Buy real estate via auctions in Spain

Our large experience in participating in both private and state real estate auctions will ensure that you buy a property at the best price, avoiding any risks.

Participating in an auction is another good way to buy property in Spain at an attractive price. The rules according to which this system works here are not much different from the general European ones. Objects of both residential and commercial real estate, as well as land plots are put up for sale. Initially, the price for them is much lower than the market price, although with a large number of interested buyers, it can increase significantly. As for the current owners of houses, apartments and specialized premises going under the hammer, these are mainly individuals or legal entities who, due to various kinds of circumstances, were unable to pay off the mortgage loan.

Also, the state and private banks prefer to use the auction format. Unable to sell their properties on the open market due to their initially high market value (for example, in the case of the sale of entire office buildings in the city center), they are looking for serious investors at auctions. By the way, according to Spanish laws, anyone can take part in the auction, including foreign citizens - you just need to submit an application, post a deposit and come either yourself or send your representative at the agreed time and place. What else should be borne in mind - as a rule, the buyer does not have the opportunity to see the object in advance, and you will have to make a responsible decision based on the information provided by the seller. The best safety net in this situation would be the help of professional realtors. The experience of Rusol Prime specialists, who have repeatedly participated in private and public auctions, allows you to quickly and adequately assess the benefits of a potential purchase and all possible risks. Helping our clients to make the right choice, we also take control over all subsequent legal formalities related to the transaction.