Buy bank repossessed properties in Spain

Being an official partner of the leading Spanish banks, our company offer the best property options that local banks have to offer.

Residential and commercial properties offered for sale by the bank are a phenomenon that has been quite common in Spain in recent years. The precondition for its development was the 2008 crisis, which happened immediately after the construction and mortgage boom in the early 2000s. Unfortunately, not everyone who took out a loan was able to repay it, and their real estate, which served as a pledge of the transaction, passed into the ownership of creditors. Currently, when the situation on the real estate market in Spain has improved markedly, banks are trying to get rid of their non-core assets, putting up previously confiscated apartments and houses for sale. Their price is always below the market price - on average, the discount threshold is 30-40%, but cases when it can reach 50-80% are also not uncommon. However, it has its own specifics that a potential buyer should know about - due to the fact that we are talking, first of all, about secondary housing and because of the high demand caused by its financial availability, the number of really interesting offers in this sector is very limited. and therefore it is very important to timely learn about the objects for sale. One of the most reliable ways to do this is to contact Rusol Primes. As an official partner of the leading banks in Spain, our company has the ability to track the best offers and instantly deliver relevant information to its clients, with whom we discuss all the parameters of the property they are interested in. By the way, another key to success in this case is the buyer's moral and financial readiness to make a decision - according to the experience of our specialists, the best houses and apartments from banks in Spain find their buyers in 24 hours.