Legal tip 787.Market resurrecting after European Loans
12 June 2012 @ 12:01
Experts state that new European loans to Spanish Banks will obligue financial entities to make addittional efforts to reorganise their real estate stocks. Discounts could be of up to 50% over current prices. The reductions will be established after valuations by externals auditors of coming 21st o June.
A much desired collateral positive effect for consumers: price reductions on property stocks will possibly come according to opinion of Angel Serrrano, Manager of Businesses of Aguirre Newman.
Opinion of most of the analysts is that the Banks rescue will enable Banks to liquidate theie property and land stocks so that norman life can re-start
José Luis Marín director of CBRE thinks that this will put an end to the lethargy of Spanish Economy.
"Caños de Meca - Trafalgar", Vejer de la Frontera, Andalusia, Spain, by teclasorg, at flickr.com
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