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.
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.
“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.
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).
