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DBRS: Spain’s housing market not showing signs of overheating

Despite price growth in key regions, average house prices in Spain are still 19% below their Q3 2007 peak, rating agency research shows.
Sareb

Why TPG formed a JV with Spain’s ‘bad bank’

The alternative asset firm saw several advantages in not acquiring a full stake in a Sareb-owned real estate investment trust.

Three reasons to lend against Spanish student housing

Demand outstripping supply, increased investment activity and higher returns are making this space more appealing to lenders.

SAREB risks losing momentum by abandoning NPL sales altogether

Spain’s ‘bad bank’ will not put large portfolios of toxic assets up for sale, despite high demand from investors. This refusal might be unnecessary.

Europe’s office opportunity moves south

Investment volumes for German offices are down as investors and their lenders increasingly look to Spain.

Italy drives record European NPL securitisations

The Italian GaCS scheme, expected to be replaced this year, has boosted European securitisations to €11.7bn, from €2.6bn in 2017.

Italy must shore up its laws to attract global capital

The dubious case involving Blackstone in Milan is only the latest obstacle for foreign investors.
Madrid at night

Pbb backs Madrid offices in competitive Spanish market

The German bank has refinanced a portfolio of six assets for Tristan with a €170m loan along with local lender Caixabank.

Southern Europe’s NPL sales boom in three charts

Non-performing loan activity keeps growing in Spain, Italy and Portugal while sales in Europe reach record levels, according to Evercore.

‘Megadeals’ drive rise in 2018 NPL sales

The European loan sales market reached new heights last year, with €113.8bn of non-performing loans been sold, according to Evercore.
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