Today's Spanish property market is very different to the fragile bubble it once was. Prices are climbing, and the market has a renewed vigour and energy. But that hasn't stopped a surge of mis-information making it's way on to the internet. In fact, buying a bank owned property in Spain makes a great deal of sense. Priced significantly below their genuine market value, purchasing a bank owned property at a point in time when prices and demand are rising is a shrewd move. But there are many other great reasons to consider buying a bank owned property in Spain, other than a great price.
Buying a bank repossessed property in Spain with the market at a low price point means you will have less need to worry about negative equity. It's unlikely that the property will be worth less than you pay for it. You will find bank owned property of all shapes and sizes in every area of the Costa Blanca. From small apartments to large villas, there is something to suit your requirements from Alicante to Pilar de la Horadada. With no chain, purchasing a Spanish bank owned property is simple & fast, and can be completed within 28 days.
When you buy a bank repossessed property from Inmo Investments, the bank keeps any and all debt associated with the home. This includes any mortage or other loans, in addition to community fees, taxes, or anything else that may not have been paid. Only the most established and trusted estate agents are chosen to represent national Spanish banks. That's why we are proud to work with our banking partners and offer a fine portfolio of great value local Costa Blanca properties.
Before a bank offers a Spanish repossessed property to market, they ensure that the essential paperwork is present and in order. Buying a bank owned property means you will always get the documentation you need. If you need a mortgage to buy a holiday home in Spain, you are more likely to be offered favourable lending terms if you arrange your mortgage directly with the bank selling the repossessed property.
Spanish bank owned property prices are fixed, so you know what the final cost of your purchase will be from the very beginning, and you avoid the need to negotiate sale prices completely. Financial institutions only have a monetary interest in the property and they are more predictable than a private seller. Bank property may require some work, but they make the perfect blank slate. And remember, Spanish banks need to sell their housing stock to mitigate their financial losses. They will be fully committed to a making a sale succeed.
Click here to view our current portfolio of repossessed property for sale in Spain, and bank-owned property for sale in Spain. For the most up to date information possible, subscribe to our newsletter (enter your email address below), or contact us for immediate attention.
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