‘Bad bank puts houses on sale without extra discounts’

12th February 2013, Comments 0 comments

Sareb, the bank created by regrouping toxic real estate assets of four nationalised banks, has put 20,000 houses on sale.

 ‘Bad bank puts houses on sale without extra discounts’
El Economista

Sareb, the bad bank created from a regrouping of toxic real estate assets belonging to four nationalised Spanish banks - Bankia, CatalunyaCaixa, Novagalicia and Banco de Valencia - has put 20,000 houses on sale.

However, real estate prices in Spain will not "sink" as predicted, explains the financial daily, because Sareb will not underprice the assets it puts on the market.

 

 

Read this article in Spanish.

Reprinted with permission of Presseurop.

 Presseurop

 

 

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