Ahead of this year’s 4th annual Mediterranean Resort & Hotel Real Estate Forum (MR&H), Thanos Papasavvas CFA, Founder & CIO, ABP Invest, delivers an in-depth analysis on the issues and opportunities available to investors looking at non-performing loans in Europe’s hospitality sector.
A unique tourism and business destination, the Mediterranean (from Southern and South-Eastern Europe to North Africa and the Levant) is a major attraction for investors in search for new projects but the diversity of market conditions across the region makes investment in real estate a challenging business. MR&H will provide hospitality investors and key market stakeholders a complete overview of the region’s different investment climates, regulatory frameworks and targeted opportunities through panel presentations, interactive discussions and keynote presentations such as Papasavvas’ economic keynote overview where he will present the macroeconomic trends impacting the Mediterranean region as well as prospects for growth.
In this exclusive report, Papasavvas shares his sentiment on the NPL market in Europe, stating: “The more liquid the NPL market becomes the more it entices new potential investors as well as offloading debt from banks' balance sheets allowing them to utilise their capital more productively.
At Eur 813bn the EU's NPL market is an obstacle to a strong recovery as it impedes new credit for working capital and investment. On the other hand, NPLs also provide the opportunity of creating a new and viable secondary market, attracting new investors in search of yield and favourable valuations.”
Papasavvas takes a deeper look at Italy and Greece in the report, as they are the only two countries in the region with both a high volume and high ratio of NPLs. “Italy has built a strong momentum of reducing its NPLs over the past few years which is at risk of stalling following recent political developments, whereas Greece has only recently started to address the issues with some encouraging structural changes and signs of political support. The real estate and hotel sector in Greece is at the epicentre of these developments.”
Papasavvas returns to the stage for the second year by popular demand, to lead the economic overview keynote at MR&H entitled “The Economic Perspective: The Finer Details on the Big Picture.” Meet with Papasavvas and 300 senior leaders across the hospitality and tourism sectors at MR&H, which is being held 17-19 October 2018 at The Divani Apollon Palace & Thalasso in Athens, Greece. The Advanced Rate is available through 6 September 2018, so we encourage you to secure your seat today.
While his keynote at MR&H in 2017 largely addressed the rift in geopolitics, the complacency of investors and correctly forecast the upsurge in market volatility, his presentation this year in Athens will focus on “the changing geopolitical landscape, the frictions it creates and how policy makers will try to safeguard the economy. We will also discuss why China would win a trade war against the US, what would Trump's second term in office mean for the world economy and last but not least how does all this come together for this region and sector. I am delighted to have been invited for a second year to address this prestigious event and look forward to continuing our discussion in Athens.”
For more information about MR&H, contact:
Marketing Director, Questex Hospitality Group
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