[Note, the article is from 2014. The market for bank repossession looks completely different in 2017] The major Spanish bank Banco Sabadell ran a very interesting campaign during the summer, which was a great success. It involved housing all over Spain where prices were reduced by up to a further 25% on already really depressed prices. Now they are running another campaign with discounts on housing all over Spain. If you borrow through the bank, you also get an extra discount (note that the prices are basically reduced even if you do not borrow anything or through another bank). See the picture of the calculator on the right.

However, the homes that are further reduced in price are not, as previously, marked with "special offer" or similar, but it is clear when you go to the respective home's website when a calculator appears where the price is shown for cash purchases or different % financing. There is also no last date specified for the extra discounted the price .

Do you want to know which bankruptcy properties are on the market in Spain right now?

First we register you, then we send you a link where you can see the offerings in a comprehensive, nationwide database.  Fill out the form below and we will get back to you with the link to the database shortly. Please note that to register you must specify an area. However, you will have access to all listing in all Spanish provinces.

Registration is completely free and does not involve any fees.

Would you like more information about how to buy a home or borrow through this bank? We have PDFwith information about the auction process and loan terms (and what documents you need to attach to apply for a loan)? Send an email to info@spanskafastigheter.se We can also help with general advice on which areas to focus on, how best to rent out your apartment, etc. We also have contact with the manager of Banco Sabadell in Sweden who can help with more specific questions.

 Discount on selected bank-repossessed homes when financing through Banco Sabadell

• For example, what about townhouses in Torrevieja, Costa Blanca, reduced from 60,000 to 45,000 Euros?
• Or townhouses in Calahonda, Costa del Sol, which have dropped from 155,300 to 132,100 Euros?
• 3 bedroom apartments in Torremolinos reduced from 135,000 to 150,000 Euros.
• Apartments etc in central Torrevieja, cost around 40000 Euros and up. The bank also has bungalows with 3 bedrooms from 54300 Euros.
• Houses and apartments in Elviria, near Marbella. Including an apartment with 2 bedrooms and 2 bathrooms, 7 minutes from the beach for 110,000 Euros.
• The campaign also includes houses and apartments in the Canary Islands and Mallorca and Barcelona, etc.

There is a high turnover in bankruptcy listing in Spain. Most of the best things sell out quickly, so when you find something you want to go down and bid on, you have to act fast.

Therefore, it is simplest procedure that you simply register your interest in the form above. Enter your full name, email and phone number and where in Spain you are looking (if you don't know where, write to info@spanskafastigheter.se for advice and tips). We will then register you with the bank, whose staff will get back to you.

Important things to know about bank repossession campaign

• The majority of these bank repossession will sell out quickly. During the summer campaign that started in June and ended in mid-August, most of them sold out within a month.
• Registration is free and you are not obligated to anything. Please note that bidding may occur on some listing for a certain period.
• This campaign is simply for those who are specifically interested in buyingFor those of you who are early in the process and have not yet decided exactly what or where to buy, we recommend that you instead write to info@spanskafastigheter.se and ask for an analysis of the market, where it best suits your wishes to buy, and whether new development , bank repossession or second-hand property is the best choice for you.
• For used bank repossession some form of simple renovation is often needed, such as painting, new appliances, etc. As for the Costa Blanca and Costa del Sol spanskafastigheter.se can recommend affordable construction companies that speak Swedish/English, and are familiar with tax deductions (yes, you can make tax deductions for the purchase of a Spanish home). It is cheap to renovate in Spain.
• For example, if you buy an apartment for 50,000 Euro, and the neighboring house costs around 80,000 Euro, then no more than 3,000-5,000 Euro is required for renovation. You can therefore save 15,000-25,000 by buying a bank repossession ! Please note, however, that not all bank repossession are in need of renovation , several are even new constructions.
• We can also help provide tips on rental companies as well as the most effective way to market your home.

More information about the bank:

Banco Sabadell is not a well-known brand in Sweden, but it is a stable bank that is now Spain's 4th largest private bank and well-known among Spanish Swedes. Before the crisis, the bank was the 10th largest bank, but it has done everything right and is far ahead of its banking competitors in terms of service and presentation. In addition, it offers favorable loans, with fast processing.

New housing boom in Spain – New York Times reports on the buying frenzy

There is currently a buying frenzy in Spain. DI wrote a few months ago about how the buying window is closing (with spanskafastigheter.se as one of two reference ) and the New York Times wrote an article at the beginning of June about how the buying frenzy in Spain is currently “totally unreal”. It is mainly the British who have realized the investment opportunity according to the NYT, but we at spanskafastigheter.se can also confirm that Swedish investors have also begun to understand exactly what an incredible opportunity there is in Spain here and now. The number of booked customers is growing every week even though the summer is usually relatively quiet.

We wrote a press release during the summer, which highlighted how prices in Florida rose by 21% last year, thanks to investors starting to buy up empty properties, which they rent out and make a good income even before property value growth . It is this development that is now happening in Spain and the boom that the Spanish housing market is currently experiencing is attributed by the New York Times to Blackstone's purchase of nearly 2,000 properties in capital city Madrid last year for 1.2 billion SEK.

The New York Times describes it as investors from all over the world coming to Spain to “fight for the breadcrumbs” that are left to invest in. It’s not really that bad, though. The supply is certainly dwindling quickly in the most popular resorts like Nerja, Palma and Marbella. However, there are so many plot of land around the country that for those who want to buy a regular holiday home in a few years, the prices will still be good.

But if you want to invest and make the deal of a lifetime, don't wait any longer. The time to invest in a home that is attractive on the rental market is now – not in the coming years.