Consultants and appraisers rub their hands: the 'bad bank' has to liquidat.

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The 'bad bank' is not only a relief for the banks, which will finally dump all their toxic assets. The real estate consultants and appraisers have won the lottery, they are rubbing their hands at the workload that lies ahead of them to liquidate their assets, estimated at 100,000 million.  The Ministry of Economy has already told consultants and appraisers that it will need them to help the management team of the 'bad bank' in the task of selling and liquidating assets in the coming years. Sources from the consulting firm Richard Ellis told El Confidencial Digital that “there is work ahead for many years. There is no management team in the world that can sell and liquidate 100 billion real estate assets without external help, not even if they are given 15 years to do so .

The real estate market is very varied, complex, by products and areas, and requires precise and segmented information to be able to manage. The liquidation of Rumasa Numerous intermediaries and professionals in the real estate sector have approached Economía in recent weeks offering to collaborate with the 'bad bank' . What the Middle East Mobile Number List ministry has not decided is whether it will call for a tender to outsource services to large real estate intermediaries, or whether it will do so by award. That is one of the immediate tasks of managers, as soon as they sit down to work. The ministry has confirmed that there will be a lot of work for professionals in the sector , since the external collaboration of consultants and appraisers is essential. The real estate sector is divided and subdivided by geographical areas and products to such a degree that it is impossible for a management team to effectively manage the immense real estate assets that will enter its balance sheet.



The closest thing to this operation in recent history was the liquidation of Rumasa , and its 200 companies, which took more than five years of very active and fringe management , and had the collaboration of numerous external agents, investment banks, advisors. financial and real estate, appraisers, etc.Germany has urged Spain to take advantage of the market truce sponsored by the ECB, which keeps the risk premium well below 500 points, to gain momentum and thus escape the bailout .This time is usually used to clarify any doubts about the presentation.