Mansion in Asturias to be auctioned with reserve price 50% of asking price

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This topic contains 0 replies, has 1 voice, and was last updated by  Mark Stücklin 2 months, 3 weeks ago.

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    Mark Stücklin
    Keymaster

    This mansion in Asturias is reported to be going to auction in September with a reserve price of €1.4m compared to asking price of €3m (which never attracted a buyer in years). Family can’t agree on anything so the only solution is auction. In Spain, when ownership is shared and one owner wants out the only option is to force the sale at auction if the other owners refuse to sell (and assuming the property cannot be equally divided).

    https://www.idealista.com/pro/grupo-integral/inmueble/36361412/

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