Despite estimates that there are around €100 billion of non-performing loans in Greece and Cyprus, many investors say they will continue to stay clear of the region amid continued questions over foreclosure and enforcement procedures.
“Until there is some certainty on the servicing of portfolios and we can ensure we’re the owner of the assets it remains difficult for us to invest, although Greece is on our radar,” said Natalia Joubrina, director at Carval Investors.
