Healthy banks selling property cheaper than the Sareb

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This topic contains 2 replies, has 3 voices, and was last updated by  DBMarcos99 5 years, 5 months ago.

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  • #57569

    Anonymous
    Participant

    There has been a lot of talk about Spain’s “bad bank” (called the Sareb), and interest from bargain hunters in its property portfolio assuming that it will dump at firesale prices, but the Spanish press reports that the healthy banks that haven’t been nationalised are selling their stocks cheaper than the Sareb. Healthy banks are selling with discounts of up to 50pc, whilst the Sareb is selling with discounts of up to 40pc.

  • #117372

    Anonymous
    Participant

    I can imagine that Mark. I guess going in and talking to a bank manager in the town where you want to buy would get you much better discounts with a one to one meeting.

  • #117377

    DBMarcos99
    Participant

    Is it the case that Sareb are looking more at bulk sales to investment bodies (and in those cases far larger discounts will be granted)? I’ve read this recently, and would like to know the answer to this.

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