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All Market News: Spanish Real Estate Intelligence

Intrum stops the operations for the acquisition of Cerved Credit Management
25 March, Credit Village After having come to the due diligence phase of the negotiations, Intrum suspended the operation for the acquisition of Cerved’s credit management business unit, which would have made of the Swedish company the biggest servicer in Italy. Following the coronavirus outbreak and the inevitable consequences on the economy, Intrum decided to reduce its NPL investments. Source: Credit Village Translator: Cristina Ambrosi
NPL: 491 transactions in 2019 for a total of 46.3 billion GBV
26 March, Credit Village Credit Village reports that the NPL transactions completed in 2019 were 491, amounting to 46.3 billion euro of GBV. Of these transactions, 333 were carried out on the primary market, while 158 on the secondary market, 54 of these through an SPV. Nine transactions concerned portfolios for over 1 billion euro GBV, although the transactions were primarily focused on portfolios between 50 and 10 million or below 10 million euro (respectively 236 and 184). The most active investors were Illimity and Hoist, with 20 transactions each. Concerning servicers, 78.2% of the NPLs are managed by Amco, Aquileia Capital Servicer, Cerved Credit Management, Credito Fondiario, DoValue, Guber, Hoist, Ifis Npl, Neprix and Prelios. Source: Credit Village Translator: Cristina Ambrosi  
Nomisma: residential market down by 118thousand transactions in 2020
25 March, Il Sole 24 Ore Nomisma forecasts that the impact of coronavirus on the Italian real estate market will last for several months, resulting in a further decline in prices. The context before the pandemic was already fragile, although the weak demand was balanced by the investment component. Concerning the future, incentives to the demand and investments from banks and The Government will be vital. According to an optimistic outlook, there might be a reduction in residential transactions equal to 50thousand, or 118thousand in the worst-case scenario. Prices will likely decrease by 1.3%-1.4% in 2020-2021. Source: Il Sole 24 Ore Translator: Cristina Ambrosi