Sareb faces its final year with 20 billion in debt that it will not repay

Sareb is nearing the end of its 15-year mandate with a debt of over €20 billion, primarily unpayable. The transfer of 40,000 homes to Casa 47 has exacerbated losses. Established in 2012 to manage toxic assets from failed savings banks, Sareb has struggled to reduce its debt, repaying about €23 billion so far. The future of Sareb post-2027 remains uncertain, with potential options including a subsidiary or merger with Casa 47. Workers are concerned about job security, while Sareb continues to provide social housing and affordable homes for vulnerable families.