Repossessed property in Spain

Buying a bank-owned property can be an excellent option for those seeking an affordable home, flexible mortgage terms or a solid investment. These properties offer several advantages if you know where and how to look.

Bank-owned properties typically sell below market value. Since unoccupied homes generate no returns, banks often offer them at very attractive prices. If you’re on the lookout for a property bargain, keep reading. This article features a selection of bank-owned homes starting from €5,000, including a villa in San Martín del Rey Aurelio, Asturias, currently priced at €20,000.

One possible way to acquire property in Spain is through a public auction.

If you want to buy a place in the sun but the price is putting you off, Spanish repossessions direct from banks can be a great way to get a bargain.

The real estate company Haya Real Estate has launched the campaign 'Ready, Set, Home' in which it offers a selection of 13,800 properties with discounts of up to 40% of their appraised value.

Bank repossessed houses for sale in Spain typically mean that the bank who financed a property has taken the property back into its possession, usually when the owner fails to pay their mortgage over a certain period of time.   Cheap property for sale in Benidorm Cheap property and bank r

One way to buy cheap property in Spain is by searching for repossessed property. You will be able to find a wide range of Spanish bank repossessions for sale on idealista, and there are some specific agencies dedicated to selling this type of property.

Second hand homes are usually cheaper than new ones, but in this special we have selected new build flats from banks starting at 40,000 euros. The advantage of buying a new house is that it does not need refurbished and you can move in straight away.

Spanish bank repossessions are becoming a popular option for buyers to get a bargain property in Spain this summer.