Spanish Bank in €8 Billion property sell off
Spanish bank in €8 billion sell off Banco popular is preparing to sell a property portfolio worth up to €8 billion.
The bank is looking to reduce its property assets by 35% through sales in 2016. It is currently the most exposed to the property market of any other bank in Spain according to some reports.
The proposal comes as Spain’s property market continues to improve, with growth driven by price increases in Madrid and Barcelona and the feel good factor sweeping through the the Costa del Sol areas with Marbella being a prime destination.
Trustco Estates located on Cafe Yanx main terrace has been working closely with Banco Popular to acquire some mega deals whether you are looking for an apartment, town house, villa or a development project to finish, we certainly have a great range. Reports coming in from the top five developers along the coast are very impressive and positive, with some of the new developments completely selling out within a month of being released. After Six difficult years for the Spanish property market the tide has certainly turned with a real buzz and renewed sense of interest, with many new developments on the horizon for 2016 it is certainly heading in the right direction. This is the time to get serious, don’t miss out by wondering or shying away we are here to help you get the dream you deserve. For more information drop by and have a coffee with us we are here to help you.
The perfect reason
The Costa del Sol extends along 150 kilometres of coastline in the province of Malaga. Its name the “Coast of the Sun” is not due to mere chance, on average we have 330 sunny days a year, this is a perfect place with a cosmopolitan feel. See you soon!