Re: Re: SAREB to finish abandoned developments in 2014.

#119024

zenkarma
Participant

@angie wrote:

…the Banks have got to get real and sell at correct values IMO 🙄

Or buyers have to have more sense in ignoring over-priced bank marketed properties forcing the banks to market them for more realistic market prices?

Only in Spain would a bank spend money completing unfinished properties in an over-supplied depressed property market! In fairness the properties do seem to be in more desirable city locations and it appears they will be marketed to investors rather than end users but still, it just doesn’t seem sensible to me for banks to spend money on putting yet more properties into a dead property market.