Bank-owned properties are usually priced below market value. Since vacant homes generate no income, banks often sell them at attractive prices. If you're on the lookout for a property deal, keep reading.
This article features a selection of bank-owned properties starting from €5,000.
What are bank-owned properties?
Bank-owned properties are those repossessed by financial institutions, usually after repossession due to non-payment.
They are often sold below market value as banks aim to sell them quickly. While their condition varies, these properties often come with favourable financing options, including mortgages of up to 100%.
They appeal to buyers seeking affordable homes or investment opportunities, but it’s crucial to carefully check their legal and physical condition before purchasing.
Are bank-owned properties worth it?
If you’re considering buying a bank-owned home, here are some key advantages you could benefit from:
- Competitive price: They usually cost less than the market price to facilitate their sale.
- Financing facilities: Banks often offer attractive mortgage terms, including lower deposits, more flexibility, and sometimes 100% financing.
- Wide range of properties: All types of properties are available across Spain, including flats, villas, commercial premises and plots of land.
- Custom renovations: Many of these properties require renovation, so they can be customised from scratch.
Examples of bank-owned houses
We start this list with a chalet in San Martín del Rey Aurelio, Asturias, known for its mining heritage.
The property has 53 m² built area, two bedrooms, and one bathroom, priced at €20,000.

Next on the list is a villa for sale in La Mata, Toledo, less than 100 km from Madrid.
Priced at €30,000, the property offers 111 m² built area, three bedrooms, three bathrooms and sits on a 111 m² plot of land.

Next is a bright flat in Formentera del Segura, Valencian Community.
It is 90 m², and has three bedrooms, a bathroom and a terrace, priced at €60,000, ready to move in and personalise.

Back in Toledo province, this Talavera de la Reina flat is in excellent condition and priced at €80,000.
It offers 92 m² of living space with three bedrooms, a full bathroom, a living-dining room, a separate furnished kitchen with terrace access, a pantry, plus individual heating and air conditioning.

We conclude with this chalet for hotel use in Busmayor, part of the Leonese municipality of Barjas.
The property offers 447 m² built, seven bedrooms and two bathrooms. If you’ve dreamt of owning a rural home, this is your chance. The asking price is €100,000.
