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Distressed property 'to outstrip demand' in Spain

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Distressed property 'to outstrip demand' in Spain - property demand - Spain

The number of distressed real estate assets coming on to the market in Spain during the third quarter of this year is expected to exceed demand.

According to the latest figures from the Royal Institution of Chartered Surveyors (Rics), the net balance score for the supply of such property stands at around 50, while anticipated demand registered a score closer to 40.

This indicates that, although there is a desire among investors to pick up distressed real estate in Spain, there will still be an oversupply in the next three months.

However, the Rics figures show Spain is in a much stronger position than some of its eurozone counterparts, such as Greece, Ireland and Italy.

In Greece and Italy, demand is expected to be less than half of the total supply of distressed assets, for instance.


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