Bank Repossessions

Now is a great time a property investment in Spain. Significant price reduction, distressed sales, motivated sellers and threat of repossession by the bank, means that there are bargains in the current market in Spain and on Costa del Sol!

Bank repossessions property sales are properties to be sold quickly and this can be for several different reasons. In the current market – the main reason for the sale of repossessed  properties on the market because the owner not being able to keep up with mortgage payments that were set in terms of bank payment mortgages. Many repossessed property sales on Costa del Sol are also due to personal reasons. There are also many newly built repossessed apartments which was finished 2007 and 2008. When the international crise came, the development companies could not sell and was not able to keep up with mortgage payments.

Why buy a bank repossession property?

Most often, this type of property, are less than market value and prices are negotiable. Not only do the buyers get the opportunity in buying a cheap property, in some cases below bank valuation, but the seller can sell their property quickly.

Bank Repossessions:

We work closely with banks such as Cajasur, Banco Bilbao Vizcaya, Santander, Banco Popular, Unicaja, among others, who have a large portfolio of Repossessions in order to give you the best options.

Mortgages up to 100% are available to residents and non residents on selected bank repossessions. Other bank repossession properties offer a 80  to 90% mortgage to non-residents and 100% to residents and Spanish Nationals. All mortgages are subject to financial status and all clients applying for a mortgage will be required to demonstrate that they have the funds available to cover any deposit as well as their legal and transmission costs in respect of a purchase.

The Bank will consider all realistic offers from prospective buyers and we will assist you throughout the whole purchasing process.

If you are looking for a bank repossession property in Spain – you are welcome to contact us today and we will be able to advise you on what properties are for sale within your budget.

We speak english, spanish, swedish and german.

How To Buy Spanish Property Repossessions

Are you a potential buyer searching for the best deal going on Spanish property?

Then bank repossessed property in Spain could definitely be for you!

But, what exactly are Spanish property repossessions and how do they come about?

Well, when people get seriously into debt, anything they own of value – such as property, cars, boats – can be legally “seized” or “repossessed” and sold to the highest bidder.

When a property is repossessed, it’s very often because the owner owes money to a bank or financial institution, and is unable to pay the mortgage.

If the individual banks or financial institutions don’t manage to sell the repossessed property – and, in Spain, they don’t usually make a tremendous effort to do so – the property will eventually go up for Official Public Auction in a Spanish Court of Law.

In Spain, up to three Public Auctions can be held for any given property.

With the first two, a guide price or reserve is set, this guide price being lowered for the second Public Auction.

If no-one buys the property and it goes to a third Public Auction, the guide price is completely removed, and the property will go to the highest bidder – however low that bid!

This, of course, is when you can bag real Spanish property bargains!

Repossessions in Spain vary from countries such as the UK, where strict regulations exist to ensure that banks or building societies obtain the best offer for any property.

And the result?

You can get terrific bargains buying repossessed Spanish properties!

What’s more, you’ll discover there are a variety of ways of stepping in and buying the repossessed property before it actually gets to Public Auction!

So, do give some thought to Spanish property repossessions.

If you’re considering buying a place in Spain, you’ll have to do a fair amount of property research anyway.

The main reason for this is that, in Spain, absolutely anyone can open up as a real estate agent.

There’s no need to have any qualifications … or even to speak Spanish for that matter!

So, when buying a normal property through a real estate agent in Spain, you’ll need to know what you’re doing and employ your own lawyer to act on your behalf.

You’re sure to enjoy both the experience … and the profits!

