The housing market continues to grow, and real estate portals record a nationwide increase in prices and sales. For example, in April, prices increased by 10% year-on-year in most provinces of Spain.
Despite the state restriction on revaluation of the lease agreement at 2% until June 30 (part of the government's anti-crisis plan), market prices for the sale and rental of real estate continue to grow rapidly.
According to the latest data from the Spanish National Institute of Statistics (INE), the Competitiveness Guarantee Index (IGC) reached 2.75% in February 2022.
Against this background, a good alternative is to purchase a property put up for sale by Spanish banks. This is an option for those who are looking for a quality house but at an affordable price. These can be both apartments (flats) and private houses that were seized from debtor clients who were unable to continue paying off loans.
Banks are always extremely interested in the speedy sale of seized property, so they offer favorable conditions to potential buyers. Their prices are much lower than market prices, and the banks provide buyers with an opportunity to get more favorable and simple terms to finance their purchases, even loans up to 100% of the cost.
Below we will look at some affordable housing options posted on the Servihabitat real estate portal.
Apartment in Seville: area 77 sq.m., price — 36 300 euros
This apartment is located in a quiet residential area in the suburbs of Seville, in the "Tabladilla La Estrella" area. There are numerous public spaces and institutions, schools and sports centers. The apartment has three bedrooms, a bathroom, a living-dining room, and a separate kitchen.
Duplex in Valencia: area 111 sq.m., price — 50 600 euros
The duplex is located in Benaguasil, Valencia. The house has two bedrooms, two bathrooms, a living-dining room, and a kitchen. It was built in 2007. There is a small enclosed balcony outside the building, and the building has a modern and convenient elevator.
Duplex in Mallorca: area 82 sq.m., price — 54 900 euros
Mallorca is one of the islands in the Balearic Archipelago. This property is located in the city of Palma de Mallorca. It occupies an area of 82 sq. m. in the city center. The exterior of the building is in good condition. The duplex apartment has three bedrooms, a bathroom, a living-dining room, and a kitchen. The area has schools, retail outlets, shops, sports grounds, and affordable medical care.
Duplex in Barcelona: area 77 sq.m., price — 96 300 euros
This property is located in the city of Sabadell, Barcelona. It occupies the third floor of a residential complex in the city center. There are three bedrooms, a bathroom, a living-dining room, and a kitchen.