Sareb is the Spanish government's 'bad bank'. It was formed in 2012 in order to manage assets of banks that were nationalised during the financial crisis. This management at present includes some 50,000 homes in Spain. On Sunday, Prime Minister Sánchez announced that these homes will be made available for affordable renting.
Over 400 'bad bank' homes for affordable renting in the Balearics
Significant investment will be needed
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