Thursday, February 25, 2021
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Santander Explores How to Securitise NPLs Through Deva Capital

Banco Santander is creating a new company to securitise toxic assets.

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.

This would represent a major step-change in the NPL market, which in recent years has attracted interest from opportunistic funds because of the returns it offers. Official sources at Santander declined to comment on the reports.

 

B-Exclusives

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.

The Rental Market a Year After the Outbreak of the Pandemic

Rental prices are continuing to fall, with a decrease of almost 9% in the last three months alone, according to Brainsre. Nevertheless, the amount of time it takes to find a tenant has increased by 40% since the Covid crisis began.

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S&P Forecasts a Moderate Rise in House Prices in Spain in 2021, With a “Sprint” of 4.3% in 2022

Home purchase intentions are at their highest level since 2003, but the ratings agency warns of overvaluations.

CBRE GI & Montepino Receive 12 Offers for the Logistics Operation of the Year

Large international funds, sector specialists and Spanish private banks are all bidding in what is expected to be the largest real estate transaction of 2021.

The Hotel Sector Continues to Suffer: Revenues Plummeted by 73% in January

Overnight stays in hotels fell by 81.2% in January to 2.3 million; while the average daily revenue per available room (RevPAR) stood at 12 euros, down by 73%, according to the INE.

Grupo Ática and the Calabuig Family Buy Land From Coral Homes to Build 675 Homes in Benicasim

The plan is to build 25 single-family homes, 650 high-rise apartments and a hotel on the acquired land, which spans 240,000 square metres in total.