Sareb puts up for rent about 1,100 homes in 20 provinces – Investing.com Spain

MADRID (Reuters) – The asset Management Company for Assets arising from Bank Restructuring (Sareb) got the Monday car some 1,100 dwellings spread about twenty Spanish provinces, mostly new but also some second-hand.

“The company is aware of the increased demand in the rental market by different groups, as the youngest, and tries to contribute to the growth of the rate of availability of homes with initiatives like this,” said Sareb said in a statement.

The company indicated that it aims to boost the rental of housing in order to prevent their deterioration, to cover expenses and to facilitate their sale in the future, in order to comply with its mandate desinversor.

The assets are located in the provinces of Alicante, Almería, Badajoz, Barcelona, Castellón, Ciudad Real, Cuenca, Gerona, Guadalajara, Huelva, Lleida, Madrid, Malaga, Murcia, Pontevedra, Sevilla, Tarragona, Toledo, Valencia and Zaragoza.

The Sareb, formed at the end of 2012 as consideration for the assistance of 41.300 million euros of Europe to the Spanish Government to rescue the banking sector, has played a key role in the consolidation of the Spanish financial sector by allowing the banking recipient of public aid to transfer some 50,000 million euros of assets to this vehicle.

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