Sareb sells 4,782 properties in the first quarter

Sareb sells 4,782 properties in the first quarter

 

According to data published by the company, 88% of the properties sold between January and March were houses and annexes, while 7% were land and the remaining 5% were tertiary assets.

In its Annual Activity Report for 2017, the company states that last year, Andalucía, Comunidad Valenciana, Cataluña and Comunidad de Madrid concentrated near 60% of the business.

In addition, Sareb explains that the activity carried out last year allowed it to reduce its portfolio to €37,179 million, which is almost 27% compared to that received at origin point. In addition, the company canceled €3,050 million of debt in 2017, which means that it reduced its indebtedness by 25.4% in its first five years of life.

 

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