Ahip Solutions

Spanish Bank Repossessions ? How Best to Take Advantage of Spanish Property Market

With so much talk, opinion and conjecture about Spanish bank repossessions I thought it would be a good idea for my this Article Base article to talk about the opportunities and pitfalls of buying from banks in Spain in current market. So is now a good time to buy from Spanish Banks?

Firstly one needs to understand the different types of repossessions here in Spain and how your own individual circumstances will dictate what is right for you. 

The first opportunity is to deal with banks before they actually repossess the property and incur substantial additional charges on the property which they will look to the end buyer. At this point the bank could be working with the owner of the property to help them sell it without having to go to court.

The second is the actual Spanish property auction. However for the international property buyer this can be very dangerous unless you know exactly what you are doing and there are some horror

Distressed Spanish Property Sales V Spanish Bank Repossessions

Over the past few months there has been a lot written and publicized about Distressed Spanish Property sales and Spanish bank property repossessions with lots of different real estate companies making fantastic claims and fantastic offers. So what is the difference and more importantly given the choice between a distressed sale and Spanish bank repossession which represents the best value, well that probably depends on what type of property you are going to buy and what sort of budget you have to spend according to the Spanish property experts Spanish Hot Properties

“Firstly you have to understand the major difference between the two types of property sales. A Bank repossession is basically what it says on the tin where the bank has gone through the whole repossession process which includes hefty costs that are then added to the price of the property and nearly all Spanish banks are looking receive 100% of the

Luxury Spanish Property bargains in Costa del Sol with Spanish Hot Properties

The word “Luxury” doesn’t normally go with the word “Bargain” but in Costa del Sol right it is possible to buy real luxurious Spanish properties at bargain prices according to Susana Suspenda Marketing & Operations manager of the Spanish property experts Spanish Hot Properties.  “The people looking at the luxury market are looking for big spacious apartment over 100 M2 built bur preferably 120M2 built and up until recently it hasn’t always been possible to buy such luxury apartments for under €4000 per square meter.  An example of this is Luxury apartments we have in Atalaya that with discounts and coming in at €2600.00 PSM and we amazingly now have luxurious apartments tin Los Flamingos golf coming in at €3000.00 PSM.  This is also reflected in the Villa market where we have luxurious villas in the Golden Mile for an incredible €800,000 working out at €2300.00 Euros PSM” explained Susana

Do Spanish Property Bargains Still Exist?

A question posed to me recently by a friend of mine on the coast and a very good question it was to. The obvious Answer for Spanish property buyers is yes but not to the level that people from outside of Spain would think.

At the present time the majority of buyers really do want their cake and eat it and it is only the buyers who come to terms with the situation who really end up getting a great deal. A good example of this is somebody wants to buy an apartment in Costa del Sol but needs a 100% mortgage. As all of us know here in Spain if you’re buying a resale it’s almost impossible to get a mortgage over70% and with costs this means 40% deposit when you need a 100% Mortgage. However in Costa del Sol we have about 6 projects where the bank are prepared to give 100% mortgages as that is what they have outstanding after discounting the price of properties to a level where people will buy. However the majority of clients say I don’t want that property

Is Buying Cheap Spanish Properties a Tangible Goal?

Spain is very popular for its splendid landscapes, beautiful, neat beaches, clear waters, pleasant climate, great culture, the welcoming character of the locals, as well as the affordable, little demanding way of life found here. This cumulus of remarkable features has brought a major contribution to local tourism, transforming Spain into a major center for tourism on the European continent.

Thanks to its great potential for tourism, Spain has recently become a very attractive location for hundreds of real estate investors interested in making quick profits by exploiting this valuable tourist potential. In the last few years, real estate investors have concentrated their investments in the most desirable regions of Spain, creating vast tourist resorts and luxurious residential establishments particularly in those areas. The massive investments in popular regions such as the coast of Spain have determined property prices to rise considerably in such