Bank repossessions in Spain is closed market where the employees are being offered the properties first. Then partner companies get their choise of the bank repossessions in Spain, and latest are the general public
Bank repossessions in Spain are not found easily as the banks are not interested in sending the properies bank into the market at reduced priced properties. The reason is that many developers are struggling, and if the banks where to feed all the repossessed properties into the market with substantial price reductions, even more developers would suffer.
The banks have setup real estate branches to handle the large amount of properties they receive back from developers unable to continue with the current financial crisis.
BBVA is selling its repossessoins via Anida.
CAM has set up Mediterranean International to sell off the bank repossessions.
Banco Popular repossessoins
Aliseda Gestion Inmobiliaria is owned by Banco Popular to handle the repossessions.
Keywords for this article
Spanish bank repossessions
Distressed sale in Spain
Repossessed villa for sale in Spain
Repossessed apartment for sale in Spain