Spanish "bad bank" to sell real estate in the amount of 50 billion euros

Spanish «bad bank» Sareb launched a new marketing strategy, which involves the sale of properties with a total value of 50 billion euros, which will create new opportunities for foreign investors, according to Spanish the Property the Insight . Over the next few months, the bank will hire four investment companies for the sale of properties under its management. Sareb was established in 2012 to consolidate the troubled assets of leading Spanish banks. At the moment, working with real estate Sareb nine Spanish banks. His task - to bring to market and sell the collateral property of credit institutions. Last year Sareb banks paid about 200 million euros. Now under the control Sareb are 200 000 properties. Bank sells about 60 sites a day, according to the Wall Street Journal. About 80% are in the management of the bank's assets consist of real estate collateral developers. HomesOverseas.com