NEW YORK CITY-Distress opportunities in the United States are no longer hot news. Nevertheless, some 70% of investors who responded to the latest non-performing loan survey issued by Ernst & Young expect the US market for non-performing loans to stay active for at least the next year. (Download the full report. )
But the real story here is in Europe, where players are ramping up their NPL plays. There are approximately one million euros of NPL on the books of banks there, the E&Y report states, and local and international investors alike are taking notice, with a particular interest in opportunities in Germany, the UK, Ireland and Spain.
In fact, over the course of the year, you should expect the volume of European NPL sales to ramp up “as sellers take advantage of the demand and investors grow more confident in the stability of Europe's economy and the euro and are therefore more able to meet sellers' price expectations,” the report reveals.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
