NPL investors continue to head south. Deals keep coming out of Spain and new markets, such as Portugal, Greece and Cyprus, are slowly emerging. But the real action has been in Italy, which finally has started to address its EUR 200bn bad debt mountain.
The European commercial real estate market got off to a slow start in 2017. Transaction volumes during the first quarter are thinner than a year earlier. However, there are enough interesting themes emerging this year.
The Italian banking market continues to experience challenges surrounding asset quality, capital adequacy and profitability. In July 2016, the European Banking Authority stress tests results highlighted Italy’s banking problems and the recent events have highlighted the overall fragility of the system.
Two investors pitch to the audience about the value they see in a hot European real estate market. The expert moderator will take a bearish view, challenging the investors on how they’re navigating the risks in the jurisdiction.