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Regulator puts banks under pressure to drop prices and sell more repos

Posted by: In: Real Estate 22 Sep 2016 Comments: 0 Tags: , , , , , , , , , , ,
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The Bank of Spain is forcing Spanish banks to increase provisions against their repossessed property portfolios and real estate divisions from the 1st of October, which could mean lower prices for bank repos, most of which won’t appeal to foreign buyers.

Source:: Spanish Property Insight

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