Post by account_disabled on Feb 22, 2024 1:34:54 GMT -5
Spain is selling itself cheap due to the political risk that Podemos's emergence into institutions represents for foreign investors. Vulture funds demand discounts of 40%. Firms such as Blackstone, Apollo, Cerberus... have reactivated real estate operations two weeks after March 24 at bargain prices.
As reported in ECD, the paralysis of investment decisions , especially in the real estate sector, has been numerous since the emergence of Podemos in the city councils of Madrid and Barcelona became known on May 24 . Some of these operations were about to close.Operations with Denmark Mobile Number List discounts are reactivatedNow, as El Confidencial Digital has learned from sources in contact with large international investment funds, the sale of land assets is being reactivated in recent weeks because lower prices are being demanded due to political risk.
Large foreign investors are taking advantage of this opportunity to do business and push prices down . Political uncertainty is a variable that they are beginning to include in their new offers in the form of discounts.
The political panorama therefore foresees lower amounts than those expected for sellers due to a lower number of offers, because many investors have decided to put on the brakes until they know the first measures of the new municipal and regional governments, and also to some cheaper economic purchase proposals from those who continue to carry out operations.
Real estate sector... and now renewablesThe funds have consolidated their position as new players in the real estate sector . In fact, what are known as vulture funds control an asset portfolio of more than 278,000 million between plots of land, real estate, and mortgage and developer credit.
But also in the renewable energy sector. Some funds believe that opportunities may arise in this field, as in the real estate business. To do this, they expect banks to assume losses on their debt with solar plant promoters . In their offers they reflect the possibility that the legislation will change again in the future,
Many of the investors who promoted solar plants before the reform have denounced the Spanish Government before international organizations to try to recover their money, and have ruled out investing again due to the "legal uncertainty" that they see in Spain. A change of Executive after the elections at the end of the year would reopen that fear .
As reported in ECD, the paralysis of investment decisions , especially in the real estate sector, has been numerous since the emergence of Podemos in the city councils of Madrid and Barcelona became known on May 24 . Some of these operations were about to close.Operations with Denmark Mobile Number List discounts are reactivatedNow, as El Confidencial Digital has learned from sources in contact with large international investment funds, the sale of land assets is being reactivated in recent weeks because lower prices are being demanded due to political risk.
Large foreign investors are taking advantage of this opportunity to do business and push prices down . Political uncertainty is a variable that they are beginning to include in their new offers in the form of discounts.
The political panorama therefore foresees lower amounts than those expected for sellers due to a lower number of offers, because many investors have decided to put on the brakes until they know the first measures of the new municipal and regional governments, and also to some cheaper economic purchase proposals from those who continue to carry out operations.
Real estate sector... and now renewablesThe funds have consolidated their position as new players in the real estate sector . In fact, what are known as vulture funds control an asset portfolio of more than 278,000 million between plots of land, real estate, and mortgage and developer credit.
But also in the renewable energy sector. Some funds believe that opportunities may arise in this field, as in the real estate business. To do this, they expect banks to assume losses on their debt with solar plant promoters . In their offers they reflect the possibility that the legislation will change again in the future,
Many of the investors who promoted solar plants before the reform have denounced the Spanish Government before international organizations to try to recover their money, and have ruled out investing again due to the "legal uncertainty" that they see in Spain. A change of Executive after the elections at the end of the year would reopen that fear .