Relevant:
- Spain Weighs Home Demolitions as Wrecking Crews on Alert
- Here's Everything You Need To Know About The Rapidly Approaching Crisis In Spain Read more: http://www.businessinsider.com/spain-crisis-downgrade-2010-4#property-boom-spain-experienced-a-property-boom-larger-than-the-us-and-uk-1#ixzz0mQZVbIRL
- Property Developer: The ECB Is The Only Thing Stopping Spain From Becoming The Next Dubai
- Bank Chief Steps Down as Spain Considers Rescue
- Spain to Seek Foreign Investors to Offload Bank Property
2012-12-10 — bloomberg.com
Spain's pledge to generate profit from its bad bank will be undermined by two more years of property-price declines and the cost of maintaining the repossessed homes it will own, according to real estate and finance professor Jose Luis Suarez.
The bank, known as Sareb, was created to purge toxic assets from the books of troubled Spanish lenders. Most of it will be linked to residential property and development land in Spain that will continue a price decline that started when the country's housing bubble burst in 2007,
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
