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Sareb Warns of a Possible Decrease in the Value of its Assets due to Covid-19

The Company for the Management of Assets proceeding from the Bank Restructuring (Sareb) is warning of a temporary interruption in sales and a sudden drop in prices due to the pandemic.

vivienda en Torre Pacheco en Murcia Fuente Sareb
Torre Pacheco development (Murcia), owned by Sareb.

A temporary interruption in sales and a sharp drop in prices due to the Covid-19 crisis. That is the scenario that Sareb is warning that the pandemic could cause in the Spanish real estate market, which would fully affect its business and, therefore, the value of its assets.

According to its management report, the Company for the Management of Assets proceeding from the Bank Restructuring is warning of the possible “risk of a temporary interruption in sales”.

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