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Last Updated on 17/07/2023 by STEPHANE
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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.
- Better financing conditions: Find the current mortgage conditions in our last paper: What are the best Mortgage rates in Spain in 2018?
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.
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
- Read our useful paper on this: Our top 10 pieces of advice for buying your property in Spain
- Allways hire a lawyer to check the situation of the property and to clear any legal hurdle. Fill the form here and find your local independent lawyer thanks to the local network of Howtobuyinspain.
- Technical check with an architect? Those properties could be old or new but unfinished or empty for a while…
- How to pay in £,$,¥ Pounds, Dollars, Francs, Yuan for my Spanish property?
- 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:
- 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
- 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.
- 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.
Land Bank repossessions in Spain
The four real estate bank portals with the most plots for sale are:
- Altamirainmuebles: Altamirainmuebles is the real estate portal of Banco Santander, the largest bank in Spain. It has more than 8.000 plots of lands.
- 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.
Office Bank repossessions in Spain
The three real estate bank portals with the most plots for sale are:
- 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
- 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.
- Solvia: Solvia is the portal from Banco Sabadell. It’s the fourth biggest bank in Spain. It has about 800 offices for sale.
Industrial Bank repossessions in Spain
The two real estate bank portals with the most Industrial properties for sale are:
- Altamirainmuebles: Altamirainmuebles is the real estate portal of Banco Santander, the largest bank in Spain. It has about 600 industrial properties.
- 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.
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
Move with right or left arrows to see all the data of this table
Bank Real Estate Website | # Properties | # Residential | # Land | # Office | # Industrial | Description | Update Date |
|---|---|---|---|---|---|---|---|
| http://www.alisedainmobiliaria.com | >2.000 | >2.000 | Aliseda 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.com | 19.094 | 5.557 | 8.228 | 274 | 597 | Altamirainmuebles is the real estate portal of Banco Santander, the largest bank in Spain. | 03/2018 |
| http://www.bancamarch.es/en | Banca March is a small Spanish bank. | 03/2018 | |||||
| http://www.bankinter.com | >1.000 | >1.000 | Bankinter is the sixth biggest bank in Spain. | 03/2018 | |||
| http://www.bbvavivienda.com/en | >15.000 | >5.000 | >3.000 | >300 | >300 | BBVA 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 | >1.000 | BMN was bought in 2017 by Bankia | 03/2018 | |||
| http://www.haya.es/en/cajamar/ | 11.413 | 4.476 | 1.540 | 817 | 160 | Cajamar 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.com | 2.169 | 408 | 420 | 0 | 192 | Cajasur 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.com | Casaktua 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.es | 2.080 | 1.116 | 60 | 300 | 72 | Grupo Ibercaja is the 8th bank in Spain | 03/2018 |
| http://www.haya.es/en/ | >23.000 | 14.814 | 4.925 | 2.291 | 593 | Haya Real Estate is the portal of Bankia. Bankia is the result of a merger of six smaller banks. | 03/2018 |
| http://www.kutxabankinmobiliaria.es | 1.222 | 380 | 199 | 68 | Kutxa 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/ | 6.131 | 2.044 | 1.823 | 203 | 215 | Liberbank 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.jsp | 1.965 | 03/2018 | |||||
| http://www.sareb.es/en_US/ | >18.000 | 10.571 | 5.381 | 272 | 271 | 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. | 03/2018 |
| http://www.servihabitat.com/en/ | >15.000 | >10.800 | >5.500 | >100 | >300 | Servihabitat 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/ | 6.980 | 4.269 | 1.254 | 789 | 189 | Solvia 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 | >1.600 | 75 | 15 | 700 | Based 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. If you are a financial investor, our last article: “Are bank properties in Spain a nice investment?” could interest you.
Last but not least, if you are about to buy in Spain, read property buyers guide written for any foreign country and 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 us directly!
