The housing market is stuck as buyers and sellers wait to see how Sareb, a banking tool that removed toxic real estate assets from bank balance sheets, will affect their future prospects within the sector.
The role Sareb will play in improving credit for the banks hinges, mainly for the big banks. The different interest rates that each financial firm has make it hard to reverse the refinancing. Sareb is starting to work, but it looks like it will take a long time to have a significant effect. Too long, in fact, for real estate firms are waiting for the landscape to clear up so that they can set their prices and business strategies.
