Bank Repossessions, Subasta, Government Auctions & Bargains in Mallorca

Buying a property direct from a public auction in Spain & Mallorca

Using the subasta legal system can lead to significant savings over the open market rate, it is possible to gain unlimited discounts, however professionally speaking, properties in forced sales in Spain can win 20% - 30% against open market rate. However this route is also more complicated & potentially risky than the general real estate market.

Imperial Properties have specialist skills in navigating the highly complicated system of properties coming to auction in Spain.  The Spanish legal system allows for a creditor to pursue monies owed via the forced sale of assets of a debtor in court and ultimately to take possession of the property and put it to auction in the public space. 

This system is know generally as "subasta" in Spain and requires in depth knowledge and specific legal skills to avoid buying a bargain in Mallorca and ending neck deep in legal battles in the future. 

We have developed a specific department in our Santa Ponsa office to assist the purchase of government auction properties in Spain.  These properties are not "listed" in the normal manner as they are only available to agents with the necessary access to the systems in place that manage the auction and repossession of properties in Spain.

In conjunction with a specialist subasta lawyer in Mallorca, we can offer a unique property finder service to anyone who wants to take advantage of the auction savings that can be generated. 

If you would like to explore this option further, please Contact us or use our contact form at the top of this page and one of our auction specialists will contact you to discuss options available to you.

Properties direct from the bank – Repossession specialists

Imperial Properties specialise in selling properties direct from the bank, we have contractual arrangements with Spanish banks to offer their repossessed properties directly from their stock.

Properties are often repossessed from vacant owners and the represented back to the market at vastly reduced market prices. Call us to check how low you can offer on any of these properties, generally we know exactly which banks will accept what discounts. We specialise in bank repossessed properties from Servihabitat and other spanish banks.