A great little article from one of my favourite blogs. Admittedly I started reading this blog because of its title, and I only dip in from time-to-time.
It says that Spain’s banks are now selling distressed real-estate assets to hedge funds …
“And so the healing has begun in the Spanish real estate market”,
“Buy Spain, buy it now.”
The author quotes this article in the Wall Street Journal: Private-Equity Firm H.I.G. to Buy Spanish Real-Estate Assets (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline)
Spanish officials managing soured assets from the country’s real-estate collapse announced their first big property deal, choosing Miami-based private-equity firm H.I.G. Capital to buy a majority stake in a package of 939 homes known as Project Bull.
Jeff Matthews Is Not Making This Up
Mathews also adds that the UK economy is “already catching fire—believe me, it’s on fire: just look at the data”
