Spanish banks have seen the value of their property portfolio decrease in June for the first time in over 10 months of consecutive growth. According to new data issued by the Bank of Spain, local lenders owned real estate worth some EUR 20.3 bn in June, representing a decrease of 1.5%, or EUR 311 mln, compared to May 2009. However, the figure is still 8% higher than the same period a year ago.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
