24,000 properties still held by banks

in News · 21-06-2019 01:00:00 · 0 Comments
24,000 properties still held by banks

Banks in Portugal continue to hold a substantial number of properties for sale, the top six banks alone holding 24,000.

According to a report by ECO News, the total value of bank held properties in the country stands at €4.3 billion.


Novo Banco, Montepio and BCP banks all own more than 5,000 properties each, the majority of which are residential, while there are also a number of commercial properties still on the books.


During the first trimester of 2019, BCP sold 1,094 properties, representing a total of €149 million.


More than 7,000 bank owned properties have been sold since 2017



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