27 April 2020 – Brainsre.news
Companies with assets proceeding from the banks are launching campaigns that include 70% discounts on apartments, special sales for houses with gardens and penalty-free reservations.
Servicers, the platforms with assets proceeding from the banks, are launching campaigns that include 70% discounts on apartments, special sales of homes with gardens and penalty-free reservations. Some companies believe that this is the best way to attract clients now and over the coming months in the face of the paralysis of the economy due to the post-Covid crisis and the expected collapse in second-hand house prices.
“In general terms, a drop in GDP of around 8%, which is what is currently being considered, may impact house prices between 20% and 30%, although it is still early to venture any predictions given the high volatility of the market,” explains Isidro Soriano, Executive Director of Asset Sales at Servihabitat, speaking to Cinco Días.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake