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All Market News: Spanish Real Estate Intelligence

Tecnocasa: prices of residential properties are expected to decrease further
30 March, Il Sole 24 Ore All the experts agree that coronavirus will heavily impact residential transactions. Tecnocasa forecasts a further decrease in price trends. Investments in holiday homes will likely reduce, although they might be repurposed as traditionally rented properties. The overall uncertainty of the economy prevents households from making important investments such as buying a house. For this reason, banks will have a crucial role by issuing credit once the pandemic is over. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
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