Bank Repossessions in Spain

• Through our partnerships (in association with SP Costa) with some of Spain's most reknown banks, we are able to offer our clients a selection of repossessed residential apartments and villas, plots of land and commercial premises along the southern coast of Spain.

For a number of years, Spanish banks have been owners of a large proportion of the real estate market in Spain. With developers' going bankrupt and people not being able to forfill their obligation to repay their mortgages, the banks have been landed with a large selection of properties.

Excellent finanical opportunities for residents and overseas buyers

Many of the banks offer excellent financial repayment terms when purchasing one of their properties, which we are able to pass on to our clients.

  • Maximum finance for residents: up to 80% of the lesser value between sale price and valuation
  • Maximum finance for overseas buyers: 70% of the valuation price
  • Repayment term for residents and overseas buyers: up to 30 years
  • The maximum age of one of the contracting parties at maturity of the mortgage cannot be more than 75 years old

Bank Repossessions in Spain

Reasons for opting for a bank repossession in Spain

Excellent financial terms

As touched on before, Spanish banks most often than not - offer excellent repayment terms to buyers as they look to shift these types of properties as quickly as possible.

Open to an offer

Reasonable offers will always be listened to with regard to selling a property, and Spanish banks have more reason than homeowners to accept an offer and be rid of a property.

Discounted prices

Most often than not, bank repossessions offer good value for money and are below market value. The bank is solely looking to recoup what is outstanding on it's original loan.

Multiple locations

The banks that we are in partnership with have properties in all kinds of locations, inland and coastal. In sought after locations such as Torremolinos, Benalmadena, Marbella and the Mijas Costa.

Three key reasons for using our services to purchase a bank repossession in Spain

Why use our services?

We speak your language

Using our services, we can help arrange viewings of the properties you wish to visit and explain any information you will require in a language that you understand.

Avoid legal complications

Buying a repossession can be a legal minefield for those that do not understand the legalities, our team can assure everything is in order and there are no hidden nasties.

Guide you through the process

We will guide you through the whole buying process from start to finish. We'll be there every step of the way for you in your experience of buying a property in Spain.

Bank Repossessions in Spain

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