Neinor recoups losses after selloff on Spain's housing measures

Metrovacesa SA

14/01/2025 09:33

** Shares of Neinor Homes  HOME.MC  rise around 5%,
partially recouping losses after Spanish government proposed tax
hike for holiday rentals on Monday
    ** Neinor said it did not expect a significant impact from
the proposed measures
    ** "In the case of Neinor, the affected buyer represents
only 2% of its pre-sales portfolio," Sabadell says
    ** The broker says it considers the news as negative for the
Spanish housing names, but believes Monday's stock market
reaction was exaggerated, with Neinor falling 7% and Aedas
 AEDAS.MC  slipping 3%
    ** Peers Merlin  MRL.MC  and Aedas rise 2.8% and 0.4%
respectively, while Metrovacesa  MVC.MC  and Inmocemento
 IMCO.MC  fall 0.46% and 1.5%
    

 (Reporting by Joao Manuel Mauricio)
 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))