Bank Owned PropertyNews in SpainSpanish property market

Banco Sabadell are reducing the asking price of a large portfolio of development properties

Banco Sabadell are reducing the asking price of a large portfolio of development properties. Commenting on the process, the following was stated by an observer.
“Investment funds are starting to face problems when it comes to generating returns from their investments in land and property. Many of the large property developers, such as Neinor Homes, are slashing their short-term forecasts due to the political uncertainty following the recent general election and the general nervousness that the current boom cycle is coming to an end.”