Monday, January 24, 2022

Coronavirus

Resort Sales

Resort Sales Pick up After COVID Crash

Investment in tourist resorts in Spain, Portugal and Greece totalled €1.2 billion in the first nine months of 2021, 60% of which corresponded to the Spanish market.
Resort Sales
NPL

NPL Sector Awaits the Arrival of New Product

Participants in the discussion on NPLs predicted that the first new asset type to arrive would be failed retail, tourism and leisure ICO (Instituto de Crédito Oficial) loans.
NPL
NPLs

“Volume of NPLs to Return to Pre-COVID Levels by 2022”

Even though Spain has already carried out one of the largest deleveraging programmes of NPLs in the EU, the market is recovering once again, as servicers see greatly increased turnover.
NPLs
Mazabi

Overnight Hotel Stays Soar by 212.1% in September

Hotels in Spain charged an average of 94.1 euros per occupied room, a year-on-year increase of 28.6%, according to the National Statistics Institute (INE).
Mazabi