Bank Reposessions Website
Dec 19th 2010 | 5:02 am
#1
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Bank Reposessions Website
Apparently this site lists properties reposessed by Spanish banks. I have been looking at some of the stuff listed, and they still appear to be overpriced. Has anybody tried this site before? Are these prices open to offers?
http://www.pisosembargados.com/
I am seeing 2 bedroom properties listed for around 280,000 Euros in Marbella. Which is probably a 100K over what I think they are worth.
http://www.pisosembargados.com/
I am seeing 2 bedroom properties listed for around 280,000 Euros in Marbella. Which is probably a 100K over what I think they are worth.
Dec 19th 2010 | 5:54 am
#2
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Joined: Feb 2009
Posts: 4,987
Re: Bank Reposessions Website
I am not looking to buy, but a friend who is told me CAM bank repossions are overpriced and they do not negotiate. Upside is you may have a better prospect of getting a mortgage.
I did have a passing interest in a large repo villa whch IMHO seemed very reasonably priced, so I guess you need to decide for yourself. It is not so easy to determine the current market value in spain as it is in UK.
I did have a passing interest in a large repo villa whch IMHO seemed very reasonably priced, so I guess you need to decide for yourself. It is not so easy to determine the current market value in spain as it is in UK.
Dec 19th 2010 | 7:30 am
#3
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Posts: 882
From: Ayamonte
Re: Bank Reposessions Website
Apparently this site lists properties reposessed by Spanish banks. I have been looking at some of the stuff listed, and they still appear to be overpriced. Has anybody tried this site before? Are these prices open to offers?
http://www.pisosembargados.com/
I am seeing 2 bedroom properties listed for around 280,000 Euros in Marbella. Which is probably a 100K over what I think they are worth.
http://www.pisosembargados.com/
I am seeing 2 bedroom properties listed for around 280,000 Euros in Marbella. Which is probably a 100K over what I think they are worth.
Dec 19th 2010 | 10:54 am
#4
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Joined: Nov 2007
Posts: 536
Re: Bank Reposessions Website
Dec 19th 2010 | 11:06 pm
#5
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Re: Bank Reposessions Website
Apparently this site lists properties reposessed by Spanish banks. I have been looking at some of the stuff listed, and they still appear to be overpriced. Has anybody tried this site before? Are these prices open to offers?
http://www.pisosembargados.com/
I am seeing 2 bedroom properties listed for around 280,000 Euros in Marbella. Which is probably a 100K over what I think they are worth.
http://www.pisosembargados.com/
I am seeing 2 bedroom properties listed for around 280,000 Euros in Marbella. Which is probably a 100K over what I think they are worth.
also http://www.connellsoverseas.com/
Rightmove have a lot of repos discounted properties too.
Dec 20th 2010 | 1:50 am
#6
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Joined: Apr 2008
Posts: 281
From: Manilva
Re: Bank Reposessions Website
Subscribe to fotocasa.es, there is a 400m2 4bed/3 bath townhouse in La Mairena for 235K and a whole raft of cheap 2 beds for well under 200K. I am yet to see any decent deals from the banks yet
Dec 20th 2010 | 2:50 am
#7
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Joined: Sep 2002
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From: UK & Spain (Cádiz Province)
Re: Bank Reposessions Website
La Caixa is a large bank and they have their own portal for selling repossessions.
http://www.servihabitat.com/svhPortal?idioma=3
http://www.servihabitat.com/svhPortal?idioma=3
Dec 20th 2010 | 6:24 am
#8
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Posts: 882
From: Ayamonte
Dec 20th 2010 | 6:50 am
#9
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Joined: Sep 2002
Posts: 454
From: UK & Spain (Cádiz Province)
Re: Bank Reposessions Website
This is an interesting graph on http://www.spanishpropertyinsight.com
shows the trend since 1st Quarter 2006 of sales to Foreigners. Explains the glut of holiday homes and the problem the banks have.
shows the trend since 1st Quarter 2006 of sales to Foreigners. Explains the glut of holiday homes and the problem the banks have.
Dec 20th 2010 | 7:41 am
#10
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Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
Re: Bank Reposessions Website
This is an interesting graph on http://www.spanishpropertyinsight.com
shows the trend since 1st Quarter 2006 of sales to Foreigners. Explains the glut of holiday homes and the problem the banks have.
http://www.spanishpropertyinsight.co...gners-q310.jpg
shows the trend since 1st Quarter 2006 of sales to Foreigners. Explains the glut of holiday homes and the problem the banks have.
http://www.spanishpropertyinsight.co...gners-q310.jpg
Dec 20th 2010 | 8:41 am
#11
squeaky clean
Joined: Mar 2010
Posts: 1,576
From: Spain 4th feb 08 - October 11, now flits batck and forth from sunny Worthing
Re: Bank Reposessions Website
I've heard that the banks give reputable estate agents first refusal of selling decent properties and the stuff that they have left is "the rubbish" that no one wants - I doint know if thats true though it was an estate agent that told me, but they do get some pretty amazing properties from bank repossessions!!!!
Jo xxx
Jo xxx
Dec 20th 2010 | 8:45 am
#12
RETIRED ;-))
Joined: Jul 2003
Posts: 20,156
From: Benalmadena Pueblo,Spain
Re: Bank Reposessions Website
I've heard that the banks give reputable estate agents first refusal of selling decent properties and the stuff that they have left is "the rubbish" that no one wants - I doint know if thats true though it was an estate agent that told me, but they do get some pretty amazing properties from bank repossessions!!!!
Jo xxx
Jo xxx
Dec 20th 2010 | 3:40 pm
#13
Thread Starter
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Joined: Nov 2007
Posts: 536
Re: Bank Reposessions Website
I've heard that the banks give reputable estate agents first refusal of selling decent properties and the stuff that they have left is "the rubbish" that no one wants - I doint know if thats true though it was an estate agent that told me, but they do get some pretty amazing properties from bank repossessions!!!!
Jo xxx
Jo xxx
http://news.kyero.com/2010/07/21/spa...erty-recovery/
Spain’s banks are deliberately stifling the property recovery they are desperate to see by screwing agency commission rates down to 1.5% to 3%; and by forcing developers to the wall.
“It’s a mess,†says Greg Butcher of developers Ocean Village Gibraltar. “The Spanish banks just don’t respect property agents in Spain.
It is a very, very difficult situation … there is no margin for the sales network to reinvest and lots of agencies are not going to be able to make a profit.â€
“It’s a mess,†says Greg Butcher of developers Ocean Village Gibraltar. “The Spanish banks just don’t respect property agents in Spain.
It is a very, very difficult situation … there is no margin for the sales network to reinvest and lots of agencies are not going to be able to make a profit.â€
Dec 20th 2010 | 7:21 pm
#14
squeaky clean
Joined: Mar 2010
Posts: 1,576
From: Spain 4th feb 08 - October 11, now flits batck and forth from sunny Worthing
Re: Bank Reposessions Website
I think it is a line they are feeding you. According to another website the agents are whining about how low the commissions are that it is not worth their while to market these properties. Maybe the truth is somewhere in between.
http://news.kyero.com/2010/07/21/spa...erty-recovery/
http://news.kyero.com/2010/07/21/spa...erty-recovery/
Jo xxx
