My Credit: "NPL market is growing, but underlying real estate is solid"

Dario Bettinelli, COO and Co-founder of MyCredit, was interviewed by Pambianconews Real Estate on the subject of NPLs and how, in a contracting economic cycle and with rising interest rates, the NPL market offers investment opportunities but, at the same time, requires appropriate recovery strategies and compliance with business plans. According to Bettinelli, despite indicators showing an increase in NPLs due to the prolonged macroeconomic situation, the Italian real estate market remains stable overall. Currently, the value of loans managed by MyCredit amounts to £350 million and, in the last year, has reached total investments of approximately £100 million. Thanks to a network of around 1,000 brokers throughout the country, MyCredit is able to evaluate assets on a case-by-case basis and carry out a comprehensive analytical assessment on site. The growth strategy is to steadily increase investments and end the year with a further increase of around £20-30 million in equity.