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Booming Spanish Auction Market



    "Property Auctions Spain was formed as a result of our endeavours to find affordable property for sale in Spain for our clients who have a limited budget."
The Spanish property market has seen a huge increase in recent years with prices doubling or even trebling in some cases within a very short period of time.

It's a fact that in some regions of Spain, property is out of reach of the average purse, so buying at auction is a viable alternative to secure a property, and enter the Spanish property market.

As in the UK and other countries, when individuals and companies default on loans, and the lender has no other option, property can be seized, and sent to Public Auction, the same is true in Spain. The said property may have been mortgaged or pledged to the lender/bank as a loan guarantee, or seized in the course of demand proceedings.

This boom has faultered in some areas with owners wishing to sell quickly.
Sometimes the auction can be voluntary, where the owners wish to liquidate their assets for various reasons. In the case of the banks, their main concern is to redeem the debt owed, which in most cases is considerably less than the property’s true value.

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