A Unique Opportunity in the Real Estate Market
With housing prices constantly rising, many are wondering where to find attractive deals. The Tax Agency has launched an initiative that has caught the attention of those interested: the sale of foreclosed flats at prices that seem like a dream, with some properties starting at just 1,500 euros.
What are Tax Seized Flats?
The properties that are put up for auction come from unpaid debts of individuals and companies. Treasury, in an effort to recover debts, offers these flats for sale, thus expanding the options for those looking for a new home or real estate investment.
Locations and Conditions of the Properties
The seized properties are distributed throughout the Spanish territory. Although some need significant improvements, they represent an opportunity for those with a business vision or who are looking for housing at a reduced cost. For example, in Talavera la Real, 3.33% of a property is available for 1,519 euros, while in Níjar, a flat of 95 square meters can be purchased for 11,725 euros.
How Does the Auction Process Work?
Participating in auctions is not as complicated as it might seem. The first step is to register on the BOE’s auction portal, accessible through the official website of the Treasury. Those interested need a digital certificate or access to the Cl@ve system.
Requirements and Steps to Follow
After registration, it is essential to deposit a guarantee equivalent to 5% of the initial price of the selected flat. If a bidder is successful, they have 20 days to make full payment. In addition, the portal allows you to configure personalized alerts to keep up to date with new offers.
We value the purchase of a Foreclosed Apartment
The decision to purchase a foreclosed home depends on the needs and situation of each buyer. These offers can be very attractive, with prices below market, and in some cases, for less than the cost of a year’s rent.
Aspects to take into account
However, it is vital to evaluate several factors before placing a bid. Many of these properties may require major renovations, which would increase the total cost. In addition, there is the possibility that some flats are occupied or have legal charges, aspects that must be investigated in advance.
