[note, the article is from 2014. The market for bank repossession looks completely different in 2017] The major Spanish bank Banco Sabadell ran a high-interest campaign during the summer, which was a great success. These were homes across Spain where prices were reduced by up to a further 25% on already really depressed prices. Now they are running another campaign with a discount on homes 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 don't borrow anything or through another bank). See picture of calculator on the right.

However, the homes that have been further reduced in price are not marked with "special offer" or the like as before, but this becomes apparent when you go to the respective housing website when a calculator appears where the price is shown for cash purchases or different % financing. There is also no end date specified for the extra discounted 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 range in an extensive, nationwide database. Fill in the form below and we will get back to you shortly with the link to the database. Please note that to be registered you must enter an area. However, you get access to all objects in all Spanish provinces.

Registration is completely free and incurs no fees.

Would you like more information on how to buy homes or borrow through this bank? We have PDFs with 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 invest in, how best to rent out your apartment, etc. We are also in 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, how about townhouses in Torrevieja, Costa Blanca, reduced from 60,000 to 45,000 Euros?
• Or townhouses in Calahonda, Costa del Sol, which went down from 155,300 to 132,100 Euros?
• 3 bedroom apartments in Torremolinos reduced from 135000 to 150000 Euro.
• Apartments etc in central Torrevieja, cost around 40,000 Euros and up. The bank also has bungalows with 3 bedrooms from 54300 Euros.
• Houses and apartments in Elviria, near Marbella. Among other things, an apartment with 2 bedrooms and 2 bathrooms, 7 minutes from the beach for 110,000 Euro.
• The campaign also includes houses and apartments in the Canary Islands as well as Mallorca and Barcelona , ​​etc.

There is a large turnover of bankrupt objects in Spain. Most of the best stuff sells out quickly, so when you find something you want to go down and bid on, you need to act fast.

Therefore, the simplest procedure for you to simply register your interest in the form above. Enter your full name, your e-mail and your 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 to know about the bank withdrawal campaign

• The majority of these bank items will sell out quickly. During the summer campaign, which started in June and ended in mid-August, most items were already sold out within a month.
• Registration is free and you do not commit to anything. Please note that bidding during a certain period may occur on certain objects.
• This campaign is simply for those who are concretely interested in buying . For you who are early in the process, who have not yet decided exactly what or where to buy, we instead recommend that you write to info@spanskafastigheter.se and ask for an analysis of the market, where it suits your wishes best to buy, and whether new development , bank properties or second-hand properties are the best choice for you.
• For used bank properties, some form of simpler renovation is often needed, for example painting, new appliances, etc. As for the Costa Blanca and Costa del Sol, spanskafastigheter.se can recommend affordable construction companies who know Swedish/English, and who are familiar with tax deductions (yes, you get make root 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 Euros, and the house next door costs 80,000 Euros, then no more than 3,000-5,000 Euros are required for renovation. So you can save 15000-25000 by buying a bank item! Please note, however, that not all bank properties are in need of renovation, several are even new development .
• We can also help give tips on rental companies and 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 10 largest bank, but it has done everything right and is far ahead of its banking competitors in terms of service and presentation. In addition, they offer favorable loans, with fast processing.

New housing boom in Spain - The 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 references) and the New York Times wrote an article at the beginning of June about how the buying hysteria in Spain is currently "totally unreal". According to the NYT, it is mainly the British who have realized the investment opportunity, but we at spanskafastigheter.se can also confirm that Swedish investors have also begun to understand exactly what an incredible opportunity is to be found in Spain here and now. The number of booked customers grows every week, despite the fact that summer is usually relatively quiet.

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

However, 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. Admittedly, the supply thins out quickly in the most popular resorts such as Nerja, Palma and Marbella. However, there is so much empty space around the country that for those who want to buy a normal holiday home in a few years, the prices will continue to 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.