The assets are spread across the whole of Spain and include garages, annexes and commercial spaces. According to newspaper Expansión, these assets represent around one-third of all Sareb’s assets.
Servicers Haya Real Estate, Altamira Asset Management, Servihabitat and Solvia are in charge of marketing these assets and may apply discounts which, on average, represent less than 15% of the values registered in mid-March.
Sareb’s goal is to boost the country’s real estate market which was paralysed during the last few months due to the pandemic crisis. This decision was based on the recent reawakening of consumers’ interest in real estate.