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Santander Plans to Invest €1 Billion in NPLs

The bank is planning to enter the market for non-performing loans as a buyer and is looking to invest €1 billion in the doubtful credit market.

Banco Santander wants to enter the market for non-performing assets in the global financial sector as a buyer. The bank is planning to invest close to €1 billion in the doubtful credit or NPL market, according to Expansión.

The bank is strengthening the team that will specialise in this new line of business. It will be developed through Deva Capital, the company that the bank has created to make its debut in a market that offers great returns.

B-Exclusives

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Where are the Highest Housing Yields in Madrid and Barcelona?

According to Brainsre, buying a property to let is currently yielding a gross profit of 4.6% in Madrid and 4.1% in Barcelona, the lowest value in the last five years.

A Snapshot of the Spanish Residential Market

Between March and December, the supply of single-family homes fell by 12%, falling twice as quickly as that for flats, due to a sharp increase in demand, according to Brainsre.

A Snapshot of the Housing Market in Barcelona

San Martín and Sants Montjuic saw the most significant declines in housing prices, though prices are still over €4,200 and €3,500 per square metre, respectively, according to Brainsre.

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Holiday Rentals to Recover by Mid-2022, According to COAPI

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Taylor Wimpey Launches Two New Developments on the Spanish Coast

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Real Estate Investment Falls by 61% to €1.6 Billion in the Year to March

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