Survey Spain
Language: English Series: EuroProperty ; 21 February 2011, 19-23(5) Publication details: 2011Subject(s): Summary: Spain is still recovering three years after the property bubble exploded. Foreign investors see value in Spanish retail assets as sale and leasebacks prove particularly attractive. The total Spanish bank debt related to real estate has reached around Euros 300bn. Spanish banks are forming companies to buy back distressed assets. Few refinancing deals will push debt-laden properties onto the market at good prices. Spanish corporates are consolidating into new prime office space outside of the central business districts to shrink their expenses, pushing rents down amid high take up levels.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L152420 (Browse shelf(Opens below)) | 1 | Available | 152420-1001 |
Spain is still recovering three years after the property bubble exploded. Foreign investors see value in Spanish retail assets as sale and leasebacks prove particularly attractive. The total Spanish bank debt related to real estate has reached around Euros 300bn. Spanish banks are forming companies to buy back distressed assets. Few refinancing deals will push debt-laden properties onto the market at good prices. Spanish corporates are consolidating into new prime office space outside of the central business districts to shrink their expenses, pushing rents down amid high take up levels.