Are you looking for cheap properties for sale in Spain? If you are you have come to the right place. We work with some of Spain’s leading banks to help them sell a number of repossessed Villas that the banks now own. With the properties being repossessed, and with us at www.propertiesforsaleinspain.com not charging commissions on sales of Bank owned Villas, you can purchase a Villa at a knock down price and bag a bargain villa in Spain. You will find bank owned property for budgets and properties of all shapes and sizes from Luxury Villas to small apartments all across Spain.
Buying a bank owned apartment in Spain makes a great deal of sense. Due to the fact that you would be purchasing the Bank owned apartment at a low discounted price, you can be pretty much rest assured that it is unlikely the apartment would ever be worth less than you paid for it.
There are an abundance of business premises and bank owned commercial properties for sale in Spain. These range from Shop fronts known locally in Spain as Locales, Office space, Bars, Restaurants, Sea Front Beach clubs and garages. Some commercial premises that are bank owned have additional living areas attached as part of the property sale, which could be rented out to receive an extra income from property.
There have been many apartment complexes in Spain that whilst being built the developers have come in to financial difficulty. In some cases the developers of the apartment complexes will try to sell off the remaining units at a discounted price in order to recoup some of their losses, before the Spanish banks move in to reposes the whole development. In this situation a bargain can be had with the purchase price of the apartment, and you will be in a good position to negotiate the sale price with the developers direct. Letting you purchase a brand new apartment in Spain for a bargain price!
Distressed villas and apartments for sale in Spain can also offer a huge discount when purchasing the property. Properties for sale in Spain that come under the title Distressed properties are properties that need to be sold quickly. The main reason Distressed properties come on to the market is that the owners of the Apartment or Villa can not keep up with the mortgage repayments, or may be in mortgage arrears and need to sell the property on fast as to prevent the property being repossessed by the bank.
Bank owned properties for sale in Spain, will in almost every case need work and some renovation. As Spanish bank owned property prices are fixed, you will know the final cost of the purchase prices of the property right from the start, letting you budget for works that will need to be done on the property you purchase.
Before a Bank puts a repossessed property on the open market for sale, they will have already ensured that all the necessary paperwork would have been completed, therefore when buying a bank owned property in Spain, the property purchase can be completed in as little as 28 days.
Last updated 13th Feb 2023