Sareb sales expose weakness in market say Fitch Favourite Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Sareb sales expose weakness in market say Fitch This topic contains 3 replies, has 4 voices, and was last updated by Anonymous 5 years, 7 months ago. Author Posts June 11, 2013 at 11:37 am #57573 SPI News FeedParticipant The sales rates of Spain’s bad bank, Sareb, expose the current weakness of the Spanish housing market according to the ratings agency Fitch The gap between supply and demand leads Fitch to believe that it will take years to absorb the surplus housing stock up for sale by both private vendors and Sareb. They also throw into doubt Sareb meeting its target of closing sales on 42,500 properties in 5 years. Belén Romana, President of the Sareb June 11, 2013 at 3:25 pm #117383 ChoperaParticipant I suspect it’s more the weakness of Sareb and the other banks in actually bothering to market their properties properly and pricing them correctly. June 11, 2013 at 8:02 pm #117392 AnonymousParticipant @chopera, I second that !!!! June 12, 2013 at 11:33 am #117400 AnonymousParticipant Fitch also said that the Sareb might push down house prices when they start selling in earnest. Fitch don’t say it but the same is true of vulture funds: if they buy they will want to liquidate ASASP and the best way to do that is selling cheap. Pushes the prices down for everyone. Author Posts The forum ‘Real Estate Topics, News & Discussion’ is closed to new topics and replies.