A new real estate catastrophe on the horizon?



A new real estate catastrophe on the horizon? The date of publication of the news on sole24ore is unforgettable 11 September 2018 and particularly left the title can go into the background for non-professionals: "Unicredit sells 2 billion of Npl with the Milan and Turin projects: here's who wants his problematic credits ". Translated into commonly used words The bank is freeing 2 billion euros Of loans secured by mortgages and specifically 1 billion in Milan and 1 in Turin ... the project it would be in the preliminary stages. Who are the interested parties? They are American and Italian funds Specialized in selling at low prices Houses of owners who do not pay the mortgage For several years.   This means that a huge amount of real estate At discounted prices it will end up on the market Milan real estate lowering again The real estate values ​​already collapsed heavily Because of the crisis but it's not all ... Property owners who do not pay The mortgage for years will have to face Of the most determined opponents of the Banks ... vulture funds are much more aggressive in debt collection.

According to you, wait to sell a house After thousands of have arrived
Properties at discounted prices on the market Is Milan a good strategy?

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