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Spanish bank repossessions: Your ultimate guide to 120.000 properties

23 Feb
2018

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Spanish bank repossessions: Your ultimate guide to 120.000 repossessed properties 

 

Residential, Land, Offices and Industrial repossessed properties in Spain

 

First, why buy a Spanish bank property?

Better financing conditions

  • Price is lower most of the time because the bank doesn’t want to keep it on its balance sheet
  • More lending: one of the big advantages is that you can get a bigger loan … up to 100% of the Value of the property, in general foreigners would have difficult to get more than 70%. Have a quick look at our mortgage calculator to know your buying power.

 

 

 

So, if you find your bank property, negotiate the best rates with your Spanish bank ;). Have a look at our free report: Your Spanish Mortgage: How to apply? How to get the best rates? The only condition to get it is to subscribe to our weekly newsletter.

 

Our reports on how to buy a property in Spain

 

Why are there so many bank properties in Spain?

As you can see from our table “Returns and mortgages in Spain“, there are about 25 million properties in Spain. Before the crisis of 2008, about 0.8 million properties were sold per year in Spain.

In 2016, 456.000 properties were sold and 73.000 were foreclosed, i.e. less than 0.3% of the properties in Spain.

 

73.000 properties foreclosed in 2016

Before 2016, A lot of properties were foreclosed after the quick increase in real estate prices in 2007. In the following years after the crisis and with the decreasing prices, people couldn’t afford those properties anymore.

Check the chart of real estate price evolution before and after 2007:

 

Which regions have the highest foreclosure rate in Spain in 2016?

  • Region of Murcia 0.89%,
  • Andalusia 0.74%
  • Valencian community 0.7%.

For more on that subject, read our article on the foreclosures in Spain:  Foreclosures in Spain in 2016.

 

 

Our Tips

 

 

 

 

  • Study properties in the neighbourhood in order to make the perfect offer for the bank.
  • Location not always terrific: pay attention to the location.
  • Submit a bid directly to the branch manager, even better if you are a customer.
  • Ask the local branch manager if they are properties not listed online.
  • Have a look at all our partners’ deals: we have the connections with local lawyers working for foreigners in many languages in all the Spanish regions and we have other interesting contacts in our network, check it here:

 

 

Your easy guide to help you find your foreclosed property

How we sorted the properties?

In order to help you as much as we can and as we noticed that our earlier paper Where are the Spanish bank properties for sale?  was a direct big success. We decided to have a more detailed analysis of all the different bank repossessions on the market, we regrouped all the Spanish bank portals with a lot of bargains… We found more than 120.000 properties for sale.

We sorted the properties by type of use: Residential, Land, Offices and Industrial.

For all those categories, we will provide you with the top 3 bank real estate portals with the most properties.

At the end of this section, you will find our exclusive table (easier to read on a computer, difficult to fit so many data in a readable table for mobile users, sorry) regrouping all the Spanish bank websites with the repossessed properties.

Our tip: As you know, some banks are more active than others in some regions. Always try to know which one you should check for your region… a small local bank could be much better than a large national bank for finding your dream property in a certain region.

 

Residential Bank repossessions in Spain

The three real estate bank portals with the most Residential properties for sale are:

  1. Haya Real Estate: Haya Real Estate is the portal of Bankia. Bankia is the result of a merger of four smaller banks. They have more than 14.000 repossessed residential properties all over Spain
  2. Servihabitat: Servihabitat is the portal from “la Caixa Bank”. Servihabitat is the portal from “la Caixa Bank”. CaixaBank is the leading retail bank in Spain, with the largest customer base. They have more than 10.000 repossessed residential properties all over Spain.
  3. Sareb: Sareb is a company created to manage assets from many Spanish banks. As of June 2017, the portfolio of Sareb has 39 billion euros, of which 30% is real estate. They have more than 10.000 repossessed residential properties all over Spain.

Find more residential bank repossessions on our exhaustive table of all the Spanish bank web portals at the end of this article.

 

Land Bank repossessions in Spain

The four real estate bank portals with the most plots for sale are:

  1. Altamirainmuebles: Altamirainmuebles is the real estate portal of Banco Santander, the largest bank in Spain. It has more than 8.000 plots of lands.
  2. Three other players have about 5.000 plots of land:
    • Haya Real Estate: Haya Real Estate is the portal of Bankia. Bankia is the result of a merger of four smaller banks. 
    • Servihabitat: Servihabitat is the portal from “la Caixa Bank”. Servihabitat is the portal from “la Caixa Bank”. CaixaBank is the leading retail bank in Spain, with the largest customer base.
    • Sareb: Sareb is a company created to manage assets from many Spanish banks. As of June 2017, the portfolio of Sareb has 39 billion euros, of which 30% is real estate. 

 

Find more plot of land from bank repossessions on our exhaustive table of all the Spanish bank web portals at the end of this article.
 

Office Bank repossessions in Spain

The three real estate bank portals with the most plots for sale are:

  1. Haya Real Estate: Haya Real Estate is the portal of Bankia. Bankia is the result of a merger of four smaller banks. They have more than 2.000 repossessed offices all over Spain
  2. Cajamar: Cajamar properties are managed by Haya Real Estate, the portal of Bankia. Bankia is the result of a merger of four smaller banks. It has about 800 offices in Spain for sale.
  3. Solvia: Solvia is the portal from Banco Sabadell. It’s the fourth biggest bank in Spain. It has about 800 offices for sale.

