The Director General of the FROB (Que?) says the aim is to ‘prevent the market from being flooded with bargain basement properties’ and that SAREB will be set up for 15 years, that’s a hell of a long time for disposal of properties, is he being optimistic when he says ‘we have no intention of sinking the market’? 🙄
I would imagine the Bad Bank could do just what he hopes it wouldn’t do above.
Will it be hard pressed Spaniards who buy this huge surplus up in order to have a roof over their heads, they hardly look appealing as sound investments? 🙄