Daminger, Alexander; Wiersma, Simon - 2024 - This draft: May 7, 2024
We examine foreclosure discounts and their subsequent impact on investor returns in Berlin's housing market from 1984 … that foreclosure discounts, ranging from 20% to 50%, are significant and persist over time. In a repeat sales approach, in … foreclosure follows a regular sale, the average annualized returns are 9.6 percentage points lower than in matched non …
