Folie 1 - library.eres.org · The significance of the sub-market on foreclosure sales for the real estate market The SmartFacts Data Centre (SFDC) Market development and trends Typical

Monika Konvicka

SmartFacts Data Services GmbH

ERES 2013

Vienna, 04.07.2013

The significance of the sub-market on foreclosure

sales for the real estate market

The SmartFacts Data Centre (SFDC)

Market development and trends

Typical applications of SFDC data

Summary and conclusions

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Realistic and actual valuation of real estate property?

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Realistic and actual valuation of real estate property?

Realistic and actual transaction prices?

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Valuation exclusively by court-approved experts

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Valuation exclusively by court-approved experts

Market adaption by application of adequate and

actual factors

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Valuation exclusively by court-approved experts

Market adaption by application of adequate and

actual factors

Best bid reflects actual market prices

for a given property / type of property

in a given location / region

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Complete collection of data since September 2007

Well-structured and categorized

TÜV-certified processes

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Available Key Indicators

Recovery Rates

Best bid as % of appraisal value

Success Rates

Number of best bids as % of total number of foreclosures announced

Overall duration of foreclosure process

Number of days from evaluation to receipt of payment

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Time

Region

Category Creditor

Buyer

Political and

geographic region

3 Categories

16 Types

54 Sub-Types

Up to 60 additional

attributes

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Analytical Dimensions

0

1.000

2.000

3.000

4.000

2008 2009 2010 2011 2012

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0%

10%

20%

30%

2008 2012

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60% 25%

15%

No. of Foreclosures

Residential Commercial Sites

54% 41%

6%

Appraisal Values

Residential Commercial Sites

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-10

-5

0

5

10

2008 2009 2010 2011 2012 Arbitrary scale

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RECOVERY RATES

Vienna

Burgenland

SUCCESS RATES

Vorarlberg

Carinthia

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17%

14%

10% 5% 5%

9%

1%

14%

2% 14%

1% 8%

Aktienbanken

Sparkassen

Raiffeisen

Volksbanken

Hypothekenbanken

Building Societies

Insurance Companies

Body Corporates

Others, public

Others, private

Others

n.a.

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Total No. of foreclosures announced

on Condominiums in Austria

Graz-Umgebung

10%

Styria 16%

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0%

10%

20%

30%

2008 2009 2010 2011 2012

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0%

25%

50%

<50 T€ 50-100 T€ 100-150 T€ 150-200 T€ 200-250 T€

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Smaller than 70 m2 Larger than 70 m2

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0%

25%

50%

0%

25%

50%

0%

25%

50%

< 6 6-9 9-12 12-24 24-36 months

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Interest rates

Reluctance of banks to grant mortgages

Job security / employment level

Migration

Existing and new taxes

Complexity and stringency of the legal and regulatory

framework

Strategies for preserving personal financial assets

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What is the probability of success and which quota

can one expect for a given foreclosure property?

How to best define the optimum minimum bid for a

given foreclosure property?

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Where are the buyers of foreclosure property

geographically situated in relation to the location of

the property bought?

How is my institution performing with foreclosure

sales?

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Off-line: Custom-tailored data records

Specific Reports and Studies

On-line Web-Access via SmartFacts Portal

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Comparatively stable market on foreclosure sales in

Austria from 2007 to 2012

(around 3.000 to 3.500 auctions per year)

2008 financial crisis lead to an impact of approx.

+10% in 2009

Average recovery rates show a trend to increase

Mainly due to pronounced increases in Vienna and

other bigger Austrian cities

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Application fields of the SmartFacts database

Valuation of property

Decision support during work-out of property in non-

performing loans

LGD grading

BASEL III - requirements

Benchmarking

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www.smart-facts.at

Monika.Konvicka@smart-facts.at

Telefon +43 (0)1 89 00 797

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