New apartments for sale in Aloha Hill Club, Nueva Andalucia, Costa del Sol

New luxury apartments for sale in Aloha Hill Club Marbella. Located in Aloha Valley, Nueva Andalucia, near the center of Marbella and the jetsetters favorite place in Puerto Banus. Here you can enjoy the tranquility, entertainment and the most exclusive golf location in Europe. Possibility of 100% financing. Bank repossession. Prices reduced by 50%. A total of 140 apartments. 27 apartments are sold at less than 1 month. The apartments are bright, spacious and designed for you to enjoy the long Andalusian summer nights and winter sunshine. Living rooms and bedrooms are equipped with large glass doors facing the generous terraces facing south. The terraces facing sub-tropical gardens and waterfalls. Further down towards the Mediterranean coastline, enjoy outlook as the green valley, luxury villas and exclusive clubs. All kitchens are fully equipped with appliances from Bosch and they are built to high standards. They are not only beautiful but also functional when particular areas have been created to separate dining room and living room. The surfaces are made of Spanish granite is further evidence of combination of functionality and beauty of Aloha Hill Club apartments.
Aloha Hill Club uses only first-class brands such as household appliances from Bosch, sanitation from Villaroy & Boch, Grohe faucets and Porcelanosa tiles. With 11 different house types to choose from, ranging from spacious 2 or 3 bedrooms to elegant duplex apartments and penthouses, there is something for all tastes and budgets. Being able to stay in one of Marbella´s exclusive areas have far only been possible for Europe elite. Aloha Hill Club is pleased to give everyone the chance to buy luxury apartments and maisonettes with 2 or 3 bedrooms at unbelievable prices. Luxurious and affordable apartments and penthouses. Well-maintained resort with reception service. 28 000 m2 of tropical gardens. Gym, sauna, spa and heated indoor pool. Tennis courts, padel courts and golf green.
Price from € 241,000 Apartment, Golf Course, Fitted Kitchen, Parking: Garage, Pool Communal Pool, Garden: Community, Facing: South Views: Breathtaking, Excellent, Golf, Panoramic, Pleasant, Pool, Surrounds, Urbanisation, Very good.

  • Setting: Close To Golf, Close To Schools
  • Orientation: South
  • Condition: Excellent
  • Pool: Children`s Pool, Communal
  • Climate: Cold A/C, Hot A/C
  • Views: Golf, Panoramic, Pool
  • Features: Covered Terrace, Fitted Wardrobes, Lift, Marble Flooring, Near Transport
  • Furniture: Not Furnished
  • Kitchen: Fully Fitted
  • Parking: Garage
  • Garden: Communal
  • Security: 24 Hour Security

Swedish

Nya lyxiga lägenheter till salu i Aloha Hill Club Marbella.  De ligger i Aloha Valley, Nueva Andalucia, nära centrum av Marbella och Puerto Banus. Här kan du njuta av stillheten, underhållning och den mest exklusiva golfplatsen i Europa. Möjlighet till 100% finansiering. Bank återtagande. Priserna reduceras med 50%.

Totalt 140 lägenheter. 27 lägenheter säljs på mindre än 1 månad. Lägenheterna är ljusa, rymliga och utformad för dig att njuta av de långa andalusiska sommarnätter och vintern solsken. Vardagsrum och sovrum är utrustade med stora glasdörrar som vetter mot generösa terrasser mot söder. De terrass mot subtropiska trädgårdar och vattenfall. Längre ner mot Medelhavets kust, njut av utsikten över gröna dalen, lyxvillor och exklusiva klubbar. Alla kök är fullt utrustade med vitvaror från Bosch och de är byggda för i hög kvalitiet. De är inte bara vacker utan också funktionellt då vissa delar har skapats för att separat matsal och vardagsrum. Köksbänkarna är tillverkade av spansk granit är ytterligare ett bevis på en kombination av funktionalitet och skönhet Aloha Hill Club lägenheter. Aloha Hill Club använder enbart förstklassiga varumärken som hushållsapparater från Bosch, sanitet från Villaroy & Boch, Grohe kranar och kakel Porcelanosa. Med 11 olika lägenhetstyper att välja mellan, allt från rymliga 2 eller 3 sovrum till eleganta duplex lägenheter och takvåningar finns det något för alla smaker och plånböcker. Att kunna bo i en av Marbella exklusiva områden har hittills bara varit möjligt för Europa eliten. Aloha Hill Club är glada att ge alla chansen att köpa lyxiga lägenheter och etagelägenheter med 2 eller 3 sovrum till otroliga priser. Lyxiga och prisvärda lägenheter och takvåningar. Välskött anläggning med reception. 28 000 m2 av tropiska trädgårdar. Gym, bastu, spa och uppvärmd inomhuspool. Tennisbanor och golf.

Pris från 241.000 € per lägenhet, Golfbana, Inbyggt kök, Parkering: Garage, Pool Gemensam Pool, Trädgård: gemenskapen, sydväst läge, Golf, Panorama, pool, mycket bra.