There are many banks that offer their real estate assets at very cheap prices. In this sense, BBVA puts 450 flats and houses up for sale with prices below 60,000 euros and with surfaces greater than 100 m². In addition, depending on the conditions met by the interested parties, the entity offers the possibility of obtaining a mortgage with 100% financing.
Many of these homes are advertised as “ready to live”, are second-hand apartments and houses that have all the conditions to move into and whose prices start at 29,000 euros. The reason that the houses have such a low price is that they come from foreclosures, non-payment of installments or insolvencies of the former owners.
In the case of being interested in any of these homes and wanting to buy it under a mortgage loan, it is necessary to take into account some issues. The first is that we must have a 10% of money to cover the expenses derived from the buy and sell and formalization of the mortgage.
Another aspect related to the viability of the loan and that recommends the Bank of Spain and the main banking entities such as CaixaBank, Cajamar or BBVA is, that at the time of requesting a mortgage it does not exceed 35% of our salary or payroll. Right now, variable or fixed interest loans are growing and not having enough money could lead to indebtedness and not being able to meet the installments.
Cheapest apartments offered by BBVA, from 29,000 euros to 60,000 euros
All the homes on display are included in the real estate portal Haya Real State, collaborator with the bank and other banks such as CaixaBank.
Apartment in Zaragoza of 264 square meters for 38,000 euros
Thus, the first house is found in the town of Borja (Zaragoza). This old house has 264 square meters, 7 bedrooms, 2 bathrooms. Currently, it sells for 91,665 euros, but offers a discount of -59% (53,665 euros) so it sells for 38,000 euros.
Housing in Toledo for 40,200 euros
Secondly, it is located in the town of Ocaña (Toledo). The house has an area of 149 square meters distributed in two bedrooms, two full bathrooms, a spacious living-dining room and a separate kitchen with a utility room. In addition, it has a terrace. The house is sold for 96,400 euros, but BBVA offers a discount of -42% and puts it up for sale for 40,200 euros.
House for sale in Huesca for 54,000 euros
It is a spacious apartment located in the municipality of Huesca. The house has a constructed area of 111 square meters distributed in a bedroom, a complete bathroom, an independent kitchen and a spacious living-dining room. This is sold for a price of 90,405 euros, but they offer a discount of -40% (€36,405) and is sold for 54,000 euros.
119-meter house in Almería for 40,400 euros
In the town of La Mojonera, in Almería, a house is sold for 40,400 euros with less than 20 years of construction (protected housing). This consists of an area of 119 square meters, three bedrooms and two bathrooms. The house is located less than 10 kilometers from the beach.
New apartments offered by BBVA for less than 60,000 euros
BBVA puts up a promotion for sale Newly built house of 75 and 88 m² from 22,300 euros. Therefore, it will be subject to the requirements and limitations established in the applicable regulations. The houses with 2 and 3 bedrooms have 2 complete bathrooms with toilets and single control taps, furnished and equipped kitchens.