NPL & REO
Companies
Blackstone Considers Recognising Provisions Worth Millions of Euros Due to its Significant Exposure in Spain
Banco Santander and Blackstone share concerns about Qasar, the company they created off the back of Banco Popular's €30 billion in toxic assets.
Residential
Moody’s Warns of a Ratings Risk for Companies in the Retail, Hotel and Office Sectors
The agency forecasts that companies in Europe will suffer an increase in arrears until 2022, with those in Spain experiencing the second-largest impact, behind Italy, with a ratio of 5%.
Companies
Bankia Cancels the Sale of a Residential Portfolio Due to Economic Uncertainty
The portfolio of flats for sale had been valued at 190 million euros.
Coronavirus
The Covid Crisis Will Cause the Defaulted Loan Balance to Soar by €80 Billion
Investors expect that at least 50% of the loans granted to overcome the pandemic will go bad, which will raise the default rate to 7%.
- Advertisement -
B-Exclusives
New Build Home Prices in Madrid Grew by 11% in 2020
The average ticket for new build homes continues to exceed and stand out compared to that for second-hand homes, something that has not happened since Q319, according to data from the Brains Re platform.
Who Are the Construction Kings in the Balearic Islands?
Ten of the major real estate companies, including Taylor Wimpey, Metrovacesa, Aedas and Vía Célere, are going to deliver nearly half of the almost 2,500 homes that are scheduled for completion on the islands this year, according to Brainsre.
The Lowdown on the Decrease in Rental Prices in Madrid Post-Covid
The price of rental homes in Madrid has decreased for the third consecutive quarter, although the average asking price still exceeds 1,200 euros per month, according to Brainsre.
Ranking of Property Developers in Barcelona By Number of New Homes They Plan to Complete
Five property developers lead the new-build residential market in Barcelona and neighbouring towns, according to the big data platform Brainsre.
Top News
Brainsre.news: What Happened in April 2020?
The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.
Hotelbeds Receives a €430M Injection from 3 Funds to Head Off the Risk of Bankruptcy
Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.
Santander Explores How to Securitise NPLs Through Deva Capital
The entity has created the company Deva Capital as a vehicle to explore the purchase of damaged assets from financial institutions around the world, according to various financial sources consulted by the newspaper Expansión. Investment banking sources stress that Santander's subsidiary in Brazil already acquires these types of assets from the banks through its real estate servicer.
The Impact of Coronavirus on the Spanish Real Estate Market, According to the Experts
Brainsre.news interviews five experts in the sector to find out what the effects of the pandemic have been, how investment will evolve, which assets are best positioned and what will happen if there is another outbreak.
RecommendedRelatedby the editor
Hotelbeds Receives a €430M Injection from 3 Funds to Head Off the Risk of Bankruptcy
Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.
Brainsre.news: What Happened in April 2020?
The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.
Santander Explores How to Securitise NPLs Through Deva Capital
The entity has created the company Deva Capital as a vehicle to explore the purchase of damaged assets from financial institutions around the world, according to various financial sources consulted by the newspaper Expansión. Investment banking sources stress that Santander's subsidiary in Brazil already acquires these types of assets from the banks through its real estate servicer.