... buildings is still ridden with uncertainty. The aim of this study is to shed some light on market rent and price premiums as perceived by professional operators in Italy. Design/methodology/approach – A survey of two cohorts of real estate stakeholders, either members of the Green Building Council...

...Paola Zocchi Purpose In Italy three quarters of the stock of households' mortgage debt is exposed to interest rate risk. The aim of this paper is to explain why the majority of mortgage holders in the Italian residential mortgage market have chosen a mortgage with a variable interest rate...

... consists of the current aggregate value of total assets (being real estate values estimated by independent appraisers) less total liabilities of the company (Bank of Italy, 2005‐2008). The same valuation standard also applies to new share issues despite market price premiums or discounts to NAVs...

... procedures. The purpose of this paper is to test the relevance of the economic cycle in Italy on the determinants of the recovery process both at national and regional level. Design/methodology/approach The first step is to identify the determinants of the real estate loans recovery process duration...

... funds), for the main purpose of financing investments in property, property related interests or property companies (Giannotti, 2005) [1] . The assets collected by the funds are managed by an investment management company (in Italy, the so‐called, SGR, in accordance with the fund's statement (Biasin...

... companies pay taxes on general income and foreign investors do not pay taxes in Italy. However, IREMFs are not the same as REITs, called SIIQs in Italy, which are companies and are internally managed; IREMFS are mutual funds and are externally managed. Giacomo Morri can be contacted at: giacomo.morri...

... Investment funds Italy The maximum term for IREMFs is set by the legislator as 30 years, even if a three year grace period can be requested in the event of delays in divesting the assets. Every instrument of financing is allowed except the issuance of bonds. For retail IREMFs it is possible...

... to evaluate real estate portfolios. Claudio Giannotti can be contacted at: giannotti@lum.it © Emerald Group Publishing Limited 2008 Real estate Risk management Risk assessment Financial risk Italy Since the second half of the 1980s, several attempts have been made to extend...