North-West
20,676
1.8
23,999
2.5
21,421
10.1
66,096
4.6
North-East
15,444
5.1
17,654
2.9
17,030
10.6
50,128
6.1
Centre
14,419
11.6
16,045
9.6
14,569
16.5
45,033
12.4
South
8,622
3.4
9,613
10.6
9,110
22.6
27,345
11.8
Islands
3,923
2.1
4,334
2.3
4,220
21.8
12,477
8.1
63,084
5.0
71,645
5.1
66,350
13.9
201,079
7.8
Italy
MORTGAGE-BACKING LOANS
I quarter 2014
TYPE OF DISTRICT
NOTARIAL ARCHIVE
Number
II quarter 2014
2014/2013
percent
change
Number
III quarter 2014
2014/2013
percent
change
Number
2014/2013
percent
change
I-III quarter 2014
Number
2014/2013
percent
change
Located in metropolitan
cities (b)
26,578
7.4
30,509
5.8
27,464
16.1
84,551
9.5
Located in other cities
36,506
3.3
41,136
4.6
38,886
12.4
116,528
6.7
Italy
63,084
5.0
71,645
5.1
66,350
13.9
201,079
7.8
(a) Milano, Torino, Venezia, Trieste, Genova, Bologna, Firenze, Roma, Napoli, Bari, Reggio Calabria, Messina, Catania, Palermo,
Cagliari.
For more details please refer to the Italian version
Contact person:
Daria Squillante (squillante@istat.it)
Socio-demographic and environmental statistics directorate
Istat - National Institute of Statistics
Viale Liegi, 14 - 00198 Rome Italy
Phone +39 06 4673.7247
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Methodological notes
A survey is conducted each year on notarial activity by collecting data directly from the approximately
5,000 notaries in operation. Notaries submit quarterly statistical data to the relevant District Notarial
Archive which first checks that the data are complete and compliant with quality requirements, then
transmits them to the Central Notarial Archives Office. The latter, after further verification, sends the data
to Istat.
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The survey model used provides a comprehensive overview of notarial activity and a set of socioeconomic information that is significant for the collectivity as a whole. The agreements stipulated by
notaries are organized into groups to highlight the most significant phenomena. Among the main
agreements contained under the category “Deeds of transfer for valuable consideration” is the sale of real
estate units distinguished in terms of their intended use: residential; business (rural buildings, offices,
artisan, commercial and industrial use); special use; time-share. Among the agreements contained under
the category “Warranty deeds” are included mortgage-secured property loans, finance and other bonds
distinguished according to whether they are granted by a bank or entity other than a bank. Lastly,
agreements for the stipulation of loans, finance and credit facilities that are not secured by real estate
mortgage are included in the category “Mandatory deeds”.
Glossary
District notarial archive: under the administration of the Ministry of Justice, its task is to preserve past
notarial deeds, monitor the exercise of notarial functions, regularise deposited notarial deeds, publish
testaments and manage the general registry of testaments, and issue copies of the preserved deeds. At
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present there are 94 District Notarial Archives in Italy .
Notarial deed: formal expression of the will of an individual or group of associates made before a notary.
Sales of real estate units: agreements relating to the sale of: rural buildings not appurtenant to
agricultural land; real estate units and appurtenances for residential use; real estate units for office use;
real estate units for artisan, commercial and industrial use; real estate units for special use (excluding
boat moorings); time-share properties. For statistical purposes the sale of a share in a property is
considered equivalent to the sale of an entire property. Therefore both the sale of an entire property or a
share (or several shares simultaneously) are surveyed as individual agreements.
Sales of rural buildings, that are not appurtenant to agricultural land: instrumental asset for the
exercise of agricultural activity (art. 9 of Legislative Decree 557/93 and subsequent amendments and
integrations). Land registry category D/10.
Sales of real estate units and appurtenances for residential use: land registry category A (excluding
A/10) and C (excluding C/1 and C/3).
Sales of real estate units for office use: land registry category A/10.
Sales of real estate units for artisan, commercial and industrial use: land registry categories C/1, C/3
and D (excluding D/10).
Sales of real estate units for special use (excluding boat moorings): land registry category B.
Sales of time-share properties: purchase of a share of a property, occupancy of which is limited to a
given rotating time period.
Agreement: understanding or contract contained in a notarial deed.
Mortgage-secured loan: agreement by which a loan, finance or other bonds issued by a bank is secured
by a real estate mortgage; agreement by which a loan, finance or other bonds issued by an entity other
than a bank is secured by a real estate mortgage.
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See Appendix to Information Volume n. 43 of 2001 “Notarial activity. Years 1998-1999. A regional analysis.
3
Ministry of Justice: Decree of 30 July 1997 (published in ordinary supplement n. 199 of the Official Journal of 1 October 1997 –
general series – n. 229); Decree of 23 December 2009 (published in the Official Journal of 28 December 2009 – general series – n.
300).
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