E&M

2024/4

Matteo Vizzaccaro

How Title Insurance Revitalized the Italian Housing Market

Title insurance is a type of policy that protects buyers and lenders from legal risks associated with real estate, particularly in contexts with less reliable cadastral systems. First widely used in the United States, it was later adopted in Europe to address issues related to donated properties or properties with uncertain provenance. In Italy, a policy called Donazione Sicura (Secure Donation) helped revitalize the market for donated properties by guaranteeing purchases and sales and facilitating access to credit. Ten years after the first title policy was issued in Italy, donated properties are circulating freely in the market and generating substantial economic value.

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