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, www.bankiahabitat.es