What difference this will make to the market is anyone’s guess. The assets will still need to be disposed of somehow. Mortgages on these repossessed properties may be difficult to obtain once the banks have them off their balance sheets.
Will the government provide finance? I doubt it. They may just sit on the band banks books for years and years with little incentive to shift them.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.