Thursday, January 21, 2021
Home English Non-Performin...

Non-Performing Loans Could Top €200 Billion by 2020

The report comes from the fourth-edition of the Observatorio Inmobiliario Assets Under Management, which is drawn up yearly by the business consulting firm Axis Corporate. During the first six months of 2020, more than €1.3 billion in NPLs were sold (compared to €17.365 billion last year).

According to the report, if we take into account that large and medium-sized banks had assets valued at 85.259 billion euros on their balance sheets at the end of 2019, and that total ICO-financing to companies as of June this year reached 70.484 billion euros (€49.917 billion for SMEs and the self-employed and €20.566 billion for companies), the total stock of non-performing loans would reach 170 billion euros.

Read the full article in Spanish


Which Are the Areas of Madrid Where Homes Are Sold or Rented the Quickest?

The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.

Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases

It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.

Special B-Exclusives: How Many Square Metres Did Spaniards Spend the Lockdown in?

Every household in Spain has an average of 42.75 square metres for each inhabitant, with 2.51 people in each home. Ceuta, Melilla, Guipúzcoa and Madrid are the areas with the least space.

The Retail Crisis of 2008 Lasted 5 Years As Store Prices Fell by 33%: How Much Could They Fall During this New Crisis?

The Covid-19 crisis has come at a time when the prices of commercial premises have not yet recovered from the previous recession, the consequences of which lasted for five years.

Latest news

Moody’s Warns of the Impact on Investment of the New Anti-Eviction Law

The ratings agency has pointed out that the suspension of evictions is a measure that will erode the rights of creditors and slow down investment in the residential segment.

The US Group Sonder Makes its Debut in Spain with a Hotel in Madrid

The American firm has taken over the management of a building with 22 tourist apartments in the Malasaña neighbourhood of Madrid and is looking for new opportunities in Barcelona.

House Sales Grow Again After Eight Months of Decreases

Figures from INE and the notaries confirm the improvement in house sales and loans post-lockdown. In this way, 39,653 homes were sold in November, 5.4% more than in October and 1.9% more in year-on-year terms.

Nyesa Verges on the Edge of an Abyss But Manages to Obtain Support for its Revised Plan from 60% of its Creditors

The listed real estate company has obtained support for its plan to avoid liquidation from 60% of its creditors; however, it is waiting for the Commercial Court of Zaragoza to issue its ruling.