In another valiant attempt to recover from Spain’s property crash and to offload uncountable properties for sale on their books, Bankia, has launched its first eBay style property auctions. More than one thousand properties from SAREB bad bank have been made available to bidders from 43.393€ and in many cases, the newly reduced price is 40% lower than the original sale price, which is excellent news for cash buyers.

All types of properties have been listed from houses, apartments and villas to parking spaces and commercial units available throughout Spain and the Canary Islands. Bidding is open until the 21st of November 2013 and in true eBay style, there is a “Buy it Now” option for those who do not wish to wait until bidding closes. The price would be a little dearer but without the risk of losing out to a higher bid.

For Fuerteventura locals, there are properties available in Corralejo (Bristol Promenade area) from 56.967€ and in Antigua from 46.500€. Full listings can be found on Bankia’s property website,

Happy bidding!!

About Sabrina L. Williams

Although I was born in the UK, I moved to the Canary Islands, Spain at a young age and I haven't looked back. The Canaries is a fantastic place to live, I mean you can do all types of outdoor activities practically all year round because of the great weather. Horses are my poison but the islands are also a superb spot for water sports so they do attract a lot of attention from people around the world. Anyway, enough about that. Back in 2011, I made one of the biggest, scariest yet best decisions I'd ever made and set-up my own business in the middle of a recession. I love what I do as no two days are the same, plus Spanish law keeps me on my toes as it is constantly changing (often without warning!) so there is always something new to learn. As I've branched out in the world of Administrative Consultancy, I decided to create a blog to discuss topics of interest to others in my industry and my clients, share tips and experiences, to see what new ideas people have for improving their businesses and the like so I hope you'll find the time to join me on this venture...

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