Distressed / Bank Repossession Properties in Spain

Unfortunately in today's economic crisis, property all over the world has been financially affected, and as Property Agents working here in Spain we are aware that property has hit rock bottom and are seeing an increasing number of distressed properties come onto the Spanish market.

Distressed Properties can cover any type of real estate; from commercial spaces to luxury Villas, they tend to be for a variety of reasons with the major one being the owner of the property needs to sell before the bank repossesses the property. This not only makes it a great chance for you to save anything up to 50% off the selling price, but also to make good investment, since purchasing for a discount often means creating a huge margin for profit in the future. For the investors looking to take advantage of the current market conditions there is potential to see a rental yield of up to 8%.

2LET2SELL2BUY have on an established 18 hole golf course complete with 4* luxury Spa Hotel in a desirable location just 15 minutes from a number of beaches two bedroom properties from as little as €54,995, two bedroom en-suite properties with pools from €115,000 and for those wanting something more luxurious we have three bedroom, three bathroom detached villas with pools from as little as €148,995 (only a percentage of what they commanded six years ago).

2LET2SELL2BUY also have beach front villas and Apartments starting from as little as €85,000.

Dependent on the current situation offers can still be put forward on these asking prices (we will deal with this process for you) as we will be dealing with a highly motivated seller who is very interested in getting out of their current financial situation it takes much of the emotion out of the process, so please note you will not be insulting anybody, but do bear in mind they may not be accepted!

We have a very good working relationship with a number of developers/business partners in the area. They have properties that have been foreclosed on and are offering these properties through 2LET2SELL2BUY with completion from four to eight weeks.

Call us on 01223 968 199 for a chat, we can help with viewing trips to Spain where you will be shown around individually by one of our agents.

We live and work here in Spain and have an excellent working relationship with a number of banks and financial companies, our dedicated staff are here to help you through the whole process, before, during and after sale, if you choose to purchase.