PWC: new non-performing exposures between 60-100 million in the next 18 months on the Italian market

According to its latest report on the Italian NPE market and the impact of Coronavirus, PWC forecasts new non-performing exposures for a value comprised between 60-100 million euro, primarily consisting of UTPs, due to the rise of defaults and bankruptcies in the next 18 months. It’s also likely that the pandemic will affect the real estate market and that property prices will decline, at least in the short-term.