GRANTED ONLY BANKS AND MORTGAGE TO BUY THEIR HOMES Banks and mortgages granted only to those who agree to buy one of their homes and not a developer, his main competition now that the crisis has filled their portfolios of real estate from foreclosure or payment in kind, according to the report 'Trends 2011' by CB Richard Ellis.
"The lack of liquidity and credit has led to a strong competition between financial institutions - now owners of numerous real estate assets - and promoters, so that funding is limited in practice to the assets owned by banks," says real estate consultant.
portfolio dwellings pose to financial institutions a burden, mainly in the form of provisions, and, as 51.4% of real estate executives from leading reviewers, will continue to rise during 2011.
However, six in ten believes that financial institutions are facing correctly is not new role, the lack of know-how needed to manage the sale of real estate or its land portfolio.
www.juanrivero.es In the real estate agents have agreements with banks to get mortgages to purchase affordable housing. Consult us on tel 609032069
