Carmel Drake

The rental of office space fell to 131,000 square metres in Madrid and 86,000 square metres in Barcelona during the first half of the year due to Covid-19.

The large Spanish financial institutions are working on the sale of toxic asset portfolios as a priority over the next two years.

The debt sale and purchase marketplace has identified more than 5,000 real estate loans for sale, which can be acquired online in small tickets from as little as 2,000 euros.

The Council of Ministers has also approved the extension until the end of September of the application period for moratoriums on mortgages and on rental payments to large property owners or public companies.