The Sareb – Spain’s so-called Bad Bank – is preparing to sell a portfolio of luxury villas in a selection of upmarket destinations, plus country estates dotted around the land.
Known as Project Paramount, the luxury portfolio includes 35 homes in Madrid, Barcelona, the Costa del Sol, the Costa Blanca, and the Balearics, with combined value of €38m.
“Our Exclusive Homes – Project Paramount – catalogue will be coming soon and will include a select choice of exclusive homes located in prime tourist areas and urban city centres,” goes the blurb in the Sareb catalog.
Prices range from just under half a million Euros, to over three million Euros. The most expensive being a house in Aiguamurcia, Tarragona province (Costa Dorada, Catalonia), priced at €3.15m, with fifteen bedrooms, that was originally going to be a luxury hotel.The rural properties are part of a portfolio called Project Harvest, which the Sareb describe in these terms: “A wide range of properties across Spain has been selected, including: hunting estates, cattle ranches, farms and olive plantations.”
Sareb web pages for Project Harvest and Project Paramount
The Sareb website has a page in English and Spanish for each of these portfolios, with a pdf in English you can download: