If you’re dreaming of buying a home in Spain for less than €15,000, it’s now within reach. Over 1,000 properties across Spain are available through Social Security property auctions, making it easier than ever to find an affordable home.
Whether you’re looking for a new home or an investment property, these auctions provide a low-cost alternative to traditional real estate markets. Here’s what you need to know to get started.
What Makes These Low Prices Possible?
Properties listed in these auctions are typically repossessed homes or assets seized due to unpaid debts. After repossession, Spanish Social Security lists these properties online, offering buyers a chance to bid at prices as low as €11,000. The auctions also include other types of assets, such as vehicles, land, and furniture, giving buyers a range of affordable options.
Tip: Check auction terms carefully. Not everyone is eligible to bid, including tax assessors or Executive Tax Collection Service members.
Requirements for Bidding on Auction Properties
To take part in these auctions, you’ll need a digital certificate or a Cl@ve system registration with Social Security. Here’s a quick overview:
| Requirement | Details |
|---|---|
| Legal Representation | It’s highly recommended to have legal assistance to review documents and ensure smooth transactions. |
| Digital Access | Register with Social Security using a digital certificate or Cl@ve system for access to auctions. |
| Property Location | Carefully verify property location and conditions before bidding. |
Available Auction Properties
Below are examples of current properties available through Social Security auctions:
| City | Property Description | Appraisal Amount | Auction End Date |
|---|---|---|---|
| Malaga | Apartment on Avenida Juan XXIII with a transfer price equal to the appraisal value | €46,311 | November 20 at 10:00 a.m. |
| Madrid | Apartment on Avenida San Luis 166, eleventh floor, with street views | €43,200 | Ongoing |
These auctions allow for partial ownership, which can be beneficial for those looking to enter the property market on a limited budget.
How to Participate in Social Security Auctions
- Register Online: Make sure you’re registered with Social Security and have your digital certificate or Cl@ve system details ready.
- Browse Available Properties: Use the official Social Security auction site to filter options by location, property type, and more.
- Prepare Your Bid: Legal assistance is highly recommended, as auctions have specific requirements and documentation.
- Bid and Secure Your Property: Once your paperwork is in order, you’re ready to bid. If successful, this could be a way to secure your new home for a fraction of its market price.
Don’t Miss Out on This Unique Opportunity!
These auctions could be the perfect way to find an affordable home or investment property in Spain. If you’re prepared and have the proper documentation, visit the Social Security auction site and start exploring the available properties today!
Visit the Spanish Social Security Auction Site.
PS: Google will translate the “Type of Goods” as Farms. Don’t worry they aren’t farms but properties of all types
