Banks continue to reduce their real estate portfolio thanks to foreign investors. Unicaja Banco has informed the CNMV (National Securities Market Commission) of the transfer of 75% of two holding companies of real estate assets to the Norwegian firm Axactor, which translates into a total of more than 4,000 properties. Of …

More than 4,000 properties sold by Unicaja to Axactor

More than 4,000 properties sold by Unicaja to Axactor

Banks continue to reduce their real estate portfolio thanks to foreign investors.

Unicaja Banco has informed the CNMV (National Securities Market Commission) of the transfer of 75% of two real estate asset holding companies to the Norwegian firm Axactor, which translates into a total of more than 4,000 properties . In this way, it will reduce by 252 million euros the volume that represents unproductive assets in the balance sheet, decreasing them by 21% in the last year.

This Unicaja agreement with Axactor also envisages entrusting the administration and marketing to Acquired Property Management (GIA), the Unicaja company specialized in managing and selling real estate and is one of the largest Unicaja operations of this type, the second that this entity carries out with the Norwegian company.

Author of the image: Tyk (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

Despite the crisis in Catalonia, Sp...
Despite the crisis in Catalonia, Spain is the second country in Europe most attractive to investors

According to consultancy Knight Frank, Spain is currently the second European country where investors are more interested in investing in the real estate sector with almost 20% of the total. Germany is the country that comes first, with 28.5%, followed by Spain (19.9%), the United Kingdom (11.9%), the Netherlands (9.9%), France (9.3%). %), the …...

The Euribor closes 2017 with a new...
The Euribor closes 2017 with a new historical minimum

As we have already mentioned in previous news, the year 2016 stood out as the period in which the 12-month Euribor entered negative territory, which is why fixed-rate mortgages began to take center stage. This negative trend continued and we saw how in 2017 the Euribor reached minimums ......

The express eviction law against sq...
Real estate news: Approved eviction law express squatters

Last April, the Congressional Justice Commission approved the proposed PDeCAT law that modifies the Civil Procedure Law in order to speed up the end of illegal housing squatting. One of the priorities is to recover the squatted house within a maximum period of 20 days ......

Indications and presumptions: The c...
Indications and presumptions: The case of the buyer's veil

This time we will comment on a ruling that rejects the demand of a real estate agent against the owner who sold a property to a final buyer who had not been presented to the owner by the agency, but who turned out to be the boyfriend of the person who went to the real estate to know and talk about the property. ......