Find more Office bank repossessions on our exhaustive table of all the Spanish bank web portals at the end of this article.

 

Industrial Bank repossessions in Spain

The two real estate bank portals with the most Industrial properties for sale are:

  1. Altamirainmuebles: Altamirainmuebles is the real estate portal of Banco Santander, the largest bank in Spain. It has about 600 industrial properties.
  2. Haya Real Estate: Haya Real Estate is the portal of Bankia. Bankia is the result of a merger of four smaller banks. It has about 600 industrial properties.

 

Find more industrial bank repossessions on our exhaustive table of all the Spanish bank web portals at the end of this article.

Maybe one of THE BEST PLACE TO CHECK? The official Spanish State portal for auctions (in Spanish)

From time to time, the Spanish State has to sell properties to recoup taxes or other, you have a list of properties per region:

The official Spanish State portal for auctions 

 

Our full updated list of the Spanish bank real estate portals with bank repossessions

Bank Real Estate Website
# Properties
# Residential
# Land
# Office
# Industrial
Description
Update Date
http://www.alisedainmobiliaria.com>2.000>2.000Aliseda Inmobiliaria is the real estate portal of Banco Popular, the 5th Bank in Spain acquired by Santander Group in 2017 (biggest bank in Spain).03/2018
http://www.Altamirainmuebles.com19.0945.5578.228274597Altamirainmuebles is the real estate portal of Banco Santander, the largest bank in Spain.03/2018
http://www.bancamarch.es/en<1.000Banca March is a small Spanish bank.03/2018
http://www.bankinter.com>1.000>1.000Bankinter is the sixth biggest bank in Spain.03/2018
http://www.bbvavivienda.com/en>15.000>5.000>3.000>300>300BBVA Vivienda or Anida, is the portal of BBVA Vivienda, the real estate subsidiary of Banco Bilbao Vizcaya Argentaria. BBVA is the second biggest bank of Spain.03/2018
http://www.bmnviviendas.com>1.000>1.000BMN was bought in 2017 by Bankia03/2018
http://www.haya.es/en/cajamar/11.4134.4761.540817160Cajamar properties are managed by Haya Real Estate, the portal of Bankia. Bankia is the result of a merger of six smaller banks.03/2018
http://www.cajasurinmobiliaria.com2.1694084200192Cajasur Inmobiliaria is a subsidiary of Bilbao Biskaia Kutxa (BBK) en Aurrezki Kutxa eta Bahitetxea. It has properties from Andalusia to Costa Blanca.03/2018
http://www.casaktua.comCasaktua is the portal of Banco Banesto, the 3rd biggest bank in Spain. In 1997, Banco Santander bought the majority of this bank.
http://www.ibercaja.es2.0801.1166030072Grupo Ibercaja is the 8th bank in Spain03/2018
http://www.haya.es/en/>23.00014.8144.9252.291593Haya Real Estate is the portal of Bankia. Bankia is the result of a merger of six smaller banks.03/2018
http://www.kutxabankinmobiliaria.es1.22238019968Kutxa bank is a Bank created in 2012 from the merger of 3 "Cajas" in the Basque Country.03/2018
http://www.haya.es/en/liberbank/6.1312.0441.823203215Liberbank properties are managed by Haya Real Estate, the portal of Bankia. Bankia is the result of a merger of six smaller banks.03/2018
http://portalinmobiliario.bancocooperativo.es/buscador/resultados.jsp1.96503/2018
http://www.sareb.es/en_US/>18.00010.5715.381272271Sareb is a company created to manage assets from many Spanish banks. As of June 2017, the portfolio of Sareb has 39 billion euros, of which 30% is real estate.03/2018
http://www.servihabitat.com/en/>15.000>10.800>5.500>100>300Servihabitat is the portal from "la Caixa Bank". CaixaBank is the leading retail bank in Spain, with the largest customer base.03/2018
http://www.solviarealestate.com/en/6.9804.2691.254789189Solvia is the portal from Banco Sabadell. It's the fourth biggest bank in Spain.03/2018
http://www.unicajainmuebles.com/inicio.do?siteLanguage=en>2.500>1.6007515700Based in Málaga, it is a subsidiary of Unicaja which has a clear leading position in its home regions of Andalusia and Castilla y León.03/2018

 

If you want you can find those Spanish bank real estate web portals on our web page regrouping all the real estate websites of the Spanish banks.

 

Last but not least, if you are about to buy in Spain, read our two very useful articles:

The cost of buying a property in Spain:  What is the real cost of buying your Spanish Property?

 

The cost of owning a property in Spain: What is the real cost of owning your Spanish property?

 

Remember, the risks are higher if you buy a bank property from a bank. In Spain, furthermore, we would always advise you to work with a lawyer when you buy a property. He will make sure everything is fine. We developed privileged relationships with local lawyers very active with foreigners, don’t hesitate to ask us for a lawyer in a specific region.

 

 

Before buying in any region, have a quick look at all our research on the top 20 Spanish Cities: Everything you ever wanted to know about the top 20 Spanish Cities real estate markets

 

Looking for an expert in Spain: Lawyer, Architect, Property Hunter, Mortgage? Ask our network of local partners directly!

Stéphane 

Senior Analyst and Strategist at HTBIS

Check the full HTBIS team here

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