BUYING houses and apartments repossessed by banks is one of the best options to grab a bargain when it comes to obtaining a property in Spain. Banks need to monetise these assets and therefore, put them on sale at prices much lower than their market value up to 50% below.
In addition, it is very common for banks to offer buyers a series of very advantageous conditions, including special mortgages.
The main Spanish banks have more than 150,000 assets in their portfolios. Ranging from houses, apartments, offices, land, to large warehouses for sale or rent – both new and second hand. If you want to know what the banks offer and at what prices, it is best to go to their real estate websites: