Home Southern Europe

Southern Europe

Almost a decade after the country required a bailout from the IMF and EU, institutional interest in Greek real estate is on the up.
Madrid at night
Despite price growth in key regions, average house prices in Spain are still 19% below their Q3 2007 peak, rating agency research shows.
Sareb
The alternative asset firm saw several advantages in not acquiring a full stake in a Sareb-owned real estate investment trust.
Demand outstripping supply, increased investment activity and higher returns are making this space more appealing to lenders.
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.
Investment volumes for German offices are down as investors and their lenders increasingly look to Spain.
Europe
The Italian GaCS scheme, expected to be replaced this year, has boosted European securitisations to €11.7bn, from €2.6bn in 2017.
The dubious case involving Blackstone in Milan is only the latest obstacle for foreign investors.
Madrid at night
The German bank has refinanced a portfolio of six assets for Tristan with a €170m loan along with local lender Caixabank.
Non-performing loan activity keeps growing in Spain, Italy and Portugal while sales in Europe reach record levels, according to Evercore.
rec
rec

Copyright PEI Media

Not for publication, email or dissemination