Repossessed property in Spain

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Buyers wishing to get some idea of what repossessed property bank of Spain have available should visit website www.idealista.com

There is both a Spanish and English version and many of the banks advertise their stock on the site.

This includes well known names listed below as well as smaller more regional Spanish Banks

  • Sol Bank ( Solvia)
  • Bankinter
  • Caja Madrid
  • Caja Granda
  • Lloyds es
  • Banesto
  • Santander
  • La Caixa
  • BBVA

 

The site is easy to use for sourcing of property with a direct line then to the bank to request further information.

What is not advertised heavily is what mortgage deals a buyer might be able to expect. This will be because each property even within the same bank may have a different deal attached dependant on the level of exposure the bank has to the area or development.

Once a buyer has found a property of interest it can be a good idea to speak to a spanish mortgage broker who can talk to the bank in their language and gauge what mortgage facilities can be given.

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