Banks Still Have A Lot Of Holiday Homes To Sell

Repossessed development on the Costa del Sol
Repossessed development on the Costa del Sol

The Spanish property crash has been going on for seven years, but banks still have tens of thousands of repossessed holiday homes and developments to sell.

The Spanish property portal reports that Spanish banks still have 150,000 real estate assets on their books, including garages, offices, industrial buildings, land, and lots and lots of homes.

Discounts on offer might not be as aggressive as they were, but there are still some good deals to be had, say Idealista. Especially holiday homes, with discounts of up to 50 per cent or more.

For anyone interested, here is a list of most of the banks and their real estate websites:

Banco Santander: Altamira Inmuebles

BBVA: BBVA Vivienda

Popular: Aliseda Inmobiliaria

Caixabank: Servihabitat

Bankia: Haya

Banco Sabadell: Solvia

Bankinter: Bankinter

Grupo BMN: BMN Viviendas

Kutxabank: Kutxabank Inmibiliaria

Unicaja: Unicaja Inmuebles

Caja España Duero: Giasa Inversiones

Ibercaja: Portal Inmobiliario Grupo Ibercaja

Liberbank: Liberbank Viviendas

Abanca: Ecogecasa

Cajamar: Cimenta2

SPI Member Comments

Thoughts on “Banks Still Have A Lot Of Holiday Homes To Sell

  • If the banks want to sell their properties, then they need to improve their websites which are almost all completely useless when compared with Rightmove etc.

  • I see the article mentions ‘discounts of up to 50% or more’ but is this based on actual previously advertised or sold prices’? Previously advertised or sold prices are no reflection on their correct worth. The reason I ask is that it is generally accepted that Spanish property prices were overblown in the boom years and therefore nobody knew their true worth. Perhaps the current prices are at the levels they should have been in the boom and buyers maybe should only now make much reduced offers if they wish to buy.